****YAWN****
After analyzing BTC, XRP is looking almost the same from a geometric pattern perspective. If we break lower I am BUYING MORE. This is no doubt my favorite Crypto because of its utility.
This looks like a continuation Bear flag. They usually break about the midway price point; we are so heavily correlated with BTC that we are gonna move with BTC when the Whales decide it's time. I would recommend you review my BTC chart to compare with XRP as part of your Due-Diligence. If we break out of the current triangle we can look at the value of the left side of the triangle from top to bottom as the first extreme move, which is about $.02 -- which I have noted in the rectangle boxes. Also, note we are in a downward channel. I am a buyer at the lower channel and a seller at the upper channel always keeping some XRP on the table. There is no Primary Trendline. We have been consolidating since January 10. If I had to choose a direction for XRP, it would be BEARISH, with Optimism!
Relevant price points of Interest:
R1 - .34xxx
R2 - .36xxx Set Alert!
S1 - .30xxx
S2 - .28xxx Set Alert! (I will accumulate again)
S3 .25xxx I am buying more!
Please review the price balloons for relevant points of interest. SET YOUR ALERTS! I am a trend trader, so I follow and trade on the trendlines.
It's difficult to be more specific because of the nature of the price action. Follow me on twitter for real-time updates. I have been more active on the weekends because I have been busy during the week. But I am always a tweet away from an update!
Best,
Biff
After analyzing BTC, XRP is looking almost the same from a geometric pattern perspective. If we break lower I am BUYING MORE. This is no doubt my favorite Crypto because of its utility.
This looks like a continuation Bear flag. They usually break about the midway price point; we are so heavily correlated with BTC that we are gonna move with BTC when the Whales decide it's time. I would recommend you review my BTC chart to compare with XRP as part of your Due-Diligence. If we break out of the current triangle we can look at the value of the left side of the triangle from top to bottom as the first extreme move, which is about $.02 -- which I have noted in the rectangle boxes. Also, note we are in a downward channel. I am a buyer at the lower channel and a seller at the upper channel always keeping some XRP on the table. There is no Primary Trendline. We have been consolidating since January 10. If I had to choose a direction for XRP, it would be BEARISH, with Optimism!
Relevant price points of Interest:
R1 - .34xxx
R2 - .36xxx Set Alert!
S1 - .30xxx
S2 - .28xxx Set Alert! (I will accumulate again)
S3 .25xxx I am buying more!
Please review the price balloons for relevant points of interest. SET YOUR ALERTS! I am a trend trader, so I follow and trade on the trendlines.
It's difficult to be more specific because of the nature of the price action. Follow me on twitter for real-time updates. I have been more active on the weekends because I have been busy during the week. But I am always a tweet away from an update!
Best,
Biff
