These fractals are undeniable. The fib time zone off the last major correction called the top, looking for a bounce and reversal of the downtrend before the 18th of February. I am very weary still because a proper market cycle structure would surely push us down to $5600 or lower.
Similar cloud setup to ZEC, waiting for the candle to close in the cloud. TK already flipped bullish, bullish diversion on rsi and macd is flipping up. Stop set and bottom of cloud support, first target top of cloud. Although with partnerships and the roadmap release today, I expect a kumo breakout to take it much higher. A lot of charts are shaping up, all...
I rarely take a position on ZEC but this was too good to pass up. Opened position after a candle close in the cloud, tk flipped bullish a few days ago. Stop set at bottom of cloud support, target top of cloud. Position will be reassessed if a kumo breakout happens or if daily signals start to turn bullish.
As you can clearly see, BTC has been trading in this channel since the start of the big bull run. Looking at previous patterns it makes two solid pushes into the trend line, then comes a 30-40% correction. I expect the same here, especially since a failed test to break and hold 6k again (expect one more possible test of that). Also, the H&S pattern is all too...
We've all been let down by XRP over the last few months, and that's being nice about it. Things are finally looking up after it did almost 100% retrace from ath against BTC. We are in the depression/disbelief (suckers rally) zone of the "psychology of a market cycle." Nothing special here, fancy lines, fibs, gann's etc do not apply to XRP and complicated chart...
