cryptocurrency market price update and prediction

Hello Steemians! It has been a few days I know, everything going according what was predicted,using the XRP chart, not much to add on XRP. Going in the expected direction, but slowly.

In my last post there was a buy signal given by this setup. Yes it's my favourite, because it's the most reliable I've found so far.It's a tendency following setup, those always give good impressions :)

Now I bring late analysis about Bitcoin(since the signal happened one day ago).

You know that due to past performance, I tend to give more importance to the XRP chart to predict the overall market movement, but one cannot simply deny Bitcoin's popularity importance to the overall tendency of the market.

Given that cryptocurrency is a fairly new subject and it's history is short, I cannot confidently say where this movement is headed. The previous buy signal lasted two days and on the 3rd it collapsed, we can say it was a false one, still a $2000 rise in the price of Bitcoin. The buy signal before that one lasted a month, and culminated with Bitcoin reaching $20.000, back in December 2017.

My prediction is: that the Bitcoin price is headed to the same mark, $20.000. What will happen after that, we will try to predict it when we get there. If this movement turns out to be a good one, you can expect the rest of the market to go crazy. When this happens, I'll use other indicators and stare at the XRP chart (mainly) to predict the next change of trend.

It took two months for Bitcoin to climb down from $20.000,and give us another buy signal. From experience we know bull runs happen faster, having no way to predict the exact time, expect around the same amount of time for this objective to be reached (less than two monts).

In the chart we can see the price also went above the 0% Fibonacci retracement, setting the next short term resistence(38,2%) around $13,200, althou using the common support and resistence lines one could argue other objectives($11,600), for now let's stick to Fibonacci.

This is just my prediction, don't use it as financial advice.

For my predictions, I use a technical analysis trading setup I explained here, and also my knowledge of other setups along with common support and resistence lines, and Fibonacci levels.