Crypto Banter Signals
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BTC: Bitcoin has broken above initial resistance. This means that at least wave (B) is unfolding (blue scenario) or that wave (4) has already formed a low. If wave (4) has bottomed, then only a micro 5-wave move to the upside can confirm this.
BTC: Price has reacted to the 61.8% resistance level at $124,070. We’ve seen a clear 3-wave advance in the blue B wave, and now… what do my tired eyes see? A five-wave decline from the overnight high - which I’d label as wave 1 of circle wave C to the downside.
It’s quite possible that price is now unfolding a wave (2) corrective rally, before eventually starting a third wave of the C wave down into the support zone.
The 100% extension, which marks an ideal target for circle wave C, sits around $118,700, though price could dip slightly lower depending on how the structure develops.
For now, the blue scenario remains in control, suggesting we are likely working through a larger wave ív correction.
SOL: Solana tested the 88.7% retracement level today. A break above $200 is now the next objective for the bulls. This level needs to be broken to even consider that a low of sorts has formed.
BTC: Bitcoin has started to recover this weekend and short-term micro support is located between $113,569 and $114,864. $119,487 is the next upside fibonacci level to watch.
BTC: It seems that Bitcoin wants to test the $107,570 - $110,180 area again. The chart looks weak. A break above the B-wave high at $113,730 is needed to indicate that an upside reversal may have started.
SOL: The price has formed wave 5 of (c) to the downside. The C-wave looks complete. Now we need the bulls to show up. The chart is prepared, and the reversal candle is promising, but we need to see more evidence that a low has formed in wave ii.
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ADA: The price is currently holding above the lower boundary line of the trend channel, but without a break above the yellow descending trendline, the price remains capped. I still see the possibility for another rally to $1.79 but there is no clear short-term setup for this at the moment. ADA has spent the entire year in a sideways range.
BTC: It looks like Bitcoin made a decision. The June low at $98,000 is the next support level. This is also where the 55 week exponential moving average is located. The nearest resistance area is located between $107,964 and $110,124. Wave (4) could start shortly.
ETH: This is how a 5-wave move to the upside would look like. The Ethereum bulls still have some work to do.
AVAX: Price is currently testing the micro support zone between $18.20 and $20.67. The structure remains unclear at this stage and provides limited confidence. As long as price holds above $18.20, the yellow scenario remains valid. It should be noted that the next upward move could also represent wave C of wave 2 within the blue scenario.
XRP: First reaction to resistance, but the downside move is too weak to confirm a price top in wave (B). A break below $2.32 is the first signal that wave (B) might have formed a price top. So far, this movement still fits within a broader sideways price range, with no confirmed breakout in sight.
A meaningful bullish signal would require a clear move above $2.59, followed by confirmation through $2.69 and $2.84. Only a sustained advance beyond these levels could indicate the start of a more durable recovery phase, opening the path toward the long-term resistance around $3.40.
Until that happens, the overall structure remains corrective, keeping the door open for additional sideways or downward movement. The price has not done anything meaningful in the last 10 days.
BTC: Price remains within the first resistance zone between $109,515 and $112,485. A key decision point may form here today, with expected volatility around the CPI data release.
If Bitcoin is rejected from this zone and breaks below this week’s low and the key support at $105,825, the next downside target opens toward $98,500. Conversely, if price holds strong, avoids a clear five-wave decline, and breaks above $112,485, it would open the path toward $117,611 - the first ideal target for the orange C-wave in the orange scenario.
In the white scenario, wave 3 should reach at least $121,990. In short, Bitcoin is currently in a decision zone, awaiting a catalyst to confirm the next directional move.
ETH: Ethereum should ideally hold above $4009 now to keep the short-term upside momentum alive.
BTC: Bitcoin is still trying to break above this week´s high. Bitcoin is currently consolidating around the 50% retracement level at $113,430. Ideally the price holds above today´s low to keep the upside momentum intact.
SAND: I really do not see anything clearly bullish here. Of course the price can attempt a recovery rally, but I always said I do not expect all-time highs (I could be wrong, but it does not look like it). This means, if the price recovers, the move to the upside is likely a B-wave. A break above $0.34 is needed to signal that an upside reversal is underway. The structure on this chart is not very clear, which means it is best to avoid the chart.
BTC: We have a 5-wave move to the downside now but before I make any adjustments to wave structures, I want to see how the market reacts here. No scenario is invalidated. The 4 hour timeframe is now oversold. This does not rule out further downside, however. The daily RSI can easily drop further. The risk of a decline to $99,000 remains real. This is where the 55 week exponential moving average is located. However, with a 5-wave decline, we should soon see at least a corrective bounce. $110,757 - $114,478 is the next resistance zone.
XRP: Not much is happening at the moment. The price continues to move sideways and remains below the first resistance zone between $2.48 and $2.59. That is the key area to watch in the next sessions. Only a clear break above it would likely trigger another attempt to reach the main resistance zone between $2.69 and $2.84, marked by the yellow and green lines. This zone is still the most important barrier in the current structure.
As long as price stays below it, the market remains under mild downward pressure and within a broader sideways range. Inside that range, the micro resistance at $2.48 to $2.59 sets the short-term limits. The latest move down from this week’s high looks more corrective than impulsive, showing that the market is still lacking clear direction.