Well well well what do we have here? Has a correction turned around? Whilst everyone was saying the bull run was over and the market was set to crash under $42K.. WZRDs stay composed and now have 11 trades running
Bitcoin is having a breakout above $50,000 as expected. I mentioned the day before yesterday that it will take less time to break above $50,000, and it did. $55,000 is the next major WZRD resistance.
XRP hit $0.4600 as soon as XRPBTC spiked. We need a breakout above $0.4600 and need a good bullish move from XRPBTC which we should get soon. As I’ve been calling for a very long time.
2021-02-28 05:20:15
There are no major changes in Bitcoin today but it is important to note that these doji candles are absorbing the bearish momentum in Bitcoin which is a good thing. Above $44,800 Bitcoin is positive. However, we have to wait for a solid Daily candle to get Bitcoin’s next direction. A few altcoins will gain market cap if Bitcoin moves slow. Ethereum and Litecoin will follow Bitcoin but their satoshi chart is ready to move bullish. XRPBTC is looking more bullish now and we should get a bullish spike anytime which will easily push XRP above $0.4600. That would trigger the possibility of the inverse H&S. I will scalp tomorrow if the chart remains calm and if we get good locations. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.
2021-02-27 05:52:29
Bitcoin’s latest development is constructive and I’m expecting a bullish move from here. However, for a bullish move we need a Daily closure above $48,000. This would increase the chances of a breakout above $50,000. On the other hand, if we get a breakout below $44,800 we will see a further bearish move from Bitcoin towards $37,600. Bitcoin does not have a bearish pattern at the moment for a reversal to take place. Moving to $37,600 would simply be a corrective move and one more swing to the upside should be expected. Ethereum and Litecoin will follow Bitcoin’s direction. Their own price action is not as important now. XRP is simply responding to Bitcoin’s price while XRPBTC is gathering strength to become bullish. We will get a bullish spike in XRPBTC anytime now. Any news which is not very negative would actually mean bullishness for XRP. This would trigger a bullish bias across the XRP community. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.
C
