XRP: Downtrend startingRipple has been following the SMA 26 line for a while and should be expected to continue following it. You can tell that this is a strong support/resistance line because of the strong breakouts and breakdowns and how the price either stays above or below this line for noticeable periods of time. This pattern is also visible on the 1 and 2 hour chart.
Historyrepeatsitself
Hindsight on IOTA and BTCLooking back, there were plenty of opportunities for growth. Following the trends, we should be expecting IOTA to be a 'shelter' to BTC's losses.
It might be coming up on another opportunity to switch 1 or 2 more times before the end of the IOTA trial period with the major participants.
Bitcoin - Future possible PredictionsAs an average we had a factor of 1.5 from each 'ATH' to the next, but we also can see that the movement in summer was with 1.85 much higher than the last with only 1.17..
The question here is does the adaption of many people change it again to a higher factor or does it stay lower..
Option 1: 19.7k * 1.05 = 20.685k (smaller with every atempt)
Option 2: 19.7k * 1.7 = 33.49k (like the last bigger correction Summer and September)
Will history repeat itself?There are a lot of patterns on the big chart that seem to repeat themselves a couple times. BTC is beyond the paradigm shift in trading. It's mind boggling to see how far it has come and just looking at that near straight line on the overall chart is quite a view. All it takes is one more negative news and tower will collapse.
BTC - Can history repeat itself?BITFINEX:BTCUSD 's attempt at the $3000 ATH in June 2017 was followed by an the initial selloff, then several weeks of sideways movement, before a huge plunge to $1850 (a previous high) before beginning the move upwards towards $5000.
Will we see something similar now?
Perhaps a period of sideways movement, followed by a plunge (perhaps toward $3000 - June's previous high), before continuing movement upwards to $5000 - and beyond.
Strategy: Short, then Long
Does STRAT/BTC lightning strike twice?Can history repeat itself with STRAT/BTC? Current patterens over the past 2 weeks are looking awfully similar to those at the end of May. RED lines replicate an almost symmetrical V. BLUE lines represent a bearish trend followed by a quick spike up. GREEN lines are a widened version of the red. And finally the lengthened YELLOW downtrend. It was around this time that the resistance line was broken back in May. It was then followed by a 100% spike over the next 2 days.
Do not take any of this as investment advice. Just starting out with graph analysis so any feedback would be much appreciated :)