Who the heck knows? To confidently say the correction is over, we need to wait for lagging indicators which will not catch up in the short term.
I am considering this xrp long position as the 1.618 ext. of the first leg up meets the previous $1 resistance.
I am not in at the moment, I will only enter if my wave 3 and 4 targets are met.
If my wave 3 target hits, I will ladder my order at green box and target around ~$1.
If wave 3&4 are not reached as predicted, there will be no entry for me.
you can enter now if you have fomo. For me, there are endless opportunities. I don't mind missing out a few days. I have come to learn that my desire to not experience the psychological turmoil of getting trapped far exceeds my greed to make a few more % gains.
If we don't have targets that are based on logic, we will enter in greed, and exit in pain. This is just system1 (heuristic/intuition) and system2 (deep thought) at work (from Thinking Fast and Slow).
I would say xrp is one of the coins I feel pretty in sync with. (chart wise)
The 4 hour candle is closing in 10 minutes, if the bulls does not push the candle to green, I will be shorting.
Shorting with above EMA50 as SL.
I'm heading out now, take care traders.
i think it will follow the bounce of btc
Not opening long since it is my opinion that btc will correct further.