This isn't about BTC though although its good news to crypto traders who bought BTC when it was very low that BTC is now above 20k and its growth is also affecting some other alts in a way. For newbies or inexperienced crypto traders, please do not develop FOMO and buy coins because of the noise from traders presently. If you not know how to decide, make sure you...
My XRPUSDT chart doesn't have much to say apart from the fact that a channel and two zones can be identified, one on the main chart and one on the indicator. The zone on the indicator indicates XRP former bull run which became overbought on the RSI. I believe part of what caused it was the consciousness of an upcoming flare network token airdrop named spark which...
Sometime ago, I made a post about this pair which I stated how price above a certain level might confirm a bull run which might favor swing and position traders. LINK TO POST There are possible entry positions that could be taken advantage of. Continue reading this thread below.
Most people who stop with the 1 day timeframe seeing the breakout might be waiting a slight pull back so they find entries and go long. This might be effective if you are a scalper or day trader. For traders that will hold their positions for weeks or months, let’s take a look at the weekly and monthly. A thread:
On the weekly timeframe we have seen a a double bottom formation at large which it took about 4 years to form and also on recent price. I have identified the double bottom neckline on recent price. A decent close above that zone can be a good confirmation to go long in which the first target should be the previous double top neckline formed around 2017/2018 since...