See callout bubbles (Analysis). (Education piece) The BTC crosspair quotes (***/BTC) are a great way to see at what price levels and with what kind of speed capital is moving to and from BTC to other cryptos. As the chart is moving upward, XRP is gaining on BTC. As the chart is moving downward, BTC is gaining on XRP.
Could this be a picture of capital exiting BTC and moving into XRP? Only time will tell, but if we are smart, we want to be in early before the next big move in price. The price levels highlighted in green are where I believe we can do so.
Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.
Could this be a picture of capital exiting BTC and moving into XRP? Only time will tell, but if we are smart, we want to be in early before the next big move in price. The price levels highlighted in green are where I believe we can do so.
Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.
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