$BONK has pumped on news. Double bottom reversal, poised to | Cold Blooded Charter on Binance Square

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$BONK has pumped on news.
Double bottom reversal, poised to test the 200sma (30% up from here), volumes have been serious recently.
Buy-the-dip strategy should do well here💙👽

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BONK

0.00002218

+4.57%

SOL

157.35

+2.70%

1.2k

0

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$XRP has been breaking out, the crucial 200 SMA (green in the chart) is temporarily broken, and so is the 6-month old falling trendline, so this is looking like a very valid attempt. The last thing missing is increased volume, but let's see what the US trading session brings. Liquidity wise, all immediate Liquidity has been cleared out up to $2.4, and there is very little left so if $XRP does manage to close tge Daily candle above $2.4, it will mean that the brrakout is more likely to last and continue higher rather that being just a Liquidity hunt. Daily close will be decisive here💙👽

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$XRP approaching the breakout zone, patience is key here and watching the Bitcoin pairing for a breakout. $2.36 is key, plus 2-3% if you wanna make it more secure, and obviously watch for a spike in volume. Most failed breakouts begin when the volume hasn't increased properly, and that's how traders get trapped. Nice formation to break on the 4hr chart, which would give us an extra confirmation for a proper brrakout. Setting alerts for $2.36, $2.38 and the ultimate one at $2.41, the mission is simple, check for volume spike, make sure we have a breakout vs BTC and enter the trade. Trading is simple but not easy. The patience is being tested after such a long time with dying altcoins. 👽💙 #TrendTradingStrategy

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I'm back to publicly watch this potential breakout on $XRP after a proper long, 6-month consolidation from the highs around $3.4. That's where the falling trendline originates from and we are just about to witness a breakout attempt. What I also like here is that the 200 SMA (green) is sitting right above the trendline which gives us a breakout test that we can trust. Also, XRP/BTC looks ready to breakout and confirm a reversal to the upside, which is a must for me before I commit to any spot investment or futures trade. Liquidations from the last 3 months have accumulated just below $2.4 too, so this is the most likely destination. Remember, daily candle is king, I will open a long when all conditions are met. XRP has not looked as promising this year. Finger on a trigger here, you don't wanna miss the action. Breakout Target around $4. Stay tuned 💙👽. #BreakoutTradingStrategy

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$BTC has been holding pretty well, still in a bullmarket, which can not be said about virtually all other crypto. The main thing is that the ETFs keep buying practically each and every day, and serious amounts of it. As far as altcoins, not much hope at the moment as Ethereum seems to be poised to test the $2000-2100 support once again. Without Ether, there will be no bullrun whatsoever. M2 Global Liquidity has been on a proper rise, but due to the geopolitical situation, investors are risk-averse, so for a trader like myself, who needs a healthy trend to make money, this year has been a bit of a disappointment so far. Other assets, the more serious ones like metals, are my main focus at the moment, that is why I have not been posting here a lot. Still in the game, still waiting for a good period in crypto, but I see no point in forcing anything. Patience is key. Stay safe out there, this is not a friendly market- sell in May and go away again, as it is turning out once again. 💙👽

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$BTC staying bullish against Ethereum for now. A shift requires a breakout from this triangle pattern, with several closes above 0.0255—only then will altcoins like Ethereum start showing value. Looking at the chart, my strategy is as per usual, to wait for that confirmed breakout above 0.0255, then go long on Ethereum/BTC, aiming for 0.0265 or more. I’d set a stop-loss below 0.0240 to keep risk in check. Watch the volume for confirmation! Let’s see how this plays out. Silver is much more ready to go, by the way💙👽

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