botje11

Ripple XRP Bullish wedge

BINANCE:XRPBTC   XRP / Bitcoin
Seems XRP/BTC is setting up for a move upwards. Past week the big support broke around 3050, but instead of a big drop a bullish wedge has been formed. This is usually a sign that a bear trap is being set. Since the first push up has partially failed already, there is some danger, but there is still a second chance. Ideally we see one more small drop in to that green zone, finding some support and slowly seeing it turn up again. If this happens, it could be the start of a second attempt up. If this plays out, the red zone will be the key level to break. If this happens, it could potentially be a mid/long term low that has been set.



Previous analysis:

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This idea is playing out nicely!
+1 Reply
sharky6666 GerbenDeZeeuw
@GerbenDeZeeuw, sarcasm?
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GerbenDeZeeuw sharky6666
@sharky6666, No it is playing out perfectly per his idea.
+1 Reply
I thought about this more and a further drop seems to make more sense.

I mapped out a new idea that shows what "could" happen after if XRP isn't dead in the short / midterm with the Halving coming for BTC. I'd love to hear your thoughts on something like this.

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Great work!
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this is nice) i think we might short xrp
+1 Reply
wildbeast Alex_Clay
@Alex_Clay, spamming others together more views on your subpar noob chart I see
+2 Reply
Alex_Clay wildbeast
@wildbeast, i am not spamming mate. I am just sharing my thoughts)
+2 Reply
@wildbeast, #triggered
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