September was a dull moment in crypto world. If you look at the price action. However, underneath this bearish price action across the market. I am continuing to smell a big bull run that is coming for those that can see how this panic sell offs and profit taking are playing right into the hands of those that are patient and got deep pockets.
__TA__ I cleaned up the chart a little to show that it appears that we are very much have formed a bullish channel here. This is also would work well with a breakout from a bear channel that we had in July. This is always a key to remember, that we are not in the bear market. Yes, we have sell offs, but if you look at BTC, it is still very much above 10k and i might add - comfortably above 10k
After the H&S pattern and a deep sell in early september, we have been in symetrical range trading. However, i know this usually means a 50/50 chance to go either way. However, since we had a breakout, I am going to lean on the upward price action.
If we are going to have a rally up, we should have volumes as well, so will keep an eye on this.
I am also having a harder time imagining BTC dropping nowadays, as global finances are definitely no longer ignoring the blockchain tech and are figuring out how to work with it.
You can try you luck entering on the triangle breakouts and hope the momentum will carry.
__REVIEW__ --------------------------------------------------- Overall, Nothing really changed on the big picture. We didn't really have any massive rallies or drops except for the usual sell offs and panic selling. LINK is a good example for that. So even though we had some good melt downs. Overall the market was in negative neutral in September. I perfect fit to establish that leg support for 1-2 wave or another attempt to push up into the resistance on a current channel.
We also had even more explosion in DEFI markets in September, and implosions of advancement in technology and further development in the crypto community.
Still we had the usual hacking and ransomware month that was not great for the crypto markets and that is no fun.
Since, September i am mostly concentrated in my assets(3-4 no more) and been picking up and day trading some assets that are oversold. But, unfortunately after few blunders i gave up on all of my day trading gains lol Sometimes pump and dump are hard to trade kids :)
------------------------------------------------------ Recent price action on XRP is hinting that this TA is actually possible? Something in the works that we propel XRP upward that we yet don't know. And considering a big fractal coming up on OCT 26, holding some XRP may be wise. It is already wise as XRP has been acting well in September.
____FRACTAL_DATES____ OCT: 4, 8, 22, 28 NOV: 16, 27 DEC:2 September fractals was the jaws of side action. October appears to be much much more dramatic and we got an key date coming up on OCT 8. I got feeling that those that HODL Crypto are going to win this one, but will see.
There is no update to fractal action as little have changed since early September.
**LEGENDS** BLUE = Bear/Resistance || Yellow = Bull/ Support Lines: Fractal dates are moments of interest, where price and time collide to create oscillation. the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
Feel free to request: your coin to be analyzed! Please keep those Stop losses in place or mind!
I was editing my count today. Here is a new variant. I played around with treating the reversal diamond as not part of the count. So Y ends before it. Wave 1 starts from it. Who knows. I can't find rules on reversal diamonds.
@peugo407, lol, this is almost impossible, actually, i can see wave 3 at 75c, before ending at 3. The only way this can happen if xrp is going to really take off when that asian bank is going to integrate XRP in their settlment porgram, but i am not sure what it is called exactly, but the volumes are in trillions so if xrp even get a % of that or the burn of xpr increase enough, we can see an uptick. Don;t forget XRP can jumo to 70c in 3 days easy.
peugo407
⋅
@Ajion, yes, XRP can jump easily because Ripple can pump its own XRP token.
Ajion
⋅
@peugo407, heh, yep so can any whale, in any coin to be fair. But will see, there is room for everyone in crypto. Besides, XRP is still better than lots of shit coins out there, and they pump and dump all the time. Not to mention, people should be allowed to dream,heh
ThumbSkin
⋅
This is great work thanks for the break down
hamdanalhosani
⋅
Dude, where is dash chart since you are posting in dash page. Make easy lines please no need for spagetti