Gold to hit $1690, retest the 0.786 fib at $1660 and then continue bullish momentum as eqs carry on dropping.
Just an update on my XRP idea from a few months back, as stated before this is purely a fractal re-print.
Not a price prediction or technical analysis, just a fractal printout of what has happened before, logarithmic. Please note this is not taking utility into consideration and is based on reprinted price action from the prior ATH which was a run based purely on speculation. Twitter @iqof175
Not heavily invested in this idea as I prefer horizontal price action indicators and lines more. The last time link broke this diagonal upward trendline we say a 43% gain in price, we have broken the line again, 43% price increase would loosely line us up with the 2.618 fib, Link has always been a strong alt for me, let's see if it can work some magic.
I think a close below $9615 (0.786 region) will take us to the $9200 - $9320 (0.702 shout out BC Backer) support region which I believe Is the floor of this swing.
Just a 4H insight to the last idea, we've sold off during a small BTC dump but bulls have managed to hold us above $0.30 which is also the midline of our channel. 4H candle was bought back up into the $0.31 region highlighted but still in the channel. We now have a new bullish 4H candle breaking out of the channel but still within the box, I'm confident a close in...
Although we are oversold on the daily I expect recent euphoria in the market to help BTC break up out of this ascending triangle to break the previous high wick of 25 October 2019. Once we gain this upward push the bears will no doubt cause a few retests of this key level, I believe this resistance will become support and we will begin a new chapter in recent BTC...
I expect link to fall into the highlighted buy zone along with bearish BTC action, I will be accumulating more LINK at $1.45. Sorry for the brief descriptions as I've been quite busy, just wanted to share my ideas as a-lot of people ask me for DCA entry points.
I believe a strong close on the daily above the close zone will slingshot XRP straight to $0.40 with minimal resistance in the highlighted zone, please ignore other markers and indicators as I use my working charts to publish, if my following increases I will have publish only charts for specific ideas to minimise confusion.
Expecting XRP to break out to region one before retesting the 0.26 to 0.265 region and moving higher to 0.30 cents.
Expecting a retrace to the highlighted 1st green box before further upside potential.
BTC has been rejected at the foot of the parallel channel running on-top of our fib channel, a break of $8k should lead to a short bearish rally towards $6600 where it will be supported by long term support zone and the foot of out 1st zone on our fib channel. This price action would also loosely line up with the golden pocket on our fib retrace. From here I...