Left image btc at $3800/$4.300 we can see a really similar price action, that triangle full of bart simpsons and a previous bear divergence that was executed without making a lower low in price. Right Image current price action, this time there are much more longs, the liquidation pool is where all the stop loss and liquidations are, that's around $11.200/$11.500, We have seen this many times happen before, quick drop kill everyone, then just up and leave everyone out.
Xrp/btc EXTREME bullish divergence, I don't think this will take more than a few days to give birth, this has been a hell of a pregnancy, its been a whole year in a downtrend, baby needs to born soon and it should be explosive 2 or 3 x
Just talked to some altcoins they told me they aren't dead, they were onvacation, Stellar lummens WORST performer altcoin, but finally formed a HUGE Double bottom (W) stimate targets and dates on the chart.
retest of the bottom of the triangle at $11.520$/11.550, good bounce, expecting higher prices and a brekout of the triangle, mid term target of this pattern is $12.700/$13.000
6h bear div formation on RSI, Btc will retrace at this divergence formation anywhere at the red zone, most likely $12.650/12.800 and after that I estimate a quick red candle to hit the $11.800/$11.900, I expect all this price action in the next 24 to 48 hours.
warning, weak price action, high chance to drop to $11.100 or lower, better to use stop at entry or be out until a better signal
been watching this 21 ema on a 6h chart, i wouldn't like a candle to close below that $11.700 value, entries were given around $11.500/$11.600 would be good pace to set SL if you don't want to risk it.or manually exit if a 4 hour candle closes below $11.400
I will update in 25min after this 12h candle closes, I would like to see a a good response in price and go back up to $12.000/ $12.100
Not the best 12h and 6h close, but still hasn't break the critical level, same conditions I explained in the last update.
Something weird that only happened during the bull run in 2017 is happening just right now, Altcoins are making lower lows and btc keeps making higher lows, the last time it happened btc made and extraordinary pump from 12 k to 17k, and look what happened to altcoins, I will send a chart example with xrp