XRP Price To Teleport To $6.9 Once Wave 3 Of 3 Is Completed
The XRP price is already seeing a major recovery trend, thanks to the market reversal that was triggered by Bitcoin’s rise to new all-time highs. Right now, the battle line looks to be drawn around the $3 level, where bears look to be mounting their resistance. Despite this, the XRP price trend remains extremely bullish, […]
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Bitcoin price sold off from just below $450 to $430. The market may be wondering whether this is the start of a downtrend, but wave analysis shows that the advance has more upside in store. A sell-off has drawn a long red candle in the price chart and retraced advance since Friday. According to the wave count in the chart, bitcoin price is apparently extending its 5th waves and has just completed wave 3 of the larger advancing wave. The current sell-off would count as wave 4, and that implies another advancing wave – wave 5. The 4th wave (today’s sell-off) had targeted the area (magenta....
With the recent market recovery, the XRP price has been able to confirm an important Wave 3 move that was earlier highlighted by crypto analyst Dark Defender. Since this move has been completed, it is now time for the cryptocurrency to move into the next stage of the analysis. At this junction, there is a simple roadblock to a continuation of the rally and that lies at $3.13. In the follow-up analysis, Dark Defender reveals what could happen if the XRP price were to either break or get rejected at this level. What To Expect From The XRP Price In the analysis, Dark Defender highlighted that....
Not sure what this Bitcoin price wave is doing... It had reverse diverged strongly to the downside and may be complete. But what exactly it is that had completed is not clear... This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 16h25 UTC. BTC-China 15-Minute Chart. Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: An evident wave count is contradicted by the MACD indicator. As often....
Bitcoin price started rising today to print a high that is a few cents short of $328 on Bitstamp. Since the 17th of November, bitcoin price has been dropping and scoring lower lows each day, on most of the past 10 days. Nevertheless, the downtrend seems to have started fading already, especially with the completed Elliot 5 Wave pattern that we can spot on the 1 hour charts. 5 Elliot Waves On the 1 Hour Charts: By examining the 1 hour (BTC/USD) charts from Bitstamp (look at the below chart), we can notice the following: We can now plot a Fibonnaci retracement between the high printed on the....
Over the last few weeks, the Bitcoin price has been on an upward trajectory, propelled forward mainly by institutional adoption and buying. This has seen the Bitcoin price rally to new all-time highs at $111,900, and has remained above $100,000 despite a turn in market sentiment toward the negative. However, this support has not bolstered confidence, with one analyst predicting that the leading cryptocurrency has seen the end of this bull cycle. Bitcoin Price Completes Elliot Wave Theory The Elliot Wave Theory is a chart pattern that has been widely used as Bitcoin has become more....