Hey! Hope you guys are doing well, just posting this and keeping it quick for now since it is late and chances are I'll make a follow up Idea in the morning but I'm so happy to see this play out! We noted in our previous Idea on XRP earlier on today that we we're expecting a big move to appear following our Wedge's close and that is EXACTLY what happened!
💡I made things simple in our previous Idea noting how amongst all factors and negative signals how Whales we're seemingly doing their work and fight to bring XRP back up to that channel we had exited over the weekend's start. They pulled us back up from that 0.36-37 mark as they filled up their pockets with the vital crypto and you can clearly see from the price action on how they brought us back into that sideways channel I've had noted and just when we we're about to get pulled back down out of that channel just how much strength the whales and market makers kicked in. I mean you an see just how impressive of a buy in they caused as they sent us from 0.387-0.40 in less than 30 minutes. A feat we've been trying to accomplish and get done this whole week was basically done in less than an hour by a few entities.
📈This of course isn't solely XRP jumping on some news or anything but most likely is thanks to Bitcoin's semi rally today from it's 29k at the day's start to the 30k range in which it is currently trending at. Now I'm happy that we basically called out this big move pretty close now and we can clearly see that whales aren't just here to let things stay down but again, if your not already, leave a follow and a like which helps spread the word and help others and share the knowledge as I am and hope to do, thank you! Now while it's great that this time our wedge closed out bullish and above 🚀 rocketing us up back to that point we we're hoping for above the sideways channel or at least within at the very least.
📊Now this is great news and all but I still want to advise much caution, this could very well be a false rally as we've seen the Market makers do and could be another move for them to wipe out/liquidate some future's trades with them sinking us back below 29/30k on Bitcoin which would drag the market back down if not even more this time, but personally it seems like even they are tired of all this red the market's been in and the global sentiment seems to be slowly improving day by day as Ukraine continues to receive new and more advanced technology creating more optimism for a hopeful end to Russia's Invasion of Ukraine within the next few months if not this quarter. So while I will say things are great in general and I'm happy.
⚠️I just want you guys to be aware and keep that in mind, this is an impulse move and you never want to jump in on an impulse move or as some say 'ride the wave' Now if you had read my previous reversal Idea and bought a few at that range it'd be different but right now my best advice is to wait for tomorrow in the least and see what happens but most importantly watch just how we trade within the channel. If we break above and stay above the channel that'll be amazing and real solid to see, however with our threat still nearby we are still at risk of being pulled back down below the channel and bearish so watch for support to form tomorrow and this week!
Without further a due you already know, leave a like and follow, share to keep tuned on updates and follow ups! And most importantly, trade responsibly and do your own DD. If your looking for an XRP/crypto analyst who's really with the space and will give you just what you need, that's me right here. I've been a trader for two years and I'd love nothing more than for you guys to help me spread my knowledge and start this amazing trading journey. Thank you and keep well!
~ Rock
💡I made things simple in our previous Idea noting how amongst all factors and negative signals how Whales we're seemingly doing their work and fight to bring XRP back up to that channel we had exited over the weekend's start. They pulled us back up from that 0.36-37 mark as they filled up their pockets with the vital crypto and you can clearly see from the price action on how they brought us back into that sideways channel I've had noted and just when we we're about to get pulled back down out of that channel just how much strength the whales and market makers kicked in. I mean you an see just how impressive of a buy in they caused as they sent us from 0.387-0.40 in less than 30 minutes. A feat we've been trying to accomplish and get done this whole week was basically done in less than an hour by a few entities.
📈This of course isn't solely XRP jumping on some news or anything but most likely is thanks to Bitcoin's semi rally today from it's 29k at the day's start to the 30k range in which it is currently trending at. Now I'm happy that we basically called out this big move pretty close now and we can clearly see that whales aren't just here to let things stay down but again, if your not already, leave a follow and a like which helps spread the word and help others and share the knowledge as I am and hope to do, thank you! Now while it's great that this time our wedge closed out bullish and above 🚀 rocketing us up back to that point we we're hoping for above the sideways channel or at least within at the very least.
📊Now this is great news and all but I still want to advise much caution, this could very well be a false rally as we've seen the Market makers do and could be another move for them to wipe out/liquidate some future's trades with them sinking us back below 29/30k on Bitcoin which would drag the market back down if not even more this time, but personally it seems like even they are tired of all this red the market's been in and the global sentiment seems to be slowly improving day by day as Ukraine continues to receive new and more advanced technology creating more optimism for a hopeful end to Russia's Invasion of Ukraine within the next few months if not this quarter. So while I will say things are great in general and I'm happy.
⚠️I just want you guys to be aware and keep that in mind, this is an impulse move and you never want to jump in on an impulse move or as some say 'ride the wave' Now if you had read my previous reversal Idea and bought a few at that range it'd be different but right now my best advice is to wait for tomorrow in the least and see what happens but most importantly watch just how we trade within the channel. If we break above and stay above the channel that'll be amazing and real solid to see, however with our threat still nearby we are still at risk of being pulled back down below the channel and bearish so watch for support to form tomorrow and this week!
Without further a due you already know, leave a like and follow, share to keep tuned on updates and follow ups! And most importantly, trade responsibly and do your own DD. If your looking for an XRP/crypto analyst who's really with the space and will give you just what you need, that's me right here. I've been a trader for two years and I'd love nothing more than for you guys to help me spread my knowledge and start this amazing trading journey. Thank you and keep well!
~ Rock
