As you know, I don't normally like to consider outside factors, other than the data on the charts, but BTC and LTC are soooo strong right now. I would be weary of shorting anything at this point. In fact, I'm not shorting at all. I'm only long, because they're in an uptrend. I'll take profits along the way, but I never fight the primary trend. Remember, the trend is your friend! Don't fight it. Many of the other coins have this same look though. They're rolling over, while things like BTC , LTC, and LCC make strong moves. I've taken the liberty to research this a little more. I always follow the market capitalization, and I've noticed that it hasn't fallen much, though many of the alts are rolling over. Then, I went and looked at a chart of coin dominance, and I saw the BTC dominance is on the rise, and the other coins' dominance is falling. It appears as though a rotation may be occurring, where money is being taken from the alts, and put into BTC and LTC. So the alts may remain under pressure, while BTC and LTC continue to rise. Perhaps this is the beginning of some sort of separation. It's too early to tell, but there is some evidence of that.
Anyway, we have a clear breakdown emerging now, so I want to get this out. On the downside, look for the pink to act as rough support, if XRP gets down there. For educational purposes only, if you wanted to short, you could place the trade now, and the stop just above the 50 . There is more potential downside, with a risk of a small loss, should XRP turn back to the upside. If we get back above the 50 , it will be time to reassess the sitch. I'm the master of the charts, the professor, the legend, the king, and I go by the name of Magic. revoir.
This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place! Please follow, comment, like, and share on social media. Good luck trading everyone!
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-MPC loves you-
How many Price for end of year?
Have idea about that?