$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💙👽
Cold Blooded Charter
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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.
$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. 👽💙
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.
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.
$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. 💙👽
$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.
ETFs have been buying $ETH in the background, 16th day of positive flows yesterday. Meanwhile, Ethereum is testing the 200-day SMA as support, if we do get a nice close above $2700-$2750, alts should start flying properly.
Very important CPI data coming in later, I won't enter any trades until we get some clarity. Additionally, before starting to get back into altcoins, I wanna see strenght on Ether/Bitcoin ratio.💙👽
Cold Blooded Charter
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$ETH with a positive streak of flows into ETFs. First time since January.
Still very early, but once Ethereum is back, alts will absolutely fly after being supressed for months.
Selection is going to be key. I have a feeling that the next few months will be great. 👽💙
Huge Spot ETF inflows yesterday, of more than a billion USD. Black Rock dominates again, that post-ATH hype is kicking in.
Buying dips on both $BTC and $ETH seems like a reasonable way to go too💙👽
Cold Blooded Charter
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Bullish
$BTC is seeing strong demand, with massive ETF inflows: BlackRock accounted for $305.9M of the total $667.4M, marking the fourth consecutive day of positive inflows.
I’m holding my position for now but plan to reduce it if Bitcoin closes below key support levels (99 and 102) or struggles near its all-time high (110).
The current uptrend is clear, and monitoring the $ETH vs. $BTC chart will be crucial for timing a potential altcoin season.
On the daily chart, a Golden Cross is imminent, with the 50-day MA about to cross above the 200-day MA. Keeping my fingers crossed!💙👽
$BTC is seeing strong demand, with massive ETF inflows: BlackRock accounted for $305.9M of the total $667.4M, marking the fourth consecutive day of positive inflows.
I’m holding my position for now but plan to reduce it if Bitcoin closes below key support levels (99 and 102) or struggles near its all-time high (110).
The current uptrend is clear, and monitoring the $ETH vs. $BTC chart will be crucial for timing a potential altcoin season.
On the daily chart, a Golden Cross is imminent, with the 50-day MA about to cross above the 200-day MA. Keeping my fingers crossed!💙👽
Sunday/Monday night can get volatile due to the downgrade of US economy. Holding on to my position here, close below $102k and $99k and I probably reduce my position hoping to re-visit Range lows around $91k. Best to play safe regardless of major institutional buying at this point. 💙👽
US State Retirement & Pension Funds want some $BTC too💙
Cold Blooded Charter
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Saylor is about to buy more $BTC bags.
Sunday/Monday night can get volatile due to the downgrade of US economy. Holding on to my position here, close below $102k and $99k and I probably reduce my position hoping to re-visit Range lows around $91k. Best to play safe regardless of major institutional buying at this point. 💙👽
Sunday/Monday night can get volatile due to the downgrade of US economy. Holding on to my position here, close below $102k and $99k and I probably reduce my position hoping to re-visit Range lows around $91k. Best to play safe regardless of major institutional buying at this point. 💙👽
Cold Blooded Charter
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$BTC is back in style, Trump has agreed a 90-day 'ceasefire' with China. Every dip is for buying from now on, as long as the market structure doesn't change.
As far as altcoins, I'm waiting for technical retests, ready to make the most of the upcoming months.
Sell in May and go away? That doesn't always work, trust the charts instead, as always💙👽
$BTC is back in style, Trump has agreed a 90-day 'ceasefire' with China. Every dip is for buying from now on, as long as the market structure doesn't change.
As far as altcoins, I'm waiting for technical retests, ready to make the most of the upcoming months.
Sell in May and go away? That doesn't always work, trust the charts instead, as always💙👽