I'm confident that this dip was the last shake out by the whales and other big players, the sentiment in the market has lost all hope of going back up. I got a few phone calls this morning from concerned friends telling me they sold their bitcoin investment or its too risky to buy now. People are getting very scared; when there is fear in the market, that's a...
Hey taders, For the past few months i've been talking about an XRP breakout to the upside, and even after this dip that's still a reality. In the last post I predicted that X would sort of hug the trendline until it touched the weekly again. I had a feeling it'd re-test the weekly, but not retest 2 lower supports in one candle. Absolutely absurd. Now because...
Hey traders, today we're looking at XRP/BTC ratio chart. First off, it's pretty obvious that an altcoin season is underway. The Bitcoin dominance has peaked at around 72% and is having a hard time breaking back over support at 69. Meanwhile, all of the alts have slowly but surely been gaining satoshi value, and that isn't just going to reverse anytime soon. Take...
Hi traders, today we're looking at Bitcoin Cash. This is my 1st BCH chart, so bare with me on this. I actually am not a fan of this coin, but for trading purposes I've bought into this. The past few months the entire crypto space has been consolidating, and caused Bitcoin Cash to hover around its weekly hold around $305. Before the start of October, the price...
Just like every other coin, Litecoin has been in accumulation since it's runup in June. Now it looks like this week Monday Litecoin should break out the downtrend and start moving up. Right now the price is suppressed in between the 4H hold and the downtrend, with not much wiggle room. This next week we might even still be accumulating, and will be ready to move...
Recently I've been seeing a lot of bearish sentiment in the crypto market, especially Bitcoin. I don't usually like to make Bitcoin charts, but I feel like I have to. Bitcoin isn't going to hit $1,000 , $2,000 , or even go as low as $6000. The lowest Bitcoin will go is wicking the weekly level at 7500, then straight back up breaking the downtrend and continue...
Start of October, ethereum broke its July downtrend, the one from the spike up in June to $380. Now, it looks like its ready to make another move higher. Ethereum and all of the other altcoins have slowly been gaining in their bitcoin values since the beginning of September. The Bitcoin dominance is dropping slowly but surely. Now ethereum is hovering around...
The last time I posted an XRP chart, the price spiked up to $0.33 testing the top of the downtrend just like clockwork. On that chart, I called this next price movement, you can check that previous post I linked it. Anyways, price has gone up and retested the downtrend, but this time instead of wicking it and heading straight back down, it looks like we have a...
Just like all of the other altcoins, #2 Ethereum has broken out of its longterm downtrend and is now starting to gain in satoshi value. This downtrend has been holding the price low for over 16 months... This month, Ethereum should close over the monthly level and regain its uptrend before really taking off in price in Nov-Dec. Ethereum is more mature than XRP,...
XRP/BTC just broke out of its downtrend lasting 7 months. Take a look at the far left side of the chart, Sept. 2018. Once it broke out of its downtrend, it consolidated for a few days then shot up 170% in 5 days.. Right now we are looking at the exact same pattern, I believe the same movement will play out very soon. Except this time around, the accumulation...
An update from my last Bitcoin dominance idea, where I called out the dominance would top out in September then start to gradually fall before alt season. I say this with confidence, I don't see bitcoin going any higher than 74% dominance. In September it topped a little over 73% and has failed over and over again to break that. A lot of people are calling 90%...
Since my last XRP update, it spiked up to 0.33 just like clockwork, then right back down. As of right now, XRP is trending below its lowest support. With all of the global adoption of XRP and cryptos, this price won't stay for long. XRP will not dip any farther, it physically does not have any more wiggle room. Notice how the day Bakkt is released all the...
Hi Traders, the weekly for Bitcoin is looking extremely bullish. To everyone saying we're going back down to 3k or even 6k, we're not. The bottom is in on the 100MA (red) line currently at 7700. Also, the 30MA just did the 'golden cross' on the 100MA, it's not a big deal it just sparks interest in the market. Right now, price is consolidating from trying to...
Hi Traders, I know its been a while since my last post. The crypto market has been accumulating until now. This is an addition to my last XRP post, where I told all of you that it'd just sit still and accumulate. The top 3 coins all broke out of their local downtrend earlier this morning. Now this doesn't mean we are going to take flight to the moon right away,...
Hi Traders, I've been analyzing Litecoin for a while, i've seen all the news of how Litecoin doesn't have any development on it and so on. This is all just FUD, trust the charts. Litecoin peaked at 140 back in June, and just like every other coin it has been consolidating down and accumulating. All these coins look the same on charts and they all seem to follow...
Hi Traders, Today i'm breaking down Ethereum. For about 2 months since the peak of 365 this year, ether has been constantly falling. $365 resistance was actually held by the daily level stending way way back. And just like clockwork, the price fell level after level. It couldn't break back above $317 twice, therefore it naturally just fell. The candle that...
Hi Traders, I know XRP/USD is the most frequently asked for chart, however, the price has stayed stagnant for the last few weeks, therefore I haven't really seen a reason to post an update. Anyways, XRP has respected this downtrend since the middle of July and will stay respecting it until the middle of Sept. Middle of Sept, Sept. 15th, is due for a breakout in...
Bitcoin just closed above the monthly 9950 Support and is holding it. If it breaks back down below this level its only temporary, we're in a bull market. Bitcoin has ended its accumulation period and is now entering its next parabolic wave up. I've called this a month ago, please check my previous charts. The only thing holding Bitcoin back was this local...