It looks like we need to reaccumulate for a while before breaking 41 cents, for now XRP looks strong, momentum on daily is positive. We had early bottom where we were liquidating longs (marked with Green arrow) so I'm not expecting any lower-lows. XRP typically creates double bottom structure on troughs but time to draw it is really limited, I personally believe...
XRP is in corrective phase of nested cycles and this spike from 1'st of January indicates that there's more pain to come. I personally see this move as some speculative dump caused by 3'rd party with huge number of tokens and it can be potential "early" bottom of this cycle. Nevertheless, corrective phase is still not finished and by end of the week we might...
BTC is moving with 80 day long cycle, last cycle was negative ( late November ) and current cycle seems to be very weak, we already had rejection from 0.386 level and for now it's quite boring. Technically we are already in small 40-day cycle which should form a bottom between 2/9- 2/24. In the beginning of February, I'm expecting corrective phase of cycle and...
XRP is quite cyclic in past few months, we can clearly see 61 day dominant cycle. Previous trough formed in mid Nov is quite important right now, we are still 12 days away from ideal next trough and 0.786 was already violated what indicates that we can expect test of that low. I personally expect rather sideways action in next week or two with potential buy zone...
On chart we can see: - INVERTED - LOG SCALE bitcoin chart with cycle analysis applied. Starting from November we can see that we were holding ascending channel ( descending in reality ). Currently we are very close to a moment when we can potentially see bigger move. Pennant is breaking to the down side ( in reality up side ), where technical target for this...
It looks like we are reaching the final moment for ADBE stock to confirm bear market. Grey shape represents fractal from 2000 and we can clearly see ( orange boxes ) that we are following the same structure. I'm expecting last failed rally to 50%, possible 61.8% and then monster selloff.
Inverted logarithmic scale BTC chart shows that we are currently testing descending channel. In previous cycle we have missed 0.786 slightly what suggest that there are still strong conditions for "lower" prices <30k. Current cycle setup forms left hand translation which might end with massive fall ( rise in price ) to 58-53k level. Expected timing for that move...
It looks like we are finally rotating and by 28'th of JAN we made a low which violates mid-DEC low what indicates that money is flowing out from this stock. First nested cycle had it's low on 28'th of JAN what indicates that bigger cycle should be also negative and we should continue selloff till end of MARCH. 200$ is on the table, if market collapses 100+
We had pretty nasty selloff in past few weeks and XRP is currently sitting on previous cycle low. Ideal scenario would be if XRP would hold 59 cents on daily chart. There is still time for bottom to form and I'm expecting 4+ more days of sideways consolidation before any impulse. Ideal cycle bottom should form around 9'th of February so potentially there is one...
BB has started new cycle, we can expect reversal between .386-.500 .618 levels. Bottom of cycle expected in JUNE. - previous cycle was negative so we are expecting continuation of bearish market. With the beginning of April we should form local bottom, bounce and have final selloff till June.
It looks like during this weekend altcoin season will start. Target is based on fibo 4.236 extension from previous bull run.
Will bottom hold? We are in the critical moment, trough should hold if not then we should expect more move to the down side.
Few more coins will pop up and we will have confirmation of altcoin season.
We are currently in the process of forming a trough, plus we managed to violate 04/DEC low on BTC market cap symbol what indicates to change: - Shift of dominant cycle from purple to orange - Next orange cycle should peak on left side of bracket As soon as we will find bottom and bounce back altcoin season should start. FIB 0.702 is taken from current state,...
Cycle analysis of BTC & XRP. - I'm expecting peak by end of the month.
We are in the trough forming time for XRP. Expected bottom of cycle should be formed between 3-8 JAN. Breakout from black channel should start final wave which will break triangle to the up-side.
BTC was quite tricky in past month, we were all expecting to bounce from 53k and finish 5'th wave... but BTC gave us a middle finger and 69k was actually 5'th wave :) Currently we are forming broadening descending wedge pattern which typically breaks to the up side. The problem is that altoins are not flying on this level what points to further decline and...
We are in the last day of 28-day cycle, that's why we are seeing selloff. To avoid negative cycle configuration we should not break 0.96. I'm expecting new money flow from Tomorrow.