While I'm posting this as "long" the chart obviously says we're going to form a double bottom, or go slightly lower than our recent $0.62 low. Everyone is talking about 'alt season' going into March, and as history shows "everyone" typically get these calls wrong. So I'm taking profits here & looking to re-enter near the double bottom.
Could price fall out back into the $0.50s? Sure, but as I've made clear multiple times, I'm most interested in increasing my XRP position, as opposed to increasing my USD value. For all intent and purpose, XRP has been in a bear market now for nearly a year (arguably for 4 years now; as we never broke our previous all time high) so I'm more interested in bettering my position for it's 'inevitable' new all time high beyond the $3.89 range. So unless you're willing to lose your hard earned money betting on a random analyst's pipe dream, take my charts with a grain of salt. While all my wyckoff charts have been validated so far, there is no guarantee they will continue being validated. All patterns fail eventually.
I'm not a financial advisor, this is not financial advice, I'm just some mad lad trying to make a living as a trader and using Trading View to create a catalogue of all my trading plays to document my journey to becoming a millionaire or a hobo.
Could price fall out back into the $0.50s? Sure, but as I've made clear multiple times, I'm most interested in increasing my XRP position, as opposed to increasing my USD value. For all intent and purpose, XRP has been in a bear market now for nearly a year (arguably for 4 years now; as we never broke our previous all time high) so I'm more interested in bettering my position for it's 'inevitable' new all time high beyond the $3.89 range. So unless you're willing to lose your hard earned money betting on a random analyst's pipe dream, take my charts with a grain of salt. While all my wyckoff charts have been validated so far, there is no guarantee they will continue being validated. All patterns fail eventually.
I'm not a financial advisor, this is not financial advice, I'm just some mad lad trying to make a living as a trader and using Trading View to create a catalogue of all my trading plays to document my journey to becoming a millionaire or a hobo.