XRPUSD price bounced from strong support structure, and after a strong fall I expect the price to range/consolidate before moving higher, wait for price to form a consolidation then buy/sell depending on the breakout, Don't Buy or Sell amidst chaos...
Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Hi there...lately I saw some interesting videos about Wyckoff distribution and this seems to plot almost 1:1 to the latest Bitcoin rally. However: when I look at XRP, this pattern is nowhere to be found. Strange thing is that it seems that XRP shows the same each time again: a steep advance and then two major peaks that are both lower each time...instead of higher. As if it's a reverse Wyckoff. Can anybody explain that?
naveenkumarcm29319
⋅
In your other recent post about BTC you mention bearish signal, but for altcoins like XRP, ETH, Dodge you mention it as Bullish in longterm. This is contradicting the corelation btw BTC and altcoins which we have noticed so far. Could you elaborate why you feel that or now with recent developments you feel BTC will be bullish?
tdeancline
⋅
@naveenkumarcm29319, Because proof of work does not work and is cumbersome, expensive and slow, Bitcoin is now being untethered from many alt coins. Coins such as XRP, XLM, AAVE and more have much better utility. People will eventually realize that a better product long term will always win out and be worth more.
tdeancline
⋅
@tdeancline, and people are presently realizing this truth, you ain't seen nothing yet with XRP and XLM it is a very honest system which will be the downfall of many, even bad people within their own companies!!!
TopTradingSignals
⋅
that scenario is possible indeed!thanks for sharing!