XRPBTC [Daily] Why Im NOT bullish Ripple (yet) ?

Some may call me crazy but I'm not bullish here yet. Looks like we may see repaint of one of the previous patterns ( visible on the chart ). My favorite is the first one from the left, means we may see attempt to break higher followed by sell-off. What I'm trying to say is that I would try to avoid to chase price here.
The only diffrens with this one is that it starts moving up slowly while the other ones keep going down ;)
+1 Reply
@liiten, Hi Liiten, thx for comment, I think I do understand and that's the reason Ive mentioned that the one to the very first left i my favorite. So i do expect HH and then we will see. Please dont't get me wrong Im not saying it's very bearish, what I'm saying it's not bullish yet for me and the price action around latest high (100k to 120k ) will tell Us more from long term perspective, I believe. Have a good one.
I think it all depends on if they announce xrapid at swell. If they don't people will just sell until they hear from ripple again. XRP has tendency to dump after major figures endorse it. Bill Clinton has the potential to make the coin move big time, up or down, we'll have to see. Either way, I wouldnt expect nothing to to happen. I got my holding cut in half by waiting for one last dump down to .13 so I'm kind of crawling inside at the idea of selling now, at a small profit, hoping it'll dump, or holding and waiting for the next big break.

My foolishness in expecting lower prices may be the biggest mistake I ever make so I'm hesitant to repeat
+1 Reply
@BMLemon, great comment thx, my way of thinking is to buy deeper dip ( as it happened previously ) or to buy after the breakout to the upside but after some kind of consolidation ( which my suggest they don't want to follow previous patterns )
BMLemon CryptoMarketFlow
@CryptoMarketFlow, for sure, I feel like it's a game of cat and mouse. Trying to figure out what the MMs are going to do
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