XRP will probably breakdown

putting together some premises like:
-bitcoin started new wave 3 to upside with it's massive 40% rise.
-CME futures Gap on bitcoin suggests a break to 8500 level.
-when bitcoin is in a bull market alts cant move dramatically to the upside
so i think in this bullish move alt's will break to lower levels again and XRP is among them. i'm considering at least 0.02$ drop on XRP. consider to short when we break the 200 hourly SMA. it showed a lot of significance historically. more significance is where XRP breaks 200 hourly and then makes a new low. i will post some examples.

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200 hourly SMA,
1-break
2-test
3-new low

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A bullish example
1-break
2-test
3-new high

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another bullish example

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false signal and what you should do.
when getting false signals you should draw two horizontal line and then not to try trade in that area.

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i should have mentioned that grey line is 200 hourly SMA
another bearish example:

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example of a Not-a-signal !

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Again another example:

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another bullish example:

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Bad signal:
(Always put a stop loss, at least at 5% loss, i use 3% max)

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It seems that i was wrong, there is possible a diamond bottom formation on xrp.

farzinsabbagh

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farzinsabbagh