OKAY SO IT MAY BE A LITTLE EARLY BUT I WANTED TO GET THIS POST OUT THERE INCASE IT ISN'T. WITH THE CRYPTOCURRENCY MARKET IT CAN BE MORE OF A CHALLENGE TO READ THE CHARTS DUE TO THE FACT THAT IT IS PURELY A MARKET BASED ON STRAIGHT SENTIMENT SO IT TRULY DEPENDS ON HOW THE MARKET FEELS AND PERCEIVES THE CURRENCY. GOOD NEWS IS THAT ALL FINANCIAL MARKETS ARE BASED ON PEOPLE'S BEHAVIOR, THAT'S WHY IT CAN NEVER BE 100% PREDICTED ON FOR SURE WHAT WILL HAPPEN NEXT. THAT S ALSO WHY I USE A THEORY CALLED "LET THE MARKET TELL YOU". IT BASICALLY MEANS THAT AS RETAIL INVESTORS/SPECULATORS WE HAVE REALLY NO PLAY INTO WHAT THE MARKET ACTION IS GOING TO DO, UNLESS YOU TRULY DO HAVE A VERY SIGNIFICANT AMOUNT OF CAPITAL, SO I LET THE MARKET SHOW ME WHAT IT WANTS TO DO. THE NUMBER ONE THING I LOOK AT IS MOMENTUM. ON THIS CRYPTO PAIR IM NOT SEEING ANY JAW DROPPING MOMENTUM COME INTO PLAY YET BUT I CAN SEE THAT XRP MADE A BOTTOM AROUND .25 CENTS AND HASN'T GONE BELOW THAT LEVEL IN YEARS. THERE HAS BEEN SOME RECENT MOMENTUM COMING INTO PLAY AND A RECENT BREAK ABOVE A SMALLER DAILY TIMEFRAME TRENDLINE. KEEP AN EYE ON THIS CURRENCY AND LETS SEE HOW MOMENTUM SHOWS US WHAT IT WANTS TO DO AND LOOK FOR A GOOD OPPORTUNITY TO TAKE A PART IN THIS CRYPTOCURRENCY EMERGING MARKET WE ARE SEEING.
CHEERS!
CHEERS!