If I take a MULTICOIN approach there are a lot of trend line that are at -20% from now. To validate this idea, Bitcoin have to break down at 6000. (I see as really improbable that ripple will go further down if bitcoin beginn to grow again).
for that you can refer at the MULTICOIN approach with reevaluation of the situation at each time.
actually we are still not ready to break down
price as jumped very rapidly from the support yesterday, which for me is a sign that for the moment bears will have difficult to break down. on the other hand, bulls failed to push the price strongly up.
For this reason I see In the short term a relevant price decrease very improbable. So actually I'm in.
If I look at the fractals, then look at this one.
if this pattern repeat, the more probable thing is a rejection of the channel resistance, and break down to -20% from now.
BIO
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MULTICOIN approach
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Bitcoin want to go more down .
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Big Bullish bat on neo.
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Channel resistance
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Channel as been broken. As espected first resistance is the dotted orange line. After a break up of the downward channel i wait for more upward movement. It s to reevaluate if it will arrive to the resistance of the big downward channel
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So easily at target.. More up still possible
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BUtcoin test the descending trendline from ath and the resistance of the inverse head and shoulder. Too good to be true , a break out above this level will be strongly bullish
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A nice adam and eve double bottom.
The break out of the first orange line will bring ripple to 0.6. This will invalidate the idea of a return to the mean.
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my bullish termometer is slightly changing idea about the very short term. The correction of bitcoin that I was waiting is very slow Every thing is slightly becoming rounded... here an idea for the long term on ripple.
for the short term I just published a possible cup and handle on EOS. Bitcoin is sinking relatively less as I expected