Cycles
XRP Bottom is in - heading towards 0.44$ and beyondHey everybody. Xrp has bottomed out and I expect parabolic move from now on. Looking at smaller picture, I have 3 rectangles over here.
Yellow - Monthly supply zone.
Blue - Weekly.
Purple - Daily.
As you can see we had perfect retest of daily supply at 0.283 zone TWICE. This shows a strength in the market. After this retest we can easily pierce other levels and try to reach upper line of MS @0.44$. I also added dates, don't look at them too seriously, just trying to work on date pivots.
Keep in mind, that when XRP pops, it doesn't retest any supply's in the later stages of bull market. We are shifting from BEAR to BULL. Perfect situation for long term positioning and holding. We will reach new ATH sooner than most ppl think. 0.44 could be a short stop before things get crazy.
This idea is for educational purposes only!
Have a great weekend everybody.
RVN Falling Wedge. First target + 30% Figure potential + 100%RVN Falling Wedge. First target + 30% Figure potential + 100%
The purchase area is 270-300 satosh.
Stop Loss Below - 270 Satoshi.
Goals - 390,450,500,550,600 Satoshi.
It is worth noting that at the moment, for example, on the binance exchange, the price is clamped by orders. The book of orders for the sale is too heavy, for the purchase on the contrary, after the walls with which the price is kept empty. This is especially done when you need to lower the price or gain a position at low prices. The visual effect for those who are not only looking at the chart. I think that during the growth of sell orders disappear. On the contrary, a purchase book will intensify for a purchase.
See the order book on the binance exchange. Watching on other exchanges makes no sense. There is a completely deceitful trading volume made by bots. In addition to bots on binance, there is at least some% of live exchange users.
RVN. Cycle. Coin for the pumps. Global goals.RVN Falling Wedge. First target + 30% Figure potential + 100%
The purchase area is 270-300 satosh.
Stop Loss Below - 270 Satoshi.
The targets for the downward wedge are 390,450,500,550,600 satosh.
If we take into account the cyclical nature and madness of the crowd, then the global goals for the coin are from 800 to 1600 satoshi. And it could be like it's a cheap coin to pump.
But as for me, it is better not to wait for inadequate goals which may or may not be.
GREED CAUSES POVERTY.
Work better with the objectives of the downward wedge. More details in this trading idea.
It is worth noting that at the moment, for example, on the binance exchange, the price is clamped by orders. The book of orders for the sale is too heavy, for the purchase on the contrary, after the walls with which the price is kept empty. This is especially done when you need to lower the price or gain a position at low prices. The visual effect for those who are not only looking at the chart. I think that during the growth of sell orders disappear. On the contrary, a purchase book will intensify for a purchase.
See the order book on the binance exchange. Watching on other exchanges makes no sense. There is a completely deceitful trading volume made by bots. In addition to bots on binance, there is at least some% of live exchange users.
$XVG #VergeCurrency - Fib Time Zones and Time Cycles for $XVGUSDQuestions for you expert chartistas:
1. Does it appear XVGUSD breathes on a 224 day cycle? The 2018 bear market completing a supercycle of sorts consisting of three 224 day cycles. Interestingly, the same goes for the genesis of XVG on Bittrex up until the end of the bull market.
2. I played with the Fib Time Zones so that there is some kind of correlation with the 224 day cycles, with the genesis of XVGUSD (on Bittrex) starting at Fib Time Zone (2).
The interesting observation here is where it lands at Fib Time Zone (8) - at the end of the bear market supercycle. Now look at the repeating fractal patterns.
I have goosebumps. Do you?
btc/usd: area of indecisionA fast update un btc/usd.
This pattern, reminds me a bearish trend, with bearish price action.
We had a rise, btc did a top (F) on 6 september as i said on my cyclical analysis: and now is doing some lower lows ( I-O-Q). My theory is that if btc won't close an h4 candle above 10200 (blue dashed line), there is no reason to be bullish!
As you can see, each bounce is being sold before reaching the previus high (F-N-P) and we had lower lows.
But there are some bullish stuff here:
- MFI shows a good bullish divergence and a very small bearish divergence;
- DI- is going down while the price is going down--> bullish;
- DI+ is going up while the price is going down--> bullish;
- ADX shows that the strenght of the actual trend (bearish), is getting weaker--->bullish
So what to do?
- If btc closes h4 above 10200, it's possible to try a long with 10500-10600 as first target
- For the short i think this is a good area to enter (10150-10250); stop loss at 10400, target 9400-9500
Looking at the cyclical analysis, in this moment 9500 is the logical target. I am already short and i keep shorting, but who knows!
Bitcoin's Market CyclesI know you've probably seen this kinda chart around many times, but this is only for a reminder.
In this post, iv'e outlined the "phases" within Bitcoin's cycles and the ones it has gone through in the past and what it is most likely to do next. Not saying it will repeat itself, but it is probably best to use as a rough outline.
There isn't much to say really since iv'e outlined the phases and cycle on the price chart along with how long they each last with their % gain, but iv'e outlined the main topics.
Four Main Topics
- Bitcoin Phases & Cycles (names of phases & idea not mine)
- 20 Weekly Moving Average from Bollinger Bands (this comes from filbfilb - check him out on here, twitter and telegram)
- Puell Multiple (easily outlines tops and bottoms)
- Non Linear Regression Curve (easily outlines tops and bottoms)
The reason behind this post is because I see many folks on various social media platforms expecting price to go lower, seeing 7k, 8k mentioned often, but by looking at this price chart can't help but disagree, who knows maybe this time around the cycle might break.
When to Get in Before Next Bull Market?
Look out for 20 weekly moving average and whenever price touches during the re-accumulation phase enter into long position and forget about it. This will most likely be your last and best chance of getting in before the next cycle starts. I first saw this pattern spotted by filbfilb
When & How Sell the Top and Buy the Bottom?
Puell Multiple (make sure it is in logarithmic scale)
- Sell into the red area or close to it (don't have to be exact with it)
- Buy into the green area or close to it (don't have to be exact with it)
Non-Linear Regression Curve
- Sell into the upper band
- Buy into the lower band
In conclusion, the way I see it is this price chart is the only one, one could ever need. Why? Because it easily calls the tops, bottoms, when to buy, when to sell, phases within the cycle. Maybe I'm bias because it's my own chart or because cycles repeat just like in everything else.
Hope you enjoyed the read; simple and short, but trading/investing is best done this way.
If you liked it, like it and comment! Thank you
Xrp to test monthly supply before going lower?Hello everybody. We're about to enter September. Fresh start of the month could possibly take us to 0.30-0.31$ region before dropping hard again. Might catch a lot of bulls before going lower.
My bias stays the same - we should see 0.16-0.20$ by 2019 November/December.
Bitcoin is not looking good either, shaking out hodlers and putting them into deeper depression is now the grand plan.
This is not financial advice, just an idea. Stay tuned.
BITSTAMP:XRPUSD
Looking for a Swing Trade Long in BitcoinBitcoin is a monthly and weekly bull market and currently in a daily bear move which I would categorize as a consolidation. In my early posts I was concerned that we could have topped and opened up a parabolic crash. While that is still possible, I don't find it as likely since this move has taken so long. Had we broke down last month, I would be more cautious.
So I look to buy major dips in a bull market. As a cycle trader, I'm trying to buy during daily cycle lows. Since bitcoin tends to form cycle lows every 55-60 days I'm looking to buy a reversal between day 45 and 65. The timing band is that yellow area so this is statistically more likely to reverse in the next 15 days. Its not guaranteed and cycles aren't 100%, but we have an advantage when we buy in timing bands.
There 3 areas I'm looking to buy.
1. $9k-$9500 - This is my least favorite as this will be harder to buy. However, its hard to ignore bitcoin in 2019 as it has a habit of forming a range low support that holds. Just like $7400 in June held. So if we form a rounded bottom here over the next week and start to reverse up, and back over $10100 then I'm going to start to build a long. Unfortunately, it would be a move where I'd have to just slowly add as we break new levels and hold support, but with almost everyone expecting a break down, it would be a very bitcoiny thing to see us just hold here.
2. $8500 area - This area has a lot of confluence. There is a CME gap, a monthly open and a 200 DMA all in the same area. It seems obvious and I think almost every trader will be a buyer there. That makes me think it might get over run.. but in the past when I've ignored the obvious just to be a contrarian I've missed super obvious moves. With enough confluence you get everyone buying and support holds and up you go. The only other problem I have with this area is that when the major daily support at $9k breaks down you would expect momentum to take it down much further. So if we do go down to $8500 I would like to see a quick move down that is bought up instantly and doesn't spend much time down there.
3. $7000 area- This is my favorite area. Especially if we get a really aggressive move. There is some support and that last major low. There is a huge gap where we have no volume from $6500-$7200. This will be an area ripe with stops. I think it will also be very hard to buy and you may have to just wait for the reversal, but a huge wick down there like we had in May or early July would be glorious.
Crypto Final Bottom Projections - Using Total MarketcapA very simple chart. Nothing fancy.
Just a projection of where the bottom will come in, based on the bubble chart (the total crypto market cap, weekly).
The chart seems to show two very clean paths to the bottom:
$2000 - this would be a point of price reaction low enough to constitute a bottom, a 90% retrace.
$700 - this is the worst case perhaps, but is in keeping with the very beginning of the 2016+ bull market. 96% retrace.
In truth the bottom will probably fall in a "range" in this area of the chart.
I expect the crypto markets to chop sideways between 2k - 6.3k for the rest of 2019.
Bigger picture of where BTC is goingSome people keep asking me where we go, but the thing is as I previously explained, it is all about probability, no one can be sure on any of the time terms (If people really knew to predict every BTC move they would be very rich and famous in doing so), but my probabilities atm are:
Short term? no one can be sure...
we are in a symmetrical triangle as I showed previously... any break below it or above it will determine the short-mid term mood..
mid term? historical phases (last parabolic run, and the first time we hit 1k+ and had a big correction before the explosion) show that we have still a big correction, also the rise of the current parabolic was due to tether manipulation and exciting bots, also i didn't see real volume buying power, sentimental's aren't really that strong, and in fundamentals the technology is way behind so I don't see any institutions nor adaptation in at-least next 2 years... also if we explode with another parabolic move upwards then the crush is going to be much worst then I expect now, so mid term if we wont create ath, then we will see a 1-5.5-8.2k again (1-3 if tether dies, and 5.5 because we need to reset the current parabolic like we did with the previous, or at-least correct it to 0.7 fib' which is +/- 8.2k)... also excitement, and other values of moon boys give me the same vibes as it was when we got to 18k last time, and when we got to 1k for the first time way before that (both had long term corrections which no one believed could happen)...
long term? I can see Bitcoin between 1-10m$ if the technology matures and succeeds, this is the stable zone for Bitcoin where 1sat = 1cent, when BTC replaces all fiat in the world (Or stays above all of them), when only multi billionaires can hold 1 whole BTC, when all BTC cap can hold all gold in the world and so on...
Hopefully this answers your question..
Things can always change, by this is basically the vision which I hope to see..