I took a long trade here on xrp. I like the trendline it has been holding. The 4hr chart looks nice with upticking histogram, bullish rsi, and a potential bull macd cross in the next few hours.
In the macro picture we can see dominance has declined, however btc price has maintained. This tells me there are orders holding the price up as money flows into alts. The market may like this chart. I'm targeting the 4hr 200ema :-)
In the macro picture we can see dominance has declined, however btc price has maintained. This tells me there are orders holding the price up as money flows into alts. The market may like this chart. I'm targeting the 4hr 200ema :-)
Trade closed manually:
2% loss. Closed as btc broke ascending triangle bullish and possible alts dump incoming.
Trade active:
We have reopened xrp in vip, that's an ugly wick on btc and dominance threatening it's trendline.