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1wk

Impossible Inverted Cup&Handle on XRPBTC likely a 1week patternThe inverted cup and handle pattern on xrpbtc seems like it is more a 1week chart pattern or possibly a 3 day pattern meaning it can close multiple day candles under the rimline without triggering the breakdown to negative satoshis. If it's more valid as a 3 day chart pattern then we can close around 6 consecutive 1 day chart candles under the rimline without triggering the breakdown. If it's a 1 week chart pattern we can close 13 consecutive 1 day candles without triggering a breakdown so keep that in mind. I think we are pry much bottomed out because I don't think we can trigger this pattern and had to negative satoshis...however if its more valid as a weekly chart pattern we can close a lot of 1 day candles in a row under the rim line and make it seem like we're gonna break downward so keep that in mind and dont let them shake you out of your xrp positons...he bottom of xrpbtc is likely very near.
XLong
by DrDovetail
Updated
11
1day candle close= reversal hammer; 1wk close= bearish engulfingNeutral here as even though we just got a green bullish reversal hammer on the 1 day chart, we have a bearish engulfing candle on the 1 week chart.
BITFINEX:BTCUSD
by DrDovetail
44
1122334455
…999999

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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