Hello there you all, thank you for tuning in for my review.
Due to the global economic crisis, its only natural the crypto market gets effected as well. Therefore I look at the current situation as an opportunity to enlarge my holdings for the long run.
I believe within 2-3 months we will see drastic movement on BTC after it bottoms out around 1500-3K. By Jan 24 BAKKT opens, Feb 27 SEC gives final answer on BTC's ETF so by mid Feb crypto market will make its move imo.
Hope this info is useful, if so pls hit the like button.
Due to the global economic crisis, its only natural the crypto market gets effected as well. Therefore I look at the current situation as an opportunity to enlarge my holdings for the long run.
I believe within 2-3 months we will see drastic movement on BTC after it bottoms out around 1500-3K. By Jan 24 BAKKT opens, Feb 27 SEC gives final answer on BTC's ETF so by mid Feb crypto market will make its move imo.
Hope this info is useful, if so pls hit the like button.
As I had mentioned before, the small descending wedge (on the right) finally broke off and out. I have made some ratio calculations compare to the big wedge (on the left) to forecast where the price of XRP may end up within the next couple of weeks.
Big wedge had decreased the price 73%, around .96$ to 25 cents and then broke out with a 127% rise to 57 cents where that 1st Pink JET is at. ( excluding the huge wick).
Small wedge dropped about 50% on value to 28 cents. Therefore if we make a correlation and ratio calculation, this break out can go as high as +87% where it would take the value of XRP to be around 55 cents where lies a strong resistance.
(50 * 127) / 73 = 86,9
Likes are much appreciated, So I can share my own comments elsewhere.
Please dont hesitate to share your idea on my perspective.
Much love and profitable trading to you all.