IF BTC is in distribution up here near $100k, this is what I think the BTC price chart could play out like this year, with alts going nuts while it lingers up here, in a rotation, and then again at the end of the year (2026) when BTC retraces. Hopefully BTC isn't distributing and continues higher, but this is a distinct possibility at this point imo.
My thoughts since everything seems all doom and gloom.. Seems plausible, with weekly RSI at bear market lows, weekly F&G at bear market lows, having reached trend fib extensions and daily MACD crossing bullish, among a million other things that make the bottom being in likely (DXY topping, EURUSD bottoming, 10Y yield topping, DJI reaching trend fib extension...
Current state of BTC since 2017 in a weekly chart on the left. Mid 2016 daily chart on the right with what happens after the consolidation showing. Finding a lot of similarities between these two charts, seems like a plausible fractal. Check out the movement of those MA's. Nearly perfect. Would also add to the idea that this bullrun will be more drawn out with...
Following pretty well so far and hits some key levels throughout the fractal. See how it plays out!
We've been in a massive falling wedge since April of this year, which is a bullish pattern once we break out. While I'm not here to predict when breakout will happen (and therefore can't set an exact buy price), I will say that I believe XRP will trade within this wedge (max: $0.2575 min: $0.1600) until breakout occurs. The latest this breakout could occur is in...
A little messy, but we have horizontal support below @ $0.25/0.265 and uptrend line support which lies right now (and we bounced off of) @ $0.27. Resistance above in the 4-hr MA/EMA @ $0.2870, bottom of trend line above us, currently ~$0.2910, horizontal resistance @ $0.3040 and finally the top of the uptrend channel above us @ ~$0.35. The Daily MA/EMA is also...
Price could breakdown here to ~$0.2700 before rising to test top of channel ~$0.3400 over next few days...
Held up pretty good so far... Looking for breakout from larger triangle in next 24 hours, possibly targeting top of channel ~$0.34, before re-tracing to check the 200 DMA for support. If those two things happen, watch out, as next major step would be testing $0.45-$0.48 region, after a pit-stop in the $0.36-$0.40 horizontal accumulation area.
The angles that XRP is taking here bode well for hodlers. I expect a breakout to the upside (>20%) in the next 2-3 days due to how long we've been putting the pressure on $0.30 level. If we break down for some reason, potential is there for $0.265 and as low as $0.24 on the daily.
Risky play with SWELL right around the corner and all the news about Ripple and XRP recently, BUT it does look like a nice H&S setup that I mentioned earlier this week is taking shape, with plenty of room on the RSI to make it happen. BTC outlook (probable drop to ~$6.5k) makes the H&S pattern here stand out to me. 1st TGT (hold until top of right shoulder):...
XRP has now re-tested the top of the long-term resistance it broke out of a couple weeks ago through the ascending channel we fell out of. This is bullish, so long as we stay ABOVE that previous long-term trend line. While it could still, technically, go lower and stay above that trend-line, from a TA stand-point there is nothing preventing a bullish continuation...
Right now, XRP is on the wrong-side of the ascending channel it was in for the last few weeks and meeting resistance to get back in the channel @ ~$0.2932. If we can't get a daily close above that today, we're likely to form right shoulder of H&S on our way down to retest long-term resistance that we busted through last week, probably down to ~$0.2350-$0.2400 by...
Short-term, I see rejection ~9k then dropping to long-term support ~6.5k before accelerating up toward 15-20k with a lot of support in that 6.5k region. RSI in sell zone right now... buy zone projected to begin ~25Oct. Not financial advice, just thoughts.
XRP in falling wedge, hit resistance @ $.285 --> likely heading back down to hit baseline ($0.19-$0.22) and complete wedge before takeoff in late october/early november... we're closing in on it! NOT FINANCIAL ADVICE, JUST MY THOUGHTS.
If recent history is any indication of what's to come... add that to the inverse H&S on XRPUSD and we have a bull-run in the works. We just need one higher high to make it official, which would be breaking $0.33 and then doubly official if we break $0.48. Good luck guys!
Just some basic trend lines with 3+ touches... coming to the end of a long-term triangle... just had a major red wick 5 weeks ago, just as the previous bull-run had 7-8 weeks before takeoff... coincides with end of triangle set-up nicely to infer possible bull-run beginning in mid-October. Just thoughts! Has leeway to dip a bit more FYI. Not financial advice,...