As shown similarly in my macro chart of 
XRP, we again see similar macro trend lines that do matter.
While I do feel that were absolutely well into a bear market, these trend lines combined with the truncated nature this cycle and the cycle prior leave me curious of a larger shockwave at play stemming back from the 2017 market cycle top. “Will this cycle be different” is the big question we will soon have to confront. Depending on how these confluences interact will strengthen the probability of which direction the market will trend, and analyzation of how these confluences react to one another must not be taken lightly.
Since 2017, the charts might be telling us to not get too comfortable and that in this new paradigm of institutional backed digital beans, we may want to tread lightly and be increasingly vigilant to not fall into the similar rut that prior cycle timeframes have foretold.
I hope this chart helps you. None of this is financial advice, and best of luck with your current and future trades!
XRP, we again see similar macro trend lines that do matter. While I do feel that were absolutely well into a bear market, these trend lines combined with the truncated nature this cycle and the cycle prior leave me curious of a larger shockwave at play stemming back from the 2017 market cycle top. “Will this cycle be different” is the big question we will soon have to confront. Depending on how these confluences interact will strengthen the probability of which direction the market will trend, and analyzation of how these confluences react to one another must not be taken lightly.
Since 2017, the charts might be telling us to not get too comfortable and that in this new paradigm of institutional backed digital beans, we may want to tread lightly and be increasingly vigilant to not fall into the similar rut that prior cycle timeframes have foretold.
I hope this chart helps you. None of this is financial advice, and best of luck with your current and future trades!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.