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BLdesign
Dec 2, 2020 6:52 PM

Triangle in bigger triangle Long

XRP / DollarBitfinex

Description

We are in small yellow triangle for almost 3 days now, hope that upwards breakthru will boost thru bigger (blue) triangle and than we are towards and beyond $1.

At least that would be best case scenario

Comments
st4ndard
Falling triangle is correctly identified. However, a falling triangle is a bearish pattern.
BLdesign
@st4ndard, It usually is, but in crypto chart patterns they are more guidance not the rules, because BTC is in control of the trend...for now.
st4ndard
@BLdesign, BTC will revisit $14000 :o)
ZeroFox09
Yes btc will go back to 14k at some point but not now
BLdesign
@st4ndard, in my experience breakthrough happen in a direction in which price is for longer period of time...you understand what i am saying?
DSltz
I guess its all on BTC to determine the direction. BTC looks bullish currently
BLdesign
@DSltz, i must admit, i cant wait for the day that altcoins will not bi dictated by BTC...
Prince_Action
@BLdesign, To be honets XRP showed how it is able to hold it is support while BTC had a big drop and all the other altcoins followed by the move. Good days are coming that's all I see by looking at XRP
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