1.25 TP hit, a new LH.
Weekly timeframe and BTC pullback to 50-55k and I think alts will get pulled apart.
Weekly on XRP says it all, trading in a huge downtrend with another spike this week. I’ll abolish this idea if there’s a weekly break above 1.25 but until then I’ll ride the wave down as the R:R is way better there.
Remember ideas are theoretical and even BTC 100k calls and XRP $10 have no basis just people gambling and others either following or going against.
Technically a manipulated market can move and down just as fast in each direction and right now with a euphoric market a strong long squeeze is bound to come. That’s my opinion.
Trade wisely and always zoom out rather than trade 15 mins and 1h candles.
Weekly timeframe and BTC pullback to 50-55k and I think alts will get pulled apart.
Weekly on XRP says it all, trading in a huge downtrend with another spike this week. I’ll abolish this idea if there’s a weekly break above 1.25 but until then I’ll ride the wave down as the R:R is way better there.
Remember ideas are theoretical and even BTC 100k calls and XRP $10 have no basis just people gambling and others either following or going against.
Technically a manipulated market can move and down just as fast in each direction and right now with a euphoric market a strong long squeeze is bound to come. That’s my opinion.
Trade wisely and always zoom out rather than trade 15 mins and 1h candles.