If we look at the XRP/BTC chart we can see how the price has been squeezed for long over the past few days with the 8W SMA, as the price continues to edge slowly upwards yet failing to breach and close successfully above it across different time frames.
I chose the 4H chart to show how close XRP/BTC is getting from either popping up or getting nailed down. Many Alts, especially the dinosaurs, share the same TA. That said we will either witness Alts Season starting soon, or will continue to trend in this boring bloody swamp.
Note, technically XRP is not a buy as per Ichimoku Cloud. But the fact that it is being squeezed on the support makes it attractive for me to continue betting on.
I chose the 4H chart to show how close XRP/BTC is getting from either popping up or getting nailed down. Many Alts, especially the dinosaurs, share the same TA. That said we will either witness Alts Season starting soon, or will continue to trend in this boring bloody swamp.
Note, technically XRP is not a buy as per Ichimoku Cloud. But the fact that it is being squeezed on the support makes it attractive for me to continue betting on.
Unless you figure a way to make money while you sleep, you’ll work till you die.