Is Bitcoin going to have a double-tap bull run like the previous rallies? If so, it's looking like it'll break for $200K on this last leg. What's going to drive it? - USD Inflation and institutional adoption of Bitcoin to reduce inflation risk and exposure to the USD? - SEC approving a Bitcoin ETF? - Or just retail HODLing, driving up the price and demand?
Greetings All, I've been following XRPUSD for a while now and as you can see, it hasn't been performing the greatest over the past couple years. The down-trend is obvious and really taking it's toll on its supporters. Looking at the graph, I think XRP is about to find some long-term support at the 200-weekly candle coming up It's finding some previous support...
Wanted to share some similarities in the corrective action we've had over the last year. See how the data points are similar to the correction in 2017.
Hello all, Just here today to point out the last time XRP had 30 weeks of consolidation (after .006 line) was just before the massive bull-run we had in 2017. XRP was on a downward slope along with the rest of the crypto market for about 9 months after that. For the past 210 days we've found a range around .30 I think we've finally found a good support for the...
Waves, channels, cycles and things...you'll see.
In regards to market cycles, if this is the point of maximum opportunity I believe we'll likely bounce off this over-extended RSI into the 80% point of the wedge where most breakouts occur. We'll likely consolidate on top of the wedge until 24 January where BAKKT launches, and I believe from there the bear market will truly be over. We should thank Roger Ver...
Before the XRP bull run in December of 2017, you can see it was in a descending wedge formation (in blue) followed by a channel in pink. Based on the artifacts from 2017 and some recent similarities now in 2018 I believe XRP just entered the channel formation and is repeating just as it did in 2017 but on a 2x day scale. The institutional investors and market...
Psychology of a Market Cycle - Bitcoin steemitimages.com
Looking at this chart and seeing the two channels we could possibly be taking (yellow - bearish) (blue - bullish) it seems clear to me what the bulls have in mind for the next target. It happens to be the recovery-high of our swing from February - March (11500). This low swing is a pullback to consolidate and gain more momentum to push higher. MACD is starting...
BTCUSD - Logview - Daily Yellow trend lines being our bearish wedge Blue trend lines being our bullish exit wedge Bitcoin managed to make itself a bullish wedge/channel to exit the bear trend. As of right now we're still correcting within the bullish wedge. I fear if we break downwards through the blue support we'll be re-entering bearish territory for a...
XRPUSD - Daily - LogScale This analysis is my personal opinion, do your own research before investing your own assets. Blanket statement over, lets get started. XRP posted some similar bullish flags after its descending wedge in the past after some significant gains. Looking at the RSI, it looks like we're getting into popular reversal zone after some needed...
I'll admit, i'm a little more focused on XRPUSD compared to XRPBTC. Today I realized i've probably missed a lot of the market movement as XRPBTC will start showing a lot of movement while alt-coins change directions. Especially since you can see Bitcoin market share is beginning to decrease again. Are Bitcoin funds moving to alts as BTCUSD hits resistance? As...
This is the chart showing similarities from the 2018 to the 2014. See the similar breakout patterns, similar MACD waves too! Again, not saying it's a certainty but the similarities are oddly accurate. Let's hope 2018 is better than 2014. Best of luck to all, unless you're SHORT!
Bitcoin - Daily - LogView - SEE 2014 Post Below!! Bitcoin continues to show similar patterns to the 2014 correction. In this chart you can see Bitcoin as of today, down below i'm posting Bitcoin in 2014 for comparison, see the two side-by-side for comparison. Pictures are worth 1000 words. Daily MACD is high, RSI is high, etc. The only thing in BTC favor is...
Bitcoin - Daily - Log View After a new all-time-high back in 2014 there was a significant correction with some characteristics to highlight. - Descending wedge - 3 phases of selloffs - rally after 3rd selloff The same indications are happening now after the 2017 all-time-high. - Descending wedge - 3 phases of selloffs - rally after 3rd selloff (the yellow...
XLMUSD - Daily - Log View As you can see, there was a similar consolidation phase before the "big" run last year. We had an ATH and a falling wedge, double bottom and ignition into a new ATH. The same is happening with this consolidation. Big run, ATH, falling wedge, double bottom and a breakout... Based on the RSI, we have a few more days of gains until we see...
Bitcoin has an ascending triangle formation for bullish momentum longer-term. As we find higher lows from our $6K low, we'll continue up to re-test the $11800 resistance.