This 1 hr chart was drawn using the ideas from user transparent-fx video. Excellent video. I just duplicated it his work and used it to make this chart.
Fibonacci was drawn 0 to 1 for the leg before the market crash. The 1.27 line fell right on a 2017 support line.
BTC has the same wedge . It popped up in a fake, then proceeded downward below the wedge . I noticed very weak buying for BTC when it went above the wedge . Shorts were expecting this for both BTC and XRP from what I read. I don't know where XRP is going in the long run, but it looks to be going down for now.
I accidentally published chart the first time on XRP/USDT, so if you see it there, that is why.
Fibonacci was drawn 0 to 1 for the leg before the market crash. The 1.27 line fell right on a 2017 support line.
BTC has the same wedge . It popped up in a fake, then proceeded downward below the wedge . I noticed very weak buying for BTC when it went above the wedge . Shorts were expecting this for both BTC and XRP from what I read. I don't know where XRP is going in the long run, but it looks to be going down for now.
I accidentally published chart the first time on XRP/USDT, so if you see it there, that is why.