I'm looking for a test of this level in the coming month. Likely won't break it, but who knows wtf this shitcoin will do beyond that level.
Previous price action ought to help us figure out where there will be some liquidity pockets and big areas of resistance on this coming break and bullish trend reversal confirmation. The bids will be packing on >7400 and the key levels in red will be places to consider TP and making some flips over the coming weeks and months.
The ratio showed some negative correlation/divergence in the last BTC dump. Ascending triangle / continuation. Bigtime breakout if continues above .0002870
This wave is running out of steam -- as indicated by the decreasing volume, and a strained RSI/Willy. I do not think there is liquidity to maintain this price level, and a break down <$7100 likely, with a first target around $5000
Things tend to overshoot my expectations but my expectations tend to be decent approximations for mean-reversion. Last trade idea worked out nicely, but I TP'd > 0.000082. Looking for re-entry < 0.000078 on xrpbtc, or equivalenty the mentioned USD target.
I had been generally successful scraping some shorts in the last days, last night's bottom appeared to me like a capitulation low. So I'm long from .0000705 with target of 0.000074. I will re-evaluate at that level. On the 30min chart, 200SMA will act as support if uptrend here. However, crypto as a whole is definitely not bullish yet. Stocks will open on...
Too many XRPUSDLONGS margin longs. RSI is floored, but it doesn't look good. ESPECIALLY if BTC doesn't break out of this descending triangle.
Got in on the recent capitulation/potential reversal. (0.0325). Watching the break up from this ascending triangle, will hold for weeks-months in that case as a trend reversal in crypto markets will be in play. Another rejection from ~0.0350, would hint to me to close out in the near-term. Also note the ETHUSDLONGS on bfx are at ATH -- which might put a damper...
Get out your fibs, but another general indicator of spotting a top in the coming short-squeeze... EDIT: I'm long BTC, but I expect this chart to go down.
It's been a long time BTC been making this formation (Nov 2017). A close about $7200 is extremely bullish for another potential test of $18K+. My reentry was ~$6400 USD.
into the fiats on the third failed ATH breakout BTC, crypto in general is screaming for a correction looking at least for 61.8% or 100% retrace to the $1800 level over next two weeks
watching how the selling <$4000 kept on getting absorbed for the last 3 days, the corn is looking like its had a small accumulation phase and is ready for another stab at ath watching the previous general resistance areas for possible swings
nice pull back here, im willing to hold short (2482) and put in stop at the resistance level drawn
I'm watching $287 for a possible short entry. However, I will 2.5x on polo short the ethbtc pair, so whatever that ratio will be, will be.
call me crazy, but this is looking like its setting up for a test of ath, last couple days appeared (imo) like accumulation i'm watching for bfx to close over 2520 to confirm a breakout to the upside
entered 0.0966 i think the .236 fib level is a given, .382 fib level level likely