FerroIgnique

Forcast is Pain.

Short
BITSTAMP:BTCUSD   Bitcoin
All the indicators reveal that this is it. We have our local high and doom is nigh. The RSI is downward, the stoch and stoch RSI are all bearishly crossed. Its only a matter of when. This -2% today aint nothing. I'm not saying there isn't some more gas in the tank and we could go up, like a swimmer failing to keep their head above water.

But, as bad as this is, I think XRP is worse
Whereas bitcoin has surged hard enough to wipe out the bearish divergence its all over XRP; its hard to notice in some places, but the slope on the indicators is positive while the slope on the is very negative.

I don't have any targets. May people talk about sub 2k. I'm going to watch the Stoch RSI go from 100 to zero on the weekly, the length of the pitch, wall to wall. My short in ripple is active, a small start that I plan on building, all reserve currency is fiat.

Not advice, a blog. Input appreciated.
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.