At the dawn of this bullish reversal I decided to put 0 (zero) btc on ripple. With all that altcoins popping was a hard but great choise.
3 weeks ago I was preparing a long entry on ripple, but arrived at support I felt me not sure at all and I left ripple doing his oversold bounce.
My initial trading idea was based on RSI cycles (cyclical high and low) EMA 50-200 convergence and rejection (green ovals) with strong green candle at the approach of the 200 EMA. I was dreaming the moon , but...
But... RSI descending top and bottom (aggressive downtrend) 1 st EMA cross (red oval) after 2 rejection. Too much negative signs for me. So I stayed away.
Furthermore Look at the weekly candle where is closing under the 200EMA...
It seems to go to five zeros .... until someone decides to pump it
BMLemon
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If the last 2 yrs of crypto has taught me anything is that when hype starts to build about something, expect a whale to feed the minnows more than they can handle. I can't get over the fact that these XRP youtubers have gotten their followers to fill the bags off of hype, there really isn't anyone else interested in XRP unless a whale decides to pump it. I'll buy XRP once it's around .05 bucks, and go hard.
agent474
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Thank you for your work, that's truly global!
I tried to look at this more local, I mean, lower timeframe. Mine decision is to buy XRP here and sell 20% higher, take a look: