XRP Ripple - Going Higher Now? Swing Divergence with BTC

20 févr.

This is a top down idea from the HTF

M > W > D1 > H4 charts

All the clues of the price action are indicating higher prices on crypto - explanation in video.

One thing I didn't mention is that we also have a weak DXY (Dollar) so that adds to the idea of strength in XXXUSD pairs.

Reasons for choosing XRP over BTC is that XRP created a higher low, indicating more strength than BTC.

Entry on LTF is dependent on a pullback to get a cheaper price.
Entry on HTF is more flexible.

Comment below if you have any questions. I read everything.

Thanks

21 févr.

Transaction en cours

Still waiting to reach the area of interest

21 févr.

Trade fermée manuellement

Update: Not entered yet.

It breached our levels and didn't create any reversal price action yet.
Waiting for the low to be created at the next low of major Demand area.
Waiting for the market to tell us what it wants to do.
As long as it hold the Demand area - ideally with wicks - without breaching the X-line-invalidatino marked on the chart, then we're still good.
Let's see if it happens next week...