First, i would not trade a top 10 coin on btc pairing.
While market have some balance, and btc-usdt is major ship.
Just say 100 market maker, funds,.. trading btc-usdt and can move it up 1% hourly.
All altcoins, incl. XRP are affected from them in BTC pairing first.
But we are not in fully crypto currency times now, that means trade it on usdt and stay safe.
I see on xrp-btc pairing 2 channels.
One of them is true trading algo-trades pattern.
That's the magenta one.
The red one is BEAR TRAP. It tricked algo trade bot's and let them sell large amounts on xrp.
btw, t's easier to catch xrp on btc pairing.
You can see the on volume candles.
Bear trap is started on (1) and continued few days until reached (2).
We broke with that bear trap ultimate long term btc pairing line.
Now, accumulating back and we will see a slowly uptrend until (3)
Critical point 6720sat and if we can continue 7450sat should be easy until 20 may.
I see it as opp. for buying cheap xrp.
How ever, look more on usdt pairing, where mostly volume comes here.
I guess, we will see some rumor and FUD campaign for price pressure like J.P. Morgan will replace ripple,....
don't care, hold tight folk.
XRP-BTC pairing had a harmonic channel before this bear trap!
All signs for manipulating for cheap ripple are there.
Stop loss: 5650sat, safe your self from another bear trap!
While market have some balance, and btc-usdt is major ship.
Just say 100 market maker, funds,.. trading btc-usdt and can move it up 1% hourly.
All altcoins, incl. XRP are affected from them in BTC pairing first.
But we are not in fully crypto currency times now, that means trade it on usdt and stay safe.
I see on xrp-btc pairing 2 channels.
One of them is true trading algo-trades pattern.
That's the magenta one.
The red one is BEAR TRAP. It tricked algo trade bot's and let them sell large amounts on xrp.
btw, t's easier to catch xrp on btc pairing.
You can see the on volume candles.
Bear trap is started on (1) and continued few days until reached (2).
We broke with that bear trap ultimate long term btc pairing line.
Now, accumulating back and we will see a slowly uptrend until (3)
Critical point 6720sat and if we can continue 7450sat should be easy until 20 may.
I see it as opp. for buying cheap xrp.
How ever, look more on usdt pairing, where mostly volume comes here.
I guess, we will see some rumor and FUD campaign for price pressure like J.P. Morgan will replace ripple,....
don't care, hold tight folk.
XRP-BTC pairing had a harmonic channel before this bear trap!
All signs for manipulating for cheap ripple are there.
Stop loss: 5650sat, safe your self from another bear trap!
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i don't understand that panic on ripple groups. We are on path and undervalued
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btc dominance increasind.
btc pairing doesnt make sense on btc right now.
btc pairing doesnt make sense on btc right now.
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