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XRPBTC PAIR MARKET OPINION This is a follow on to our XRP to BTC price increase post. Driving factors could include positive news for XRP and negative news for BTC such as XRP widespread institutional adoption and BTC scaling issues. Overall we are bullish on XRP and BTC agains USD, however we hold a bullish bias of XRP against BTC in the long run as we believe...
This chart essentially speaks for itself. Bitcoin will likely continue to trend in this long term channel due to the network effect and Metcalfe's Law. Break below or above the channel supports and resitance is highly unlikely as mass adoption continues. We are and remain very bullish on Bitcoin, however, we are ONLY bullish on Bitcoin and XRP while we believe a...
This could potentially be the BTC local top. A pullback would be very healthy from here.
Current XRP Market Opinion: XRP is in a locked into a distribution channel as it was in early 2015 which could be followed up by a significant price spike as soon as Q1 of 2020. The 3 blue lines indicate an equilibrium price (middle), ceiling price (top) and floor price (bottom). Assuming the network continues to grow, the price will trade in this range based on...
Obviously this is not financial advice. I'm just sharing my observation. Consult with a Financial Advisor if you are interested in making investments in any market before executing so that you understand the risks. That being said, I'm playing a potential XRP breakout to the upside to the tune of 200 or more percent! Bitcoin definitely made the first move. Will...