XRP (BTC) - Slump incoming

أول أمس

XRP with Bitcoin overlaid.

Its been a very pleasant ride up since buying btc 0.786 retracement as described on my linked Bitcoin thread; up 12%.

Notice how XRP pumped with Bitcoin since that 0.786 low on 18th February.

I informed you guys on TradingView before my dip buy on my linked Bitcoin video.

But Bitcoin is becoming choppy and its due one more rippling GW slump back to the retracement GW (0.618 - 0.786).

Higher volatility coins tend to move first and here XRP is making its move before Bitcoin.

And so XRP is a leading indicator that assists us to know that Bitcoin may be heading for a slump.

Now its time to take some profit in this area.

The most likely pull back from here will be a retracement Golden Window - See Bitcoin video to know my TA terms.

That is from the 0.618 - 0.786; $2.57 - $2.52.

In these areas I have both high and low time frame portfolio.

In the HTF i'm just HODL'ing as investment, but in LTF I'll be looking to buy the dip @ $2.57 👍.

Not advice.

أول أمس

ملاحظة

Whipsawing bearish slump has become a choppy descent and I would say this is most likely a bull flag; building cause for the next wave up.

So this idea is no invalidated and thats just fine as XRP is the same price as where I left it.

I am now bullish and fully back in trade 👍.

أول أمس

ملاحظة

Whipsawing bearish slump has become a choppy descent and I would say this is most likely a bull flag; building cause for the next wave up.

So this idea is now invalidated and thats just fine as XRP is the same price as where I left it.

I am now bullish and fully back in trade 👍.