Hi Everyone
Update on XRP after Bitcoin rejection at 50K.
We lost some ground in terms of XRPBTC, which is why we are trading lower than we did before Bitcoin hit 50K. This means some alt markets such as XRP were drained of liquidity to provide that leg up for Bitcoin. However, that is not bad news, this means a rotation back to alts will be next (continuous cycle).
I have plotted out some targets for XRP as long as the bull market continues. My first targets: Green zone, then 0.618:
"Backtesting" my trend based fibonacci extension:
Am I saying this will happen NOW? NO
Am I saying this will happen without any corrections? NO
Just probable targets IF our bull market continues. Important to note that incase of a break under $1.11 we will need to reevaluate.
Thanks for watching,
BlockTechEV
Update on XRP after Bitcoin rejection at 50K.
We lost some ground in terms of XRPBTC, which is why we are trading lower than we did before Bitcoin hit 50K. This means some alt markets such as XRP were drained of liquidity to provide that leg up for Bitcoin. However, that is not bad news, this means a rotation back to alts will be next (continuous cycle).
I have plotted out some targets for XRP as long as the bull market continues. My first targets: Green zone, then 0.618:
"Backtesting" my trend based fibonacci extension:
Am I saying this will happen NOW? NO
Am I saying this will happen without any corrections? NO
Just probable targets IF our bull market continues. Important to note that incase of a break under $1.11 we will need to reevaluate.
Thanks for watching,
BlockTechEV
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NOTE The pennant:
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Click on the chart above to see the idea. There are conditions and requirements that need to be met.
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Hi Everyone just a quick update; as long as we stay above $1.10 zone I wont be worried. We're just correcting with BTC at this point.
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Hi everyone. Quick update, depending on your appetite for RISK but I personally am not a fan of high risk speculation, I prefer to move after conformation rater than before it. I'll make a quick update on XRP now to discuss above.
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Latest video on XRP available, watch if you're interested in some trading tips to use across ALL markets. (And price targets)
