Hello my dear XRP/Ripple traders! ;) Hope you're doing well guys.
Just like shown in the latest idea, we were in a descending pattern, which is now turning into pretty much wedgy, and touching the same previous lows at 25 cents. => The wedgy pattern will see a break coming.
Of course, even if we break bullish out of here, it doesn't mean the bulls have to follow up, because it will depend on if grandpa can break its resistance at 6.400.
So for the case Bitcoin breaks bearish, we can still break this wedgy pattern bullish, consolidate, and break lower.
=> All in all: A no-trade zone for me personally.
Have fun watching! ;)
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. For short trading: Please be aware, that you can lose all your money on Bitfinex if Tether blows up one day/and or they just close, (respectively on Binance, if you're holding Tether there), as compared to Coinbase, who do not offer short trading, but who have at least an insurance up to 250k. Dollars as they state on their homepage.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Just like shown in the latest idea, we were in a descending pattern, which is now turning into pretty much wedgy, and touching the same previous lows at 25 cents. => The wedgy pattern will see a break coming.
Of course, even if we break bullish out of here, it doesn't mean the bulls have to follow up, because it will depend on if grandpa can break its resistance at 6.400.
So for the case Bitcoin breaks bearish, we can still break this wedgy pattern bullish, consolidate, and break lower.
=> All in all: A no-trade zone for me personally.
Have fun watching! ;)
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. For short trading: Please be aware, that you can lose all your money on Bitfinex if Tether blows up one day/and or they just close, (respectively on Binance, if you're holding Tether there), as compared to Coinbase, who do not offer short trading, but who have at least an insurance up to 250k. Dollars as they state on their homepage.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.