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Cold Blooded Charter
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$BTC
a few days later 💙👽.
Big resistance now.
Close above and we are back to business, folks.
Cold Blooded Charter
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$BTC - to continue upwards or a correction?
Looking sweet tbh. 💙👽
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Cold Blooded Charter
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$XRP insane strenght vs Bitcoin since its breakout. No words needed, or analysis. Chart is enough. For those who got on a long position, the target is around $3.6 at first, some resistance at $3 and old ATH. Dips are for buying from now on too👽💙
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$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 the Daily candle above $2.4, it will mean that the breakout is more likely to last and continue higher rather that being just a Liquidity hunt. Daily close will be decisive here💙👽
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$BTC post-ATH chart update, folks - while AUD hasn't hit ATH yet (May high ~175k, current ~170k), USD is the focus, lol. So, Weekly shows a 6-month-long H&S continuation pattern (likely inverted bullish), with head at 76.5k, left shoulder 91.2k, right shoulder 101.5k, targeting $141k if we break out. But no decisive long-bodied candle smashing the downtrend resistance yet, so we're practically in a double top danger situation right now. Higher risk appetite seems to add to BTC selling pressure, imo. I will post BTC Domination chart later on, it's interesting. Yesterday, more ETF flows for ETH ($211M) than BTC ($200M), which is rare. Altseason not officially here (CMC index 27/100), but early signs are flashing, so stay tuned. Proper new high for BTC would be great. Mini corrections are healthy after a proper new high. If we dont get a better high soon, take it easy with buying the dip early. 👽💙
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$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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