CryptoManiac101

BTC PAIR LOOKS BAD, BUT USD PAIR LOOKS SEXY - CryptoManiac101

BITSTAMP:XRPBTC   XRP / Bitcoin
XRP / BTC TA

This is a tough one for sure. On one hand we have adoption, huge partnerships in the works and suspense of Xrapid going live on much broader scale. We also have USD pair which looks very bullish and is due for breakout any day now. If we were to look strictly at this chart as just any other stock, we start to turn bearish as we see 6 month of heavy accumulation hanging on to weak 7800 support zone .

Sentiment in the market is surely bullish and we are also bullish on XRP / USD and XRP / BTC however with that said we would not recommend to LONG this one on Bitmex with high leverage or several stop losses.

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Comment: Keep an eye on this parabolic curve formation on Bitmex

Comment: 8150 on Bitmex can be considered validation of bull pattern on firm close
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