Rippling into October (XRP/BTC)

After my previous chart, it seems as though the XRP/BTC bubble cycle has been completed and it has found a new floor around 0.00005000 BTC. As you can see there was a similar pattern prior to the previous test pump after a long flat price level on both the candles and the RSI. With the upcoming conference on October 9th I would expect there to be a lot of hype built up and the price to reflect this hype in hope of a huge announcement. Whether there is a real announcement or not, market makers may use this to either test pump or to full on pump the price again. Best of luck to anyone deciding to trade this idea and let me know if you see anything different or have anything to add to this idea.

Thanks!

Komentarz:

The Swell Conference (Ripple conference) is actually on October 16th. I would expect this will mean the horizontal price should ride out a little longer... hopefully giving it time to jump up big right before the conference. First target should be around 0.00008000 then up to 0.00010000

Zlecenie aktywne:

Looks like the RSI is curling upward and could be a signal this next bull run is about to begin. Less than a month until the Swell conference. Fingers Crossed!