Riester

Riester

The move to just under 30k does not look impulsive. Either we are topping a Wave B of an expanded/running flat, or entering Wave X of a complex WXY correction. Personally, I wouldn't be surprised if this is a complex WXY as we are under strong resistance. I could see us ranging between 26-29k for a while before making another move beyond 30k. In the meantime,...

Riester

1. Bounce off of supertrend support 2. Bounce off of hourly 55 EMA 3. 15m HL

Riester

Ascending Triangle Hourly HL (green candle) Successfully retested supertrend support

Riester

On the left is the 3M timeframe which shows a trend line resistance extending all the way back to the Great Depression. Touch 1 = Roaring 20's 1929 Touch 2 = Dotcom 1999 Touch 3 = 2010's Bull Run Touch 4 = 2020 Covid Stimulus On the right we have the 1W timeframe showing a broadening wedge nearing completion. Looks like we are finishing Wave D and about to dump...

Riester

1. Set FIB levels for each market cycle. Trough is 0% and peak is 100% 2. Following market cycle peaks at 1.414 extension of the previous cycle Example: 1.414 extension of 2011 bull market predicted 2013 top 1.414 extension of 2013 bull market predicted 2017 top 1.414 extension of 2017 bull market predicts 2022 top? The FIB extensions are used to gauge WHAT...

Riester

Reject 0.586 to make a Lower High and retest the trend line as resistance Then head to major demand at 0.50-0.52

Riester

Revisit range low for two possible scenarios: 1. Flat ABC correction to 625-635 - Bounce off of range low extend beyond range to make a new impulsive wave 2. Dump to 635 is Wave C of 5-wave triangle consolidation - Bounce off of range low would be Wave D as a Lower High

Riester

Thinking ETH makes a LH at 23.7-23.8k, and then we have another bearish impulse to range low at 22300

Riester

1. 1H Supertrend acting as support at 638 2. 15m 200 EMA acting as support 4. Trend line HLs Waiting for volume confirmed bounce to enter a long If we lose this, we head for major demand block (and what would be a beautiful S/R flip) at 625. IF we manage to break 625, then last resort is 615 to retest the double top of the previous consolidation. If we lose all...

Riester

BTC currently making LHs under 23k. We must reclaim 23k to break bearish Market Structure. With that said, check out the trend line... I'll use that as confirmation of a bullish break to the upside, and then confirm a long entry by retesting 23k as support, or consolidating under 23k after making HLs (bullish market structure). Wait for MS to confirm bullish...

Riester

High confidence longs if we surpass 659. This key level preceded the drop to our current state. Reclaim this and we are back to dip buying

Riester

1. True Vibration oversold with a HL since the last oversold 2. RSI bouncing off of 0.786 Bollinger Band 3. Supertrend 1H support 4. Volume decline on this dip 5. Beautiful S/R flip of 625! Buy the dip.

Riester

1. Top of parallel channel 2. FIB 1.414 level 3. RSI approaching MAs and Bollinger Band resistance These are acting as resistance The 3D RSI has reset and tested the MAs as support, so there is room for a HTF bounce. My thought is we reject 21800 in the next week or so, retest the range high of 19800 or lower, then bounce to upper 20000s.

Riester

On the daily we have Supertrend support at 0.41-0.42. This coincides with a 0.5 FIB retracement to the same area. From a wave count perspective, we seem to be in a Wave 4 which is a long way off from being invalidated. XRP would have to enter Wave 1 territory at 0.33 for this wave count to start falling apart. With this in mind, I would enter at the 0.5 FIB...

Riester

WHAT IT IS: Moving averages of RSI are multiplied by Fibonacci harmonics to create "RSI Bollinger Bands." EFFECT: RSI bouncing off these Bollinger Bands (BB) predict reversals. Explained below: 1. When RSI touches the green multiples, it is overbought/oversold on the LTF. 2. If RSI touches orange multiples, it is EXTREMELY overbought/oversold on the HTF (don't...

Riester

True Vibration indicator below is printing an oversold RSI while the price makes Higher Lowers off of the 4H 200 MA. This is effectively a bullish divergence buy signal. Price made a triple bottom around 0.48-0.50. S/R flip on the HTF, bullish divergence on the LTF, I'm buying. Also BTC is going for ATH so I'd expect it drags alts up with it.

Riester

This 5 wave impulse is playing out nicely. Wave 4 currently in consolidation above 19200 support. Also worth pointing out that these trend lines are absolutely gorgeous. 5th Wave targeting the ascending trend line as resistance at 19800.

Riester

Getting in on subwave 2 of Wave 5 to 19700. Then TP before we retest 18.8k