FerroIgnique
Long

Bullishness in Despair

BITSTAMP:XRPUSD   XRP / U.S. Dollar
212 views
10
There is a minority probably that XRP may have bottomed out and may begin some significant appreciation, uncoupling (for a time) from BTC . To wit, we are maintaining the 50 SMA on the daily with a spike down deep through it, but the full body closing above it. Very important also is it appears that we are setting a higher high with the Stoch RSI cycle. From bottom to bottom it took 4 weeks and we posted 12% gains.


The bollinger bands also tell a bullish story. After stabbing trough in late Sept the price appreciated very nicely. The spike down this time had a longer lower wick, but penetrated the BB by a lesser margin.

XRPBTC is also looking very, very bullish , golden cross looks inevitable. I also want to point out what happened in Dec 17 after BTC peaked and the alts ran up and BTC ran down.
Oct 23
Comment: Sorry, the copy paste got me. The blue line on this is after BTC hit it’s all time high with USD and started to bear. We had a proper alt season people tried to shelter the storm in ETH and XRP. ETHUSD was a great place to be the last month.
Oct 24
Comment:
If it’s alt season I’ll use XRP USD to generate cash and ETHXBT to stack sats.

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