Very interresting price movement... slowly kreeping downwards, never breatching the trendline.
GoranTrader
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Hello, this looks like it has some potential. why did you choose to go short rather than long? Looks relatively symmetrical to me. Are you waiting for the break?
JerryRipple
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@GoranTrader, think different: maybe he wants you to go short, so he can buy more cheap XRP ;-)
@GoranTrader, Thanks for the question! Actually, what I was thinking when analyzing this chart was how altcoins have been reacting to bitcoin recently. Altcoins have been plummeting a lot compared to bitcoin and the support of 0.000034-36 has never been touched yet. This makes it a very strong buy area for anyone looking to buy xrp with their bitcoin. It is obvious that many investors are moving their crypto to bitcoin during this bear market because it is clearly more stable than other cryptos. I look at this chart and see how important this support line has been for XRP/BTC. My trade consisted of selling my xrp for btc and I am currently waiting for 0.000034-35 before selling my btc for xrp. I should acumulate about 30% my holdings if this works out. Which it is right now.
GoranTrader
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@YouHaveNieds, Well thanks for the reply. I see what you are talking about. Good eye...