Alright this play would mean bitcoin isn't going to break new lows. We don't know that yet and since I have a bullish bias I have already been longing xrpusdt pair for some time now. I decided to reanalyze btc pair. This is a weekly chart and its uptrend is one of the beautifully held in the crypto space. That usually means things that us normal traders/investors don't know something. Basically it looks ripe, has been releasing massive amounts of FA (they are completely owning the crypto space), and there's new coinbase hype "Coinbase Custody has obtained a license under New York State Banking Law to operate as an independent Qualified Custodian". In further analysis of what products will be listed you can see xrp is one of them. (Link in description) If bitcoin doesn't tank, I can see xrp staying in a bull market while everyone assumes it will be listed on coinbase. This could be even better than an immediate announcement (less pump and dump). Xrp is a momentum play so good luck catching it once it takes back
off.
So a buy limit above white line and then a stop placed under would seem pretty safe.
Disclaimer:
not investment advice DYOR
target 3 is highly unlikely but I do see it going well beyond their someday in xrp's future
off.
So a buy limit above white line and then a stop placed under would seem pretty safe.
Disclaimer:
not investment advice DYOR
target 3 is highly unlikely but I do see it going well beyond their someday in xrp's future
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.