Ripple: From Euphoria to Panic
Updated
Hello my dear Ripple (XRP) traders, hope you're doing well guys!
In this video, I show you how the sentiment can change quickly: when going up, everyone is in euphoria, when things start to correct, people panic already. I hope to give you some sober & calm way of thinking, without going from one extreme to another.
Ripple has taken out one huge weekly resistance after another: profit taking is very normal. I'll show you, up until where the correction is normal, and when the bulls would start losing control. Have fun watching! ;)
PS: Almost the same chart is also true for the direct correlation of XRP/BTC, I didn't have enough time left to go over it.
If you had some value from my analysis, give it a thumbs-up, because the video gets shown to other people then. Make also sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges if they get hacked/collapse/close.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
In this video, I show you how the sentiment can change quickly: when going up, everyone is in euphoria, when things start to correct, people panic already. I hope to give you some sober & calm way of thinking, without going from one extreme to another.
Ripple has taken out one huge weekly resistance after another: profit taking is very normal. I'll show you, up until where the correction is normal, and when the bulls would start losing control. Have fun watching! ;)
PS: Almost the same chart is also true for the direct correlation of XRP/BTC, I didn't have enough time left to go over it.
If you had some value from my analysis, give it a thumbs-up, because the video gets shown to other people then. Make also sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges if they get hacked/collapse/close.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Note
Very important also: While Ripple was dragging the whole market higher, it seems to have turned now: Grandpa Bitcoin gives the direction during the consolidation. => See my extra video on Bitcoin today.Note
Congrats to the bulls! I had a visit from my parents up until now, so didn't play anything personally. But it shows again clearly that being patient and waiting for the trend change on the Hourly, first with breaking Lower Highs at 0.468 and then at 48 cents, gave us beautiful up to 15% profits: Now the bulls are taking initial profit at the previous support zone of 52-53. Again we will be patient & see, what patterns form from here in order to determine, if the bulls can get continuation.Note
Trying to break ascending triangle/c&h to the upside right now.Note
Nice break! But even if we continue higher from here, the probability is high that we top out at 58 or 60 cents previous resistance respectively: So if you played the breakout, you might wanna take partial profit already,set your stop-loss to break even & see, if we can reach that resistance.Once we top out, we will see a nice equilibrium hopefully between our top and our new 4H Higher Low at 0.435
Note
Things are extremely tight: Break is coming! 
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