andypro16

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andypro16 Updated 

We can see RSI 97. This means overbought. To digest overbought , we need horizontal price movement or big fall. also read my previous idea

andypro16 Updated 

wait for breakout with huge volume.

andypro16 Updated 

We see daily Macd golden cross on daily chart at around 0 axis which is a bullish reversal sign !!! We have target $694, $1030, $1365. wait for breakout

andypro16 Updated 

I am not advising you to short. Just don't chase high at this moment because this pattern is possible although I think ripple can rocket to a higher level in the future.

andypro16

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andypro16

buy near the support level . Ripple is preparing its next bull run.

andypro16 Updated 

first target 2.56 next target 2.3

andypro16 Updated 

target price $ 4.5

andypro16 Updated 

wait for breakout

andypro16

Things you have to notice on the chart: 1. A possible descending triangle. Why I call it "possible" is that I can only find this pattern on Bitfinex's chart. If this pattern completes, we may see a upward / downward breakout. 2. 50MA & 200MA death cross which is a bearish sign. Note that this is the first time we have the first death cross on the 4 hour chart...

andypro16 Updated 

i found these patterns are similar. So I share it with you. just for fun.

andypro16 Updated 

We can see that once monthly RSI >96 , btc dropped about 67-68% from its peak on the next month. If this pattern repeats , btc will drop to $6000 on January. You may think that there is insufficient bad news like MT GOX to cause a crash , but I can tell you news could be manipulated by some financial predators and everything is possible. Mind your risk.

andypro16

I believe that you have read such similar ideas about btc forming a head & shoulder pattern. Interestingly , I found different evidence both supporting and not supporting the pattern. Evidence supporting the pattern: 1. The volume MA during the formation of the head is lower than that during the formation of the left shoulder which show that the buying pressure...

andypro16 Updated 

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andypro16

Bitcoin has completed its 0.618 major correction. I think the price will not exceed the red resistance line AND will be traded in the shaded triangle + rectangle price range temporarily. $20000 is also a major resistance which we failed to break last time. Here is evidence supporting my view: 1. We have just failed to break the major resistance $20000 which means...