UnknownUnicorn4802260
Throughout October and December, we had a considerable increase in volume in the XRPUSD pair along with BTC breaking its ATH. I am fairly confident we have entered the parabolic phase of the XRP cycle as this, along with the RSI and key support and resistance areas have been signalling. Following the RSI back to December 2019 it is apparent that we have been...
Looking at the logarithmic chart, bitcoin just broke out of a massive triangle formation which started around January 2019. If BTC breaks below its newly formed support then we might see it trend along the 4/1 angle. However, if BTC maintains momentum we'll see it trading along the 3/1 angle and hitting its head against the 2/1. Let's just hope volume and...
On the 2 hour chart XRPUSD is showing a divergence from BTC and is forming a triangle pattern that extends into September. It is well known that the crypto market generally moves in harmony with BTC. The same goes for XRP. However, the upcoming rally could be different. This is because the current trend shows a divergence between the value of XRP and BTC....
Widening divergence indicates increasing momentum behind XRP. Historically, the gap between the two closed as XRP always went up to match BTC's value during a rally. Take a look at the March 2016 and 2017/2018 rallies, within 21 days of the bitcoin rally, XRP went up to match it's value perfectly. If this pattern repeats, this means we can take advantage of an...
BLX index if 2013-2014 pattern repeats
Last time we had a bullish wedge breakout we saw a 28,483% price increase. With its impressive fundamentals and the recent bullish breakout from the falling wedge, BITBAY is worth keeping an eye on. Thanks for taking the time to read this. Nothing is random. Stay profitable.
Since 2016, the logarithmic SCUSD chart seems to be trading within the range of a rational function which I modeled. Above I've indicated areas from which you'll want to take profit (TP). I've determined the areas of which to take profit by using the Fibonacci Extension Tool. I'm expecting this next bull run to send SC to $0.85 Thanks for taking the time to read...
Since 2016, the logarithmic SCUSD chart seems to be trading within the range of a rational function which I modeled. Above I've indicated areas from which you'll want to take profit (TP). I've determined the areas of which to take profit by using the Fibonacci Extension Tool. I'm expecting this next bull run to send SC to $0.85 Thanks for taking the time to read...
On the trend lines drawn, you can see that there are multiple touches either on top of or below the trend line. If there are multiple touches on top of the line then the trend can the be referred to as "support". Falling below this trend means