Hello to all. I had bullish inclinations up until this morning but looking at the charts and seeing how what looked like bull flags yesterday in both XRP and BTC did not break out as expected, a revision was in order. We seem to have a H&S that already completed and sent us down and we are now in what looks like a bear flag which if completes as a bear flag will send us down some more.
A key line to look at is the dashed red line at $0.73 which if violated, puts to bed the idea of the large right shoulder of the large inverse H&S which we are technically still inside the right shoulder of.
In any case, there remains significant resistance above and BTC is still leading altcoins by the nose. Another reminder of how nimble we have to be trading crypto.
Good luck and if you like my ideas/charts/commentary, PLEASE ENCOURAGE BY LIKING AND FOLLOWING ME on trading view
A key line to look at is the dashed red line at $0.73 which if violated, puts to bed the idea of the large right shoulder of the large inverse H&S which we are technically still inside the right shoulder of.
In any case, there remains significant resistance above and BTC is still leading altcoins by the nose. Another reminder of how nimble we have to be trading crypto.
Good luck and if you like my ideas/charts/commentary, PLEASE ENCOURAGE BY LIKING AND FOLLOWING ME on trading view
ADD THE MASSIVE BEAR FLAG INTO THE MIX AND XRP IS IN BIG TROUBLE