but I believe that from this point on, some altcoins (e.g. meme, AI…) will make their decision. A massive shakeout could be imminent, after which the moon rocket will be fully fueled.
Due to the current situation, the next few weeks will bring some surprises. I hope that $BTC develops positively. From a technical chart perspective, we are facing a possible upward movement and thus an end to the consolidation that has been going on since mid-March this year.
How did I come up with this idea? Let's look at my analysis.
The latest developments provide some room for interpretation. From the low on September 6th, we rose to 66,000 in five parts (impulse), followed by a three-part correction to the 50-61.8 Fib retracement. After that, there was another impulsive rise towards $69,000 and rising prices are to be expected. In point 1 we see that 66,000 was broken through with increased volume. In point two, the breakthrough limit at 66,000 was tested and respected with increased volume. A five-part upswing is very, very bullish.
I expect a rise to up to $72-73,000 and am watching investors' reaction closely. Here we are again battling with Bitcoin's ATH, as well as a certain psychological limit. If this is broken, we are in "price discovery" and the theory that Bitcoin will one day reach $100,000 sounds more and more plausible. And don't forget one thing. Retail investors are STILL not interested in Bitcoin.
Let's watch Bitcoin knock us all off our feet 💥
Always do your own research before investing. Everyone has different opinions and interests. I am not liable for profits and losses and do not want to encourage you to buy or sell immediately. You act independently!
Good morning, noon or evening dear Binancians, Looking at the Binance $BTC /USDC chart today, I spotted something great. Let me quickly explain why the Binance BTCUSDC chart matters! (and why BTCUSDT doesn't) If you like this post, please leave a like and also a subscription. This shows me that the post offers added value✅ The trading platform 'Binance' 💛 With 235 million tokens and a daily trading volume of USD 60 billion, Binance is one of the largest cryptocurrency exchanges in the world.
It's time again to let my collected thoughts run free.
It's about the cryptocurrency $XRP from Ripple Laps again.
Despite the years-long correction of XRP, which began in 2017, there are signals that indicate a price breakout. In general, you can say that there are two types of corrections: price and time, and with XRP both are happening. You have to be honest with yourself: a price increase of 0.05 -> 3-5$ usually comes gradually and not suddenly in 1 hour.
Bullish indicators📈
Binance BTCUSDT chart
XRP is in an uptrend in the 1d according to EMA50/100/200 and the EMA50 has been tested and respected! The golden cross happened days before. A golden cross is also forming in the 3D daily chart.
MACD indicator BTCUSDC 1M (cyclical view)
THE MACD is taking a nice positive turn!
XRP DOMINANCE The last time the dominance was this low or lower was in 2017. Since the June low of 1.05% we have seen a bounce upwards. The increase in volume while the dominance is changing course is also a signal for higher market dominance and thus higher prices for me.
For me at least these are indicators that keep me bullish for the time being. What is your opinion on XRP? Will there be an XRP ETH flip at some point and will BTC be flipped afterwards so that XRP becomes number 1?
I am not a financial advisor! This article does not constitute investment advice and the information shared in this post is purely my subjective thoughts. I am not liable for any profits or losses from your trading.
Last week I was thinking about #XRP again and came to the conclusion that XRP could become the No. 2, if not the No. 1 cryptocurrency in the really long term. XRP knowledge will or must be imparted to the next generation. This will be the financial education of the next generation!
The attached graphic is intended to compare the $XRP chart with the graphic on the left. Here I can see from the comparison that XRP Max. is in a years-long bear trap. However, a "takeoff" is more realistic. In any case, you have to expect that the XRP could remain the same or even fall to $0.28. However, this would be the ultimate shakeout and there could really be an XRP pump like in 2016/2017!!
Let's be honest, XRP will be the new digital silver with its own ecosystem. Now we hear that more and more national banks and institutions are interested in XRP and their XRPL. XRP also wants to buy back XRP that has been given away/sold. Why do people do something like that? You probably know, 1+1=2
Investing in XRP now can have a positive impact on your generation. And I don't think I'm going out on a limb.
For the people who see XRP as a scam: Please write a comment explaining why you rate XRP as a SCAM.
For the hardworking people who have been involved for 5 years or more, I would like to express my respect. I hope you have accumulated heavily over time 😄
My goal one day: 100,000 XRP (1,000,000 XRP will really surprise you one day📈🚀)
This post does not constitute investment advice in any way and I am not liable for your profits or losses. Always do your own research before investing in any kind of economy.
This post represents my opinion and I am not a clairvoyant.
I'm trying to improve my skills as a trader and today I analyzed the monthly XRP chart and came across something amazing.
Analysis 📈
I used the Elliot Wave theory in combination with Fibonacci and came to a bullish view.
The swing highs and lows result in a massive bullish grand cycle. The impulse is confirmed using Fibonacci ratios.
For traders with harmonic patterns, an "ugly bullish Gautley" can be seen. Price is currently breaking out of this pattern.
Pump loading..? 💸
XRP has experienced massive pumps in the past that were able to last for a short time. The sell-off came quickly, due to the legal dispute with the SEC.
However, we may be facing an overcyclical pump that could be triggered by the FED testimony on Tuesday. Trend lines, Elliot Wave Count, Fibonacci, volume fit together. I leave technical indicators out of the equation.
Opinion ❔
I have a bullish bias on XRP and my analysis is confirmed by the impulse according to the Elliot Wave count. XRP has good opportunities to boom because it is a partner of the World Economy Forum (WEF). XRP has experienced several pumps. A victory for XRP/Ripple against the SEC means incredible things... that could mean a pump of the year, despite the current volume of a large cap... $5 seems to be becoming more and more realistic.
Last week there was also the moment when many people said that XRP had decoupled from BTC. This pump may sound too true to be true?😄#
Stay bullish, even if it is difficult and tedious, but wait and realize profits during the pump. React quickly!
This post is in no way intended as financial advice. You should always do your own research: DYOR. I am not liable for financial damages.