I think the graph speaks for itself. In terms of XRPBTC pair, I see further down movement in the coming weeks. My next research will be about how this relates to BTC price action against USD.
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so far so good
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coming soon!
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The time is coming very soon! This is going to be explosive! XRP logo ´X’ like Space X logo ´X’ not to the moon but to Mars! :D
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The moment is now or never!! Many Alts are as well at the end of a major triangle and a descision has to be made!! I have a bias towards uptrend but the volume is not https://there...https://www.tradingview.com/x/fGTcrIII/
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We have gone pass the 48 days with little action. The previous bullish cycles are not relevant anymore. Instead I have drawn a channel to better understand the price action. Some really interesting intersections occur. I know want to wait and see how price will behave when we reach the lower section of the channel
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Possible long term targets if we remain in this channel. I imagine we could see prices up to $20 in the next bullrun (if any) this would represent a 7500% from current prices. ‘Small’ compared to the 26000% of the previous bullrun
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We have reached the lower section of the channel sooner than expected but I expect prices to test this line multiple times over the next few weeks. If this line of support becomes resistance on the weekly chart then that would be bad news.
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No big surprises so far and moving as previously suggested. It will be interesting to see where altcoins will move when Bitcoin makes a major move. I expect Bitcoin to move higher and the alts moving even higher and the BTC dominance to drop but I could be very wrong XD
@cpiljoo, @hypercraft, coming very soon! My line is on the 31st of May so anything could happen in the coming days!!!!
hypercraft
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@Poukitoun, and you would say, history will repeat or first time will not pump?
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@hypercraft, history will repeat, this crypto has been in the top 5 for a long time and is well known. BTC is stealing the show for now and could go like that for much longer. However if you check my last update, i’m Waiting for price to get to lower channel and see how price will react around that area, if it holds, I would go long there. Long term target of $20 in the next 1-2 years :D