I see a head and shoulders forming and based on how hard BTC pumped these past days it makes sense that it would retrace a this amount.
The Pivot Reversal Strategy has turned out to be an interesting one because I have yet to get screwed over by it on large time frames. Using this indicator to make trades on smaller time frames can lead to death by fees in the long run, but always seems to make up for small losses with big winning moves (particularly on the hourly charts). I am very bullish on XRP...
This is my first published idea so forgive me if overly simplistic. Based on the Pivot Reversal Strategy alone, the Daily Chart gave me a buy signal 3 days ago. An Hourly BUY signal just came in which is confluent with the Ichimoku cloud and a breakout of the symmetrical triangle which has been forming for the past few days. Not pictured here, but also brought...