Bullishness in Despair
There is a minority probably that XRP may have bottomed out and may begin some significant appreciation, uncoupling (for a time) from BTC. To wit, we are maintaining the 50 SMA on the daily with a spike down deep through it, but the full body closing above it. Very important also is it appears that we are setting a higher high with the Stoch RSI cycle. From bottom to bottom it took 4 weeks and we posted 12% gains.
The bollinger bands also tell a bullish story. After stabbing trough in late Sept the price appreciated very nicely. The spike down this time had a longer lower wick, but penetrated the BB by a lesser margin.
XRPBTC is also looking very, very bullish, golden cross looks inevitable.
I also want to point out what happened in Dec 17 after BTC peaked and the alts ran up and BTC ran down.
The bollinger bands also tell a bullish story. After stabbing trough in late Sept the price appreciated very nicely. The spike down this time had a longer lower wick, but penetrated the BB by a lesser margin.
XRPBTC is also looking very, very bullish, golden cross looks inevitable.
Note
Sorry, the copy paste got me. Note
If it’s alt season I’ll use XRP USD to generate cash and ETHXBT to stack sats.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.