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WyckoffMode
Mar 31, 2019 2:55 PM

Likely Continues Sideways Between $0.247 & $0.34 Till Late May 

XRP / Tether USDPoloniex

Description

I'm expecting a bit more upward pressure to continue till some time between April 5, 2019 to April 7, 2019. Then anticipate a slow bleed down to a price range between $0.2469 and $0.2694. This may likely be a VERY long drawn out sideways event till mid to late May, 2019 with no serious action in sight until then. We are likely to stay within the blue channel as our trading range for the most part till end to late May, 2019. Many people will get frustrated waiting on this pair to do something "significant" in my opinion.

I'll post the Weekly TF shortly to provide more support for this TA.

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Weekly TF:

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2-Day TF:

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About to do a video publication for this pair. Will take approximately 30 minutes before post.
Comments
cryptozwerg
Nicely done, really good job and tyvm for it! I wish to add a bit different view to the matter, meaning the correlation I found between XBT and XRP when we are not in a pure bulls market. Every time XBT weakens a bit it goes the opposite for XRP. Since I am pretty sure (very high probability FA model) that we will see a move to 4800-5200 before we retest sub 3k lvls for BTC (in a matter of 30-90 days from now) I am expecting XRP to jump up to $0.4 when XBT drops under $3600. Let's see how this will plays out in the next few months. Cheers and thanks again for your work!
WyckoffMode
@cryptozwerg,

Thanks for sharing... I provided this TA for a few followers of mine who wondered what the indicators are showing.

Yes, we'll see how it plays out.

Thanks for dropping by and your support!

; )
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