Bitcoin Wizard
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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
the yelow line below is XRP, notice how it was divergent from bitcoin, making lower lows and btc making higher lows, now look what happened next
Btc went up and down many times very volatile, and at the last pump XRP made and extraordinary jump more than 10 x gains in 2 weeks
That was the story, now lets take a look to the present situation, very similar.
2017 vs 2019 image, BTC (candlesticks) vs XRP (yellow line) price action.
Bitcoin Wizard
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This is still active
Pattern canceled, stop loss suggested was reached
Bitcoin Wizard
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Back, to the initial analysis, nothing to do in this zone for btc, either breakout of $12.400 or buy around 7.8 or 8k in September
Bitcoin Wizard
This process can take 1 month, to me this a Bear zone already and Bull impatien traders will have a hard time catching dead cat bounces and hitting stop losses every time. Once it breaks $10.900 is going to accelerate down. I will cancel this idea and Re…
About xrp and xlm, same buy zones, xrp has a strong support at the 200 weekly ma $0.284, lower than $0.27 means lower levels, xlm support and buy zone at the double bottom around $0.064/$0.07
Eos/usd $2.9/$3.6
Altcoins are more dificult to chart, btc be could be on its way down but when it stops some alts can rally we have seen this before.
Sorry I'm correcting the stellar buy zone, is at the current price $0.0725 short term targets $0.087/$0.09 mid term $0.11 stop loss if it close this weekly candle below $0.069
altcoins are showing good reversal sings, better than btc, xrp for example is breaking the 20 ema in 4h and has a nice bullish divergence, short term targets at the chart.
altcoins had a nice bounce, xlm closed the week good, I'm expecting more upside, xrp sort of sleeping still int he buy range but the weekly support keeps coming up so I don't see it lower than $0.282 and most likely to keep going higher from this level because is very oversold and divergent on the xrp/btc chart.