4h frame forming descending wedge with approaching good retracement level. not 100% safe zone xrp currently reached, yet it looks not bad to consider entry long ahead this point. indicator and ema shows second support level would be prz zone which arousing powerful bound for up to 20% more profit taking.
even indicator flows resemble will now be different ?
Indicator shows bull market ahead in weekly time frame yet public market participant's cognition shows also at the resistance
TA indicates maximum $11,100 big downtrend continued since 2019, every bullish bounce could not able to hold 0.786 ratio, thus bear in long run. current market also faced strong resistance at vicinity of 0.786 and it is under a keen interst of whether market not only break out 0.784 and 0.882 ratio but also hold this level in weekly candle terms
evidence looks not enough for long at current level although possibility lies on the price continue to rise and accumulation range set at 10,000 above, it is more likely market get corrected with strong resistance, or making bull trap. As global gold and dollar strength shows their bull market for midterm in 2020, implying BTC would take more time to be...
As closer to $8,300 short betting accumulated yes BTC market looks like preparing big huge move ahead and although for short term long imperse can be found for 3-4 times more, it's now time to consider potential short
movement in less than 12h frame's indicator points midterm rising potential
midterm uptrend alive long potential power dominating
In less than 12h frame indicators points strong reversal signals short term long position would not be bad at current level
IT'S JUST THE BEGGINING YET SHORTERM HIGH
uptrend continues It's the phase market confirms support levels
ETH only chart shows its potential to reach the tp yet more likely with the total market flows
easy support : buy resistance : sell
more than 6 hours frame BTC holds $6900, potention short term uptrend continue breaking out midterm down palleral channel if not, mid term down trend resumed finding another support
SOLID SUPPORT RE-CONFIRMED POTENTIAL BUYING POWER RISING