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The case of the 1.7 trillion mk XRPFirst of all you will say that this one is unreal, there is no chance for this to happen. Yes, chances are low but its not impossible. I am not sure if you where at the floor when BTC crashed and XRP made some huge gains in a couple of days. So did BCH as well, and the news were full with headlines like "BCH will takes the first place from BTC because its much better" Everyone jumped into buying then the whole crypto market just crashed! General trading rules says: Buy low sell high, buy undervalued assets sell overvalued assets. Think about it, if you ask any crypto evangelists they will say XRP is shit, its not a crypto so on. Then they will enter the market when they see the price mooning and they will start to FOMO. It's all about pshychology. This thing to happen requires a lot of money. We had nearly trillion dollars on the market when we peaked few weeks ago. Half of it can make Ripple as a specex rocket if large speculators will make this huge move. I am not saying that it will happen, but daydreaming is not illegal. Nobody though that BTC will crash to 30k, exepct few one. Think about it! Have a great weekend you all! Join our community until its free! (But it's not mandatory!) community.protradersnetwork.com
POLONIEX:XRPUSDLong
by tmsarn
7
[UPDATE BTC] THE LENGTH CYCLE THEORY: WHEN WILL THE END COME? ANOTHER SCENARIO HERE. FIRST OF ALL, YOU CAN SEE FROM THE VOLUMES AND THE LENGTH CYCLE THAT WE ARE NOT AT THE END OF THE BULL. CURRENTLY WE ARE IN LINE WITH THE THIRD CYCLE. THE CORRECT APPLICATION OF THE LENGHT CYCLE SUGGESTS DECREASING RETURNS AND A LONGER TIMELINE TO REACH THE TOP. HOWEVER, I SEE THREE SCENARIOS HERE, COMBINED WITH OTHER TECHNICAL STUDIES: A) CONSOLIDATION UNTIL JULY AND THEN BTC REACHES THE TOP DURING THE END OF SEPT. THIS SCENARIO FOLLOWS THE STOCK TO FLOW MODEL, THE HALVING THEORY AND THE CONCENTRIC FIBONACCI INDICATOR. IT DOES NOT FOLLOW THE LENGTH CYCLE (BTC REACHES THE TOP BEFORE CYCLE 3) B) CONSOLIDATION UNTIL AUG AND THEN BTC REACHES THE TOP DURING THE END OF NOV. THIS SCENARIO FOLLOWS THE STOCK TO FLOW MODEL. IT DOES NOT FOLLOW THE HALVING THEORY, THE CONCENTRIC FIBONACCI INDICATOR AND THE LENGTH CYCLE (BTC REACHES THE TOP IN LINE WITH CYCLE 3) B) CONSOLIDATION UNTIL JAN AND THEN BTC REACHES THE TOP DURING THE END OF MAY. THIS SCENARIO DOES NOT FOLLOW THE STOCK TO FLOW MODEL, THE HALVING THEORY AND THE CONCENTRIC FIBONACCI INDICATOR. IT FOLLOWS THE LENGTH CYCLE (BTC REACHES THE TOP AFTER THE CYCLE 3) Let me know what you think. I LIKE A AND C.
INDEX:BTCUSDLong
by Homocryptus
2
BTC is playing this pattern. 20-30k to 144k by EOYWyckoff distribution being played candle by candle. It's like sorcery, the price action is following Wyckoff distribution. So BTC may hit a 20-30k as lowest low being 64k a top in the MID term. BTC may do another final top as high as 144k by November 2021; repeating somehow 2013 cycle. On the other hand this cycle may be prolonged to as far as mid 2022 extending the top cycle which would follow Stock2flow model (higher extended wyckoff distributions-accumulations and diminished maximus returns). I don't expect bear market or an insane bounce from current price to a new ATH soon. Most probably scenario is we're near the end of wyckoff distribution and about to enter a final second wyckoff accumulation. So 144k ATH 2021 EOY or MID 2022. 64k should be a mid term top. - - - - This will follow also 12345 ELLIOT wave count after ABC correction being C (20-30K). NFA.
COINBASE:BTCUSD
by diversionlulu
9
BITCOIN to 20.000$ ? We are on our way en here is why! MUST SEE!Dear traders, I have prepared an analysis of Bitcoin on the longer term. You can see here Bitcoin with an MACD on a weekly time frame basis and a MACD on a daily basis. If we go back in time for a moment, we got a sell signal in the weekly MACD on January 25 2018. The price of Bitcoin did not move higher after that but continued to fall with botteming out until October 24, 2018. It was a correction of 82% This was THE time to buy! The next sell signal of the weekly MACD was on August 30, 2019. The following period we got a correction of 64%. Again the perfect place to buy for longer term! Currently, we got the sell signal of the week MACD on April 23, 2021. Compare the chart yourself. The daily MACD is currently NOT showing any positive divergence so this correction is probably going to continue for some time before we see bigger pullbacks. That is ofcourse just a scenario because we are talking here on longer time frames. Traders, this does not imply that there will be no rebounds. But the long term picture and prices above 65000 can in my personal opinion be forgotten for a longer period. I understand traders who don't believe this scenario but this is my view on it. I believe Bitcoin will climb to 300.000 $ in the future only it will not go in one line. We do have corrections needed for a stable growth in price. So According to my personal analysis, with Bitcoin, we can see a possible bottom in the period January to July 2022 with a price target of 20000! Where and how do I get that number of 20000? First it was a milestone and extemely important keylevel in 2018. It is also the top from now with a 65% correction ( the minimum correction from the last 2 correctiosn). The time is just what happened in the past from the moment the MACD signal was given untill the final bottom and Bitcoin went up again! That is minimum 6 months and maximum 12 months if and only if history repeats it self. But that is where TA is based on and never forget it does not work always and for 100% but you will have a big edge on traders who don't see the bigger picture! Guy's as said already, this hypothese is my personal view on Bitcoin. It is not investment advice but a hypothesis that I believe has a very good chance of happening. I respect everyone's opinion even if it is different. That is why there are bulls and bears and the market is always priced correctly because there is as much demand as supply. The market also always comes back to the longer term average. My view on Bitcoin for the long term is very bullish because Bitcoin is only limited in circulation namely 21 million coins can be mined but again that will probably happen from next year only. Would love to hear your idea's and view on Bitcoin traders. What is your view and most important why! An idea is good but without analysis it says nothing of course. If you like my work please support it by following me and giving me thumbs up. That will motivate to continue with analysing the charts! Thanks!!! I wish all of you good trading and profits!
BITSTAMP:BTCUSDShort
by PegasusTechCharts
4