Boo! Happy Halloween everyone! It must be Halloween because I am handing out some awesome treats today!!!
Earlier I posted a potential bearish fractal for XRP, which I have been following for several weeks. But this comparison pattern to BTC has been on my radar for a LONG time. At this point, I am not willing to label it as a 'fractal', but rather a very similar pattern. And yes! There are truly some differences, but I believe the overall pattern is strong enough in order to view it as "LIKE" kinds!
Here is the important concept to remember about patterns. At any point in time, they can 'morph' into something completely different. In other words, there are no guarantees that XRP will now follow the same path out of the trenches....possible, but not necessary!
So, where does this leave me as a trader as I toggle between 2 very similar patterns? I await XRP's next price move!
Have a great day!!!
Earlier I posted a potential bearish fractal for XRP, which I have been following for several weeks. But this comparison pattern to BTC has been on my radar for a LONG time. At this point, I am not willing to label it as a 'fractal', but rather a very similar pattern. And yes! There are truly some differences, but I believe the overall pattern is strong enough in order to view it as "LIKE" kinds!
Here is the important concept to remember about patterns. At any point in time, they can 'morph' into something completely different. In other words, there are no guarantees that XRP will now follow the same path out of the trenches....possible, but not necessary!
So, where does this leave me as a trader as I toggle between 2 very similar patterns? I await XRP's next price move!
Have a great day!!!