I have been looking at the XRP(Ripple) and BTC (Bitcoin) pair and I found there was a good breakout of small triangle #1 and there is another possible for triangle #2 breakout. When this happen it might go either of way. If it goes bullish book your profit at 0.000167586 BTC and if it goes bearish you might go till 0.00067410 BTC
Hi, if on January 16 when BTC gave $ 8.9ky minimum and XRP of $ 0.84, the XRP-BTC pair gave 0.000094 and the evolution of both currencies is now correlated, as you analyze a fall below the previous minimum to reach that value 0.00067. Should both fall to values less than BTC $ 7k and XRP $ 0.000045 ??? That projection do you have?
investngopal
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@gusccbb, I have a thought on BTC as well because all cryptocurrency are co related after all. So according to the bearish trend when btc has a downtrend which might bounce at 8K the XRP will soon reach as low as 0.0000067 but i have not thought of it going less than that.
gusccbb
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@investngopal, Thank you. it's a complicated market moment