Some might argue that using the USDT as a proxy for the USD is not accurate. Maybe, but given the amplitude of the moves this is not a material deviation.
Others might argue that I don't get it, which is fine. As said before, I don't need followers, don't need popularity, don't intend at any point to launch such an advisory service paid in way, shape or...
I still see no bearish sign about this chart.
The prices are hovering nicely into a tight range, the shorter average is holding the prices. The volume is nice and steady and any attempt to push the price down gets a recovery to the same levels.
Should there be a bear trap, it might go down to around 0.23USD where it should hold and recover strongly. On the...
These are just my thoughts, not recommendations.
I am not looking to open subscriber services or any other type of advising services.
I just need to have some thoughts in a more structured way.
Monday will be the day when the average citizen invested in crypto will face the reality. Expect HIGH volatility, not experienced traders will get tears by being smart...
It would be useful for the future uptrend that XRP takes firstly a small beating down to the area between 0.00008370 and 0.00009595 BTC.
Usually the weekend is the best for such washout sale so that weak hands are shaken with a relatively small volume and some divergences.