Odalisque

Odalisque

As the price keeps going lower with no signs of recovery, I think there is a strong case for this being a bear flag that targets the 200 day MA on the weekly chart.

Odalisque

After thorough analysis of a range of fractals and reversing the Fib retracement as seen on the chart, I have come to the conclusion that it is very likely that a rapid crash to the 200 day MA on the weekly timeframe is to happen. The 200 day MA on the weekly perfectly coincides with the 1.618 Fib line of the reversed retracement tool. This would make the sequence...

Odalisque

My hypothesis is that Bitcoin has found it's bottom. I came to this conclusion by multiple confirmations. The first is a large rising wedge formation that can be confirmed by looking at both the steady decrease in volume and the steady decrease of the MACD (histogram). When taking the beginning of the rising wedge formation (outlined with the thick yellow trend...

Odalisque

When combining all these Fibs I would say 23k is a real possibility. When looking at the Fib retracement of the 2018 ATH, you see the 0.382 (3419.21) come into the picture. If after that we look at the March 2020 dump and we ignore the wick, we see the candle body closing exactly on the 0.25 bottom line of the Fib Speed Resistance Fan, which crosses perfectly with...

Odalisque

I noticed that the pattern XRP is making is potentially the start of a symmetrical triangle (bullflag). This would mean we are to see increasingly narrow sideways trading within the confines of this range. The time frame for this pattern to complete would be considerable, but if it is to play out this way the long/short targets would spell out with relative ease.

Odalisque

The next target should be 19179. Happy trading :)

Odalisque

Might it be that it works out this nicely and we see the very top of the trend go all the way to a double bottom that finally signals macro trend reversal?

Odalisque Updated 

Do these arches of the RSI spell a new rainbow rally? I think that might just be the case as these past fractals al seem to correlate with the RSI 'landing'... We might just be in the eye of the storm.