XRP/BTC is in a huge bullish flag. In my opinion this is only a corrective wave which will soon be over. I see nice upside potential to this. If it breaks the flag it will continue to go up. ABC patter is complete. It also bounced from previous support.
when drawing the lower trendline you ignore the second and third crashing candle's wicks - but not the first long wick, which makes the trendline flat while it could be much steeper and look bearish.
Long bias - or another reason? Thanks
pav4ito
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@fineregex, the trendline is of no value. Its simply there to indicate the direction of which the market is going. I usually tend to be more short biased.
Long bias - or another reason? Thanks