As BTCUSD is going crazy right now, i´m trying to bring a little order in to the chaos.
1. Density
XRPUSD is building up more and more towards a Breakout, which means the possibility of the price to fluctuate up and down like crazy is becoming less and less. It seems that XRPUSD ´s little breakouts towards 0.29/0.30 USD had one purpose, to establish higher supports in small steps.
Where is the proof?
2. Divergence
XRP doesn´t give as much fucks as other coins.
While other altcoins are racing up and falling down in extreme ways, XRPUSD seems to be very consistent overall. As BTCUSD rose up to higher levels XRPBTC went down, which is a very positive aspect. This can only mean that XRPUSD establishes itself as a stable coin against the USD (and other FIAT currencies rather than Bitcoin. It´s very stable and in my point of view a good long term investment.
What does it mean?
3. Hope and Opportunity
XRPBTC is at it´s lowest level/support. Touched the line 3 times and seems to be ready for a comeback.
In the end i could be wrong at all levels and approaches. It´s just my idea how to handle it right now. I´m looking positive into the future. Look into my other ideas if you want.
Those were just my 2 cents. Have a good day!
1. Density
XRPUSD is building up more and more towards a Breakout, which means the possibility of the price to fluctuate up and down like crazy is becoming less and less. It seems that XRPUSD ´s little breakouts towards 0.29/0.30 USD had one purpose, to establish higher supports in small steps.
Where is the proof?
2. Divergence
XRP doesn´t give as much fucks as other coins.
While other altcoins are racing up and falling down in extreme ways, XRPUSD seems to be very consistent overall. As BTCUSD rose up to higher levels XRPBTC went down, which is a very positive aspect. This can only mean that XRPUSD establishes itself as a stable coin against the USD (and other FIAT currencies rather than Bitcoin. It´s very stable and in my point of view a good long term investment.
What does it mean?
3. Hope and Opportunity
XRPBTC is at it´s lowest level/support. Touched the line 3 times and seems to be ready for a comeback.
In the end i could be wrong at all levels and approaches. It´s just my idea how to handle it right now. I´m looking positive into the future. Look into my other ideas if you want.
Those were just my 2 cents. Have a good day!
