rgeddes

rgeddes

In my last chart I called the bottom at .43 where I hope some of you were able to pickup some XRP. XRP like BTC seems to have hit its bottom (at least for this cycle) and we should be moving up to test some of the higher resistance areas before we move on. XRP double bottomed and reversed which is what has brought us to current prices. Given the direction BTC...

rgeddes

A double bottom reversal occurred at 3k sats which has brought us to current levels. Expect XLM to at least hit 3.3k sats before the end of weekend trading if this is really the breakout we've been waiting for. I expect us to band sideways at the 3.1k sats level before we move on up to 3.3k and re-evaluate. BTC seems to be on an upward course at least in the...

rgeddes

Anyone who has read my posts has known for sometime that there are a few prices we have to breakthrough in order for this to be considered a true breakout. Yesterday was exciting if you are a BTC trader- We hit the 5700s as I predicted - then very quickly broke through my downchanel and recovered to 6400 - blowing through the 6200 range. Did we scrape the...

rgeddes Updated 

If you have been following BTC the last few weeks you have probably been accumulating for the long haul. In the short term the market still has not made a decision as to which way it wants to go (other than continue sideways). If the current pattern breaks through the downtrend line we are likely going to 5700. So how should you trade it? If you watch BTC all...

rgeddes Updated 

I am a long-term holder of XRP. It seems the current cycle has been great for buying but terrible for selling. It doesn't look like that is changing soon. The current pattern for XRP in conjunction with the pattern BTC is on will likely bring us to lower levels in the immediate future. It looks like XRP will hit at least .43 before we see any reversal. Much...

rgeddes Updated 

I almost bought XLM at 3k sats today but ended up buying it for tad more I have been taking positions the whole way down and am proud to say I think the worst is over. We should be moving up to the 3600 sat mark within the next day or two. In order for this to happen - BTC has to continue its slow recovery as well (which it appears to be doing). This is one...

rgeddes

Resistance continues to keep BTC below 6400. We hit a high around 6300 before moving back to the current range We should hit 6400 today and retest that price again. Whether we break through it or not is debatable. What we do know is there are a number of levels of resistance the whole way up. We have to watch carefully as we pass through 6400. If the market...

rgeddes

Yesterday we saw a $500 swing from about 5700 to about 6200. I made a comment in my last analysis chastising whoever sold to me around $5700. I apologize for any of you who sold around that price and were offended by my comments - I was "over the moon" getting the chance to pick some up at <6000. We seem to have tested the top and bottom of this market. ...

rgeddes

Volume on DGB was up today an brought us out of the low of about 300 sats - where I hope you all took a position. Its been a steep ride down for DGB and I personally have bought the whole way down preparing for the recovery. What we are seeing with DGB we are also seeing with BTC - a double bottom reversal that over the next few days will likely thrust DGB back...

rgeddes

I mentioned in my previous post that I wouldn't be surprised if we saw 5700. I was able to take a position there which was great considering how quickly we rebounded. At the time of this writing we were $500 above the daily low. That dip appeared to be a battle of some sort. People have been calling for the 5000s and they got it. The question is - has...

rgeddes

If you look at the chart from yesterday you'll see that XRP dropped outside of my triangle - in recent hours it has moved back up into it after a double bottom reversal - indicating the pattern should continue. Many people are calling for 5k bitcoin and I would never say thats impossible. I think there will be a temporary turnaround before any possible plunge to...

rgeddes Updated 

Volume is increasing on XRP which means the price should increase. I personally feel like now is the time to buy XRP (anytime its below 50 cents its a steal). Charting the USD/XRP pair has been challenging as BTC has continued to move sideways. In my previous charts XRP flirted with my targest but has remained bearish. Bear markets are great for people like me...

rgeddes

Every market I trade has a close. This allows people to calm down - go outside - forget about the market for the night or weekend. BTC is a 24/7 concern if you are taking short positions. If you are a "whale" its an attempt to protect and grow your wealth. If you are a retail investor like most people this picture doesn't look very good. I've been trading for...

rgeddes Updated 

BTC continues to move in a sideways fashion. Yesterday we tried to break the 6800 resistance again - only to find ourselves this morning in the 6300 range. The pattern that has emerged is called a double bottom. This means we are going to likely experience a reversal in short time and again test the 6800 level of resistance. With weekend trading upon us - we...

rgeddes

Not a big update for BTC today. As you can see we continue to test the $6800 resistance as we move sideways. A new pattern seems to be forming that will likely keep us above 6800. It looks like we will break through 6800 at some point today and work our way up to testing the 7200 mark that we've been waiting on for days!

rgeddes

BTC is continuing to challenge the 6800 resistance level. We have seen BTC in the 6000's for a number of days and it now seems to be in a pattern that is keeping us around the 6600. It looks like today's trading will challenge whether we have enough momentum to move pas 6800 and begin testing 7200. We will likely continue moving sideways at these levels before...

rgeddes

BTC has been acting like itself lately. This reversal was predicted as soon as the left side of the pattern became clear. I felt we should have recovered a day or two earlier than we did - which is why if you go over my previous posts every post says were going to 6800 and then 7200 as chart continued sideways. Buying BTC when its worth less than usual doesn't...

rgeddes Updated 

Some people who trade BTC love to call the bottom - other people really get off on calling the tops. Personally - I don't care which way it goes as long as I am on the right side of the trade! The weekend is usually a confusing time - I have seen guys that only chart Monday to Friday for this reason. I kept watch this whole weekend however - waiting for a...