XRP / BitcoinAggiornato XRP cycle looking very similar, run to 2 dollar? see updates
Hugely speculative but cycle is looking very similar to previous cycle. We can see alot of resemblance in the cycles:
- If we can keep up this price, the 50 EMA will cross aboven 200 EMA (golden cross).
- The daily MACD is looking very similar to previous cycle and also about to cross bullish if the price can keep up.
- Both cycles have lasted exactly the same time (see updates below)
- Trend bounced on the 0.705 fib (OTE) after both initial runs (link for OTE: youtube.com/watch?v=Cg0-CFJOJvg&t=2268s )
If we follow the exact same fibonacci extension as last cycle we would reach around 30750 sats which would be approx 2 dollar at the current BTC price.
If we break up from this consolidation area I will be looking to add to my long position for a longer term trade.
If we break lower from this consolidation area I will be looking to short into the 0.35-0.37 dollar area.
- If we can keep up this price, the 50 EMA will cross aboven 200 EMA (golden cross).
- The daily MACD is looking very similar to previous cycle and also about to cross bullish if the price can keep up.
- Both cycles have lasted exactly the same time (see updates below)
- Trend bounced on the 0.705 fib (OTE) after both initial runs (link for OTE: youtube.com/watch?v=Cg0-CFJOJvg&t=2268s )
If we follow the exact same fibonacci extension as last cycle we would reach around 30750 sats which would be approx 2 dollar at the current BTC price.
If we break up from this consolidation area I will be looking to add to my long position for a longer term trade.
If we break lower from this consolidation area I will be looking to short into the 0.35-0.37 dollar area.
Nota
Both cycles lasted approx 281 days Nota
A pennant-like structure forming but it is a very choppy area.As highlighted with the circles, 50/200 EMA cross and daily MACD cross very near
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My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
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My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.