Procinctu

XRP 20-21 versus BTC 18-19

Long
Procinctu Updated   
I noticed the similarity in bottoming of XRP 2020 going into 2021 versus the bottoming of BTC going from 2018 going into 2019.

3 min chart vs 1 day chart...but psychology is psychology.

I don't claim to know ripples regulatory outcome, but this pattern is one that may give a good trade.

I will base this idea off of its reaction to the red line.
Order cancelled:
obviously this did not hold red line... its making higher lows (staying with 3 min chart), so could long a low with a tight stop, but the idea behind the idea was scrapped.

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.