Savoid

Savoid Updated 

The 2019 run up and run down mimics the movement of the 2017 run to current day. Remember the bounce we had from 7.2k to 10.5k? This was the bounce from 3k to 14k, just on a smaller scale. Now we're going to tumble down into sub 3k as we went sub 7.2k recently. I don't like this idea but it will be a big wipeout of noobs and will be a huge "f*ck you" to past...

Savoid Updated 

Don't long in a bear market. Look at the most important support and resistance levels. In this case, it's 7.6k. One fat red dildo might appear soon. I would set some stop sells below it if I were you. Below 7.5k if I was conservative.

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I am doing this post just so I can see how this plays out in the future. If we get rejected by the 200 day MA, this scenario might be something that plays out. I don't think anyone is buying at these 8K levels, most traders are already selling who bought around 7K. The halving is coming yes, but market cycles are way more important. If we are in a bear market,...

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This is a fractal from 2015 placed at 2018. Will this happen again? Possible, but not a certainty. The thing is... is that fractals tend to play out very often in cryptocurrencies. Fractals become usually invalid after they have already repeated themselves, but for XRP this hasn't completely played out just yet the second time. Also, anyone else hate the fact that...

Savoid Updated 

I have inverted the scales so it's easier to see this pattern. The target is calculated from the tip of Adam to the neckline, if we should break out from neckline, which is around 7050, we could be seeing 6.4k retested soon. The declining volume is also indicating a massive breakout, if there's going to be one soon, I think it should be this one.

Savoid Updated 

Stochastic RSI, MACD crossing bearish all the indicators are showing bearish price action. Rising wedge is also a bearish pattern. The resistance over us looks still too strong to break and the volume for the bulls is not showing signs of strength. Going long before we break 8k is just hoping to get lucky.

Savoid Updated 

The fractal is very similar, and the recent drop to near 6.6k has also shown bollinger bands widening like it did when we dropped to 7.2k. It is possible for some whale algos to repeat a pump similar to October 25th pump. This would take us anywhere between 8k to 9k BTC. BUT we could drop to around 6.3k beforehand until the pump, because according to the last...

Savoid Updated 

Everybody being bearish right now is just looking at the shorter timeframes. Yes, it's possible to go slightly lower, but the ultimate trendline suggests a drop below 6 to 6.3k BTC is impossible, if it drops below that, then Bitcoin is done for years to come, and the whales don't want that. The longs on Bitfinex that are mooning currently, suggest that there is...