schaffi2

schaffi2

market is matured, organic growth, moon, moon, moon.... In the middle of the world biggest crisis, people dying, economy will be a desaster in the coming months and BTC is creating one of his biggest bull trap in history... great and tactical move of the whales to milk the foot soldiers one last time. Maybe it‘s the final last big breath before it goes where it belongs...

schaffi2

Take the 1M chart Invert the scale look for double top formation So there is a double top at about 6.4 K (yellow line) another one at about 3.2 K (purple line) or use the red line if BTC should be infected by COVID-19 and will die... The choice is yours... No financial advice - only my stupid view on the current situation

schaffi2

My lines are certainly not 100% correct, but if you look at the triangle on the 1W chart - watching the last 2 years - it could break south if something positive doesn‘t happen soon... I‘m using the tradingview disjoint channel tool, so the angle should be correct. No fnancial advice, only my personal view on the current situation.

schaffi2 Updated 

That was a perfect retest of the 4 week rising wedge that broke on Feb 15th. Now down we go at approx. 9100 region. No financial advice - just my personal view

schaffi2 Updated 

...or only a temporary stop? We will see...

schaffi2 Updated 

my prediction for the comming days, see chart no financial advice! Just personal view.

schaffi2

Did we really break out of the longterm downward channel? I don't think so. If you use the parallel channel tool of Tradingview and first you paint the lower line with about 6 connection points and then move up to the highest point in 2019 then you see that today we touched the upper channel a second time. Furthermore we are at the end of the upward channel...

schaffi2

I guess we're in the correction wave B and we're going up to Fib 0.786 (about 8250). Then correction wave C will start and will lead us to approx. 7.2k within the next days. No financial advise! Only my personal view and guess.

schaffi2

I guess we could see a mega crash this week (or weeks)- perhaps until next monday we could be at 7500. After a few days or weeks of consolidation we could see a reversal. Hopefully it will not go more down to 6k or even below. ALTs will bleed like hell this week (or weeks) and many of them will see new alltime lows. BTC.D (Dominance) will shoot to about 75%...

schaffi2

The long triangle comes to an end and XRP has to decide what to do: upbreak or downbreak. Although my gut tells me that we will see an upbreak I see some signs for a downbreak. First: Fib level at 0.3185 will be difficult to mbreak Second: there is a nice bearflag channel / flag which usually breaks down. Third: there is a rising wedge which usually break...

schaffi2 Updated 

everything is in the chart. I guess there will be several up and downs until 6.5k and I‘m not sure about the timeframe. Maybe Sept/Oct we could reach 6.5k and then moon...

schaffi2

... I guess the 3rd or 4rd hit at the neckline will be enough to get it broken. First goal: about 8.4k later in aug/sept: about 7.5, then 6.4, then moon...

schaffi2 Updated 

After we fall down from the small upward channel (yellow lines) (or ascending wedge -> dotted yellow line - but I guess it was only an upward channel), we could start now to build another pattern. When I look at the 4h chart, I see a possible inverted H & S pattern (white neckline). On the left shoulder in the left loupe you can see a trend reversal candle...

schaffi2 Updated 

... BTC plays along. If BTC should climb as well and does not fall significantly then actually this pattern should play out and move upward. We will see...

schaffi2

We are in a descending channel. I would expect something like this in the next few days.

schaffi2

Wow, what an amazing dip until now (until now...!) My last hope of support is the more than 1 year valid support trendline, currently exact at 0.30$. If this line should break and a daily candle should close below this one - then RIP Ripple... One the one side currently we have a very strong support between 0.325 and 0.30 - but what does „strong support“ really...

schaffi2 Updated 

... at least for shortterm. Nice rising wedge on the 1h and 4h chart. Probably break down within the next 12 - 48 hours.

schaffi2 Updated 

many time this trendline worked as a resistance and support this year - hopefully it will not break through, but I guess it will in the next days.