4h frame forming descending wedge with approaching good retracement level.
not 100% safe zone xrp currently reached, yet it looks not bad to consider entry long ahead this point.
indicator and ema shows second support level would be prz zone which arousing powerful bound for up to 20% more profit taking.
TA indicates maximum $11,100
big downtrend continued since 2019, every bullish bounce could not able to hold 0.786 ratio, thus bear in long run.
current market also faced strong resistance at vicinity of 0.786 and it is under a keen interst of whether market not only break out 0.784 and 0.882 ratio but also hold this level in weekly candle terms
evidence looks not enough for long at current level
although possibility lies on the price continue to rise and accumulation range set at 10,000 above, it is more likely market get corrected with strong resistance, or making bull trap.
As global gold and dollar strength shows their bull market for midterm in 2020, implying BTC would take more time to be...
As closer to $8,300 short betting accumulated
yes BTC market looks like preparing big huge move ahead
although for short term long imperse can be found for 3-4 times more, it's now time to consider potential short