Hey traders, today we're looking at XRP/BTC ratio chart. First off, it's pretty obvious that an altcoin season is underway. The Bitcoin dominance has peaked at around 72% and is having a hard time breaking back over support at 69. Meanwhile, all of the alts have slowly but surely been gaining satoshi value, and that isn't just going to reverse anytime soon.
Take a look at the 1st and 2nd wick on this chart, those wicks marked the absolute bottom of the market. It's delusional to think we're going back down there. XRP/BTC has also regained support of it's long term uptrend stending from ALL of the previous altcoin season run-ups.
The wedge I drew is basically just a resistance line at 3292 sats , confirmed uptrend from the 2nd wick. Just take a look at how the candlesticks interact with all of the lines I drew, trading really is just clockwork.
The big orange candle that wicked down below the long-term trendline, 3054 sat support, and the 3292 sat wedge is not something to take lightly. That is one of the craziest moves i've seen charting. XRP/BTC isn't going to dip farther than this, as of now it looks like its holding 3054 sats very well and consolidating.
Going into the month of November, we should continue to see accumulation around this region of 3054-3292 sats, until we inevitably break upwards.
XRP/BTC is a very easy altcoin to trade, its actually my favorite besides BAT and ZRX to make money. This is one of the most volatile altcoins with the most volume on all exchanges. I personally like Binance, just because of the simplicity. Like I could be on the toilet and make a trade directly from my phone using their app. If you live outside of the US, I suggest joining my signal group and creating a Binance account so you can make money with me.
NEW Trading Group: t.me/easylootgroup
NEW Signal Group: t.me/easylootsignals
Binance Sign-Up: www.binance.com/en/markets?ref=173299...
As always do your own research, I am not a financial advisor.
Take a look at the 1st and 2nd wick on this chart, those wicks marked the absolute bottom of the market. It's delusional to think we're going back down there. XRP/BTC has also regained support of it's long term uptrend stending from ALL of the previous altcoin season run-ups.
The wedge I drew is basically just a resistance line at 3292 sats , confirmed uptrend from the 2nd wick. Just take a look at how the candlesticks interact with all of the lines I drew, trading really is just clockwork.
The big orange candle that wicked down below the long-term trendline, 3054 sat support, and the 3292 sat wedge is not something to take lightly. That is one of the craziest moves i've seen charting. XRP/BTC isn't going to dip farther than this, as of now it looks like its holding 3054 sats very well and consolidating.
Going into the month of November, we should continue to see accumulation around this region of 3054-3292 sats, until we inevitably break upwards.
XRP/BTC is a very easy altcoin to trade, its actually my favorite besides BAT and ZRX to make money. This is one of the most volatile altcoins with the most volume on all exchanges. I personally like Binance, just because of the simplicity. Like I could be on the toilet and make a trade directly from my phone using their app. If you live outside of the US, I suggest joining my signal group and creating a Binance account so you can make money with me.
NEW Trading Group: t.me/easylootgroup
NEW Signal Group: t.me/easylootsignals
Binance Sign-Up: www.binance.com/en/markets?ref=173299...
As always do your own research, I am not a financial advisor.
