Kreedmonger
@t_Kreedmonger
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Kreedmonger
I have charted all the noticeable Bullish factors on the chart. Flagging above 200D MA , big volume shelf formed recently. 1st target Would be 11% Fib above. Let me know what you guys think!
Kreedmonger
XRP has reached initial fib zone mentioned back in august (check previous XRP post). It was in the perfect buy zone for a few months and played out nicely . I will be highlighting some fib extensions targets soon :)
Kreedmonger
Simple analysis , XRP needs to breakout of .68-.70 with Volume to then target .92, 1.12, 1.30+. Longs at .37-.50 seem like a steal if your a long. Thesis is valid above recent lows of .28
Kreedmonger
BTCUSD is trying to figure out if it will break or reject 70k resistance. RSI overbought and price at resistance , I'd like to think a pullback is very likely. Pullback targets: 58,000 below that is 50,000. Both levels would give perfect opportunities to buy dips on your favorite cryptos. Regardless of this price action , we also have to keep in mind Bitcoin halving is in 39 days.
Kreedmonger
Chart is pretty self explanatory. Below 30k we can retest the Fib(s) down below . Bearish below $30,000
Kreedmonger
These are my updated Fibonacci levels on Bitcoin. Expect big moves off of each level .
Kreedmonger
BTC currently trading within this fib range, highlighted in the box . Break above the 61.8 can send it to 35-36k +
Kreedmonger
these levels look great for some intraday trades/ maybe some swings
Kreedmonger
Bulls need to hod this fib support or it gets fugly
Kreedmonger
Posted a different chart earlier this week bout how BTC was at fib resistance and also having a risky wedge right underneath it . Here is the result :
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