This is not meant to be an in-depth or professional analysis. Just a few short notes on the XRP/BTC pairing over the last two days. XRP is on a march, which I haven't seen in a long time. Normally, she just bounces to fill the gap and soon returns. This time, instead of blowing through the 4 HR resistance with no foundation, we're building one. Thus far, we've found support on the 1HR, 2HR and 3HR frames. Not exactly a sure thing, obviously, but it is a change. The order books are looking less like a bot pit and more like a slow fomo.
As the old saying goes, "...be greedy when others are fearful."
$0.30 was never an important support for me, and I couldn't care less about who sold what. Scale in, scale out. Use stops. Wu-tang.
As the old saying goes, "...be greedy when others are fearful."
$0.30 was never an important support for me, and I couldn't care less about who sold what. Scale in, scale out. Use stops. Wu-tang.
Comment:
Support on 4Hr. RSI breaks from its wedge.
