Isn't TA fun? How would we know the SEC was about to sue Ripple? Is it possible that Dow Theory allows us to understand this information is priced in?
The next few weeks will be explosive on multiple levels. We're about to find out if Trump is holding an ace in the hole (and if he'll use it) and if the US will win the crypto wars.
Thanks for the very detailed analysis! To me...the SEC lawsuit is just pure FUD. The news mentioned the words 'might' or 'is about to'. Let it come and for sure...XRP is not a security ;-)
tradeformula
⋅
@Gaengphed, Agreed, and thanks for the kind words!
Noobtrader4080
⋅
Thank you for you TA. I don't know much about Dow Theory, but I have seen charts that have been made months in advanced predicting the highs and lows of the BTC cycle. The news always comes later. I am not worried about XRP. If 0.43 resistance is broken I see 0.39 cents as the next stop.