Xrp: betting on a last fake out before uptrend
Updated
Xrp is probably going to shake out hodlers, expecting a possible false breakout of the pink smma, followed by a fast reversal to hit around .50$ area, a correction, and another impulse to the .90$ area (timeframe is not accurate).
Would also coincide with the Monthly Smma.
We'll see.
Scenario possibly to happen even if Btc corrects to the 10 800-10 200$ maxi area, which is not even certain to happen (11 090 hit could be a finished correction)
In case Btc drops more than expected, below 9400$ (we never know), this is the scenario to expect for Xrp.
For now, Bitcoin about to form a B wave is becoming really unlikely, this massive pattern since 13 900$ is absolutely looking like a bull market pattern, so this is a scenario to expect for Xrp: last fake out to shake out hodlers and create a quick panic (a buy opportunity), followed by an uptrend.
++
Would also coincide with the Monthly Smma.
We'll see.
Scenario possibly to happen even if Btc corrects to the 10 800-10 200$ maxi area, which is not even certain to happen (11 090 hit could be a finished correction)
In case Btc drops more than expected, below 9400$ (we never know), this is the scenario to expect for Xrp.
For now, Bitcoin about to form a B wave is becoming really unlikely, this massive pattern since 13 900$ is absolutely looking like a bull market pattern, so this is a scenario to expect for Xrp: last fake out to shake out hodlers and create a quick panic (a buy opportunity), followed by an uptrend.
++
Note
For now btc 10200 xrp .25 is doneLets not rush in and see how it behaves, because i don't like knives that much
Note
For now btc 10200 xrp .25 is doneLets not rush in and see how it behaves, because i don't like knives that much
Note
Spring at .22c
I have no idea if this is going to hold though.
Note
Weekly candle is interesting
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