This is a tough spot right now. Im sitting on my hands awaiting direction. As you can see in last post, T1 was hit. T2 and T3 may or may not be ignored.
I dont believe 3420 was the bottom. On 1H and 4H BTC broke under my support line after hitting key levels. I have this up because I use BTC to trade XRP. I do not trade BTC but as stated in a recent publish I use BTC as an indicator. Im expecting a spike similar and much bigger compared to what happened on 09/18/2018 - 09/21/2018 (on XRP) which was about a 200%...
I dont use indicators besides my eyes... or BTCUSD but I saw this on the 1minute and 30minute time frame which I rarely use. Took a sell from what I also saw with BTC on MT4
0.339 resistant and key level being respected or possible retracement and that can be broken today. Wait to see. I'm still bias on 0.275 or potentially lower. Due to history the middle of a spike is always a spot to keep on eye on. That's just a rule of mine but it's not set in stone just as much each traders bias direction isnt set in stone.
Last post gave this...
My analysis and thoughts
Do I think we hit bottom? Not really.
This spike of today was only due to an announcement and we've had many of those but yet we are still below 0.50. Many announcements have happened only for xrp to come back down. You could say regulations or not enough customers or etc, price still fell. Do I believe xrp will go higher? Of course but...
