XRP/BTC: The Ripple Question *Highly speculative*
Schiff pitchfork using points 1, 2, 3. These channels have been valid for all historical XRP price action.
Profit potential on right side: ~300%+
Oversold RSI, similar patterns for previous huge returns on both stoch and regular.
Support at 2600 hasn't yet been touched, nor broken, was used for previous pumps
My previous XRP TA (below) resulted in being stopped out, but now is the time to ask if there will finally be a reversal. Essentially, a return to median seems possible, and would net huge returns. On the flip side, the question of whether XRP may die completely here should be considered. For that reason, a stop is definitely necessary for this trade, and it may even be a good idea to short XRP on its demise.
Bagholders have been capitulating for weeks, so this may be the biggest reversal yet. Could news help this to unfold?
*Not financial advice, just an idea*
Profit potential on right side: ~300%+
Oversold RSI, similar patterns for previous huge returns on both stoch and regular.
Support at 2600 hasn't yet been touched, nor broken, was used for previous pumps
My previous XRP TA (below) resulted in being stopped out, but now is the time to ask if there will finally be a reversal. Essentially, a return to median seems possible, and would net huge returns. On the flip side, the question of whether XRP may die completely here should be considered. For that reason, a stop is definitely necessary for this trade, and it may even be a good idea to short XRP on its demise.
Bagholders have been capitulating for weeks, so this may be the biggest reversal yet. Could news help this to unfold?
*Not financial advice, just an idea*
Comment:
A filled gap and interesting trendlines on the OBV (Binance)
Order cancelled:
closed at 3250 with a 15%+ profit. relegating this to a paper trade as it doesn't seem likely. if xrpusd breaks out, maybe I will think to re enter.
Comment:
Trade was reopened yesterday @ 3k sats. Could've accumulated lower, but glad to buy back in with a profit still.
Trade active
