I actually drew this WW several days before it hit the low point, but didn't publish it. Oh well. In any case, if it plays out, we're looking at around 3x gain, and can use pretty tight stops at this level. Great RR trade! The recent low is also a double bottom with the all-time-low price vs BTC since listing on Bitfinex, which just so happened to coincide with...
Looks like a fractal of June 2016. Lets see!
This is a possibility I'm seeing... the 2015 bottom/chop zone was shorter this time around, only about 5 months long instead of an entire year, and we are now repeating the June fractal . If so, we should see 6-7k coming up in the next few weeks, then a drop to 4500, sideways, and enter a long bull market similar to 2017. If this is the case, we won't be seeing...
The fractal shows me 8k zone is a possibility. Let's see what happens. Enjoy!
Here is a possibility for long-term bitcoin price movement. 1:1 Horizontal triangle break target (see closeup below) gives around ~3000 for bottom, although 1900 is also possible. After a long consolidation period, uptrending should resume. Unless of course crypto dies forever and never recovers... but I kinda doubt that. Total altcoin marketcap shows a similar...
Here are 2 possible Wolfe Wave scenarios. Wolfe Waves are usually drawn 123456 not 012345 so just increase all the numbers by 1. The final point 5 (usually marked as 6) just has to be somewhere on that purple line from 0-3 (usually drawn as 1-4) It could hit the line sometime in 2020 at 50k or so...
Just playing around. Lets see what happens.
Just for fun... I'm thinking BTC will do something like this. Lets see if this plays out.
Textbook Wolfe Wave. Mmmmm bear soup, enjoy! www.forexfactory.com
Forming a pennant on top of old ATH. Everyone wants 10k$ BTC, here you go. Flagpole tgt just happens to be 10k.
Big cup & handle forming on XRP, tgt around $0.41 cents but could go much higher if old ATH breaks
Noone really knows what EOS stands for but maybe best to think of it as Ethereum On Steroids umm yeah. This dropped a little harder than I expected but goddamn it's cheap now. This will either replace or be a close competitor to ETH in a few years which is currently at $27 billion mktcap vs $560 mil total mktcap for EOS ( IF you consider the total supply of 1...
wait til line break if you want less risk or get in now with stops below bottom line...
2/3 of the possibilities involve short term down, 1/3 involves long term down, 2/3 involve long term up... Short from here until trendline break up or bottom trendline, long the breakout, long the dip and short the bottom break...
Lots of news and positive things coming for XRP this month. Finally looks like it's time for a move up, trendline broken and XRPUSD is going up while BTCUSD is moving down, expecting some nice gains over the next couple of weeks. Happy trading!
Rising wedge breakdown, short