XRPBTC. Or how to make money on two moves at once.
Yesterday we wrote about a new wave of growth of XRPUSD. The confirmation was received at the closing of the day.
We also wrote about the correction of Bitcoin:
We can observe the visual confirmation on that, looking at the BTC charts :)
So we have two trends within a week-two horizon at a minimum: The growth of XRPUSD and the decline of BTCUSD
Both these trends are perfectly expressed in the growth of the pair XRPBTC (see the graph)
What do we see on this graph? The end of the 6-month falling trend and rapid growth.
Growth, already justified by correction and renewed after it. A textbook illustration on technical analysis.
As a foreseeable goal, looking at the same textbooks, we get 0.0001200-0.0001400
Recommendation: BUY.
We also wrote about the correction of Bitcoin:
So we have two trends within a week-two horizon at a minimum: The growth of XRPUSD and the decline of BTCUSD
Both these trends are perfectly expressed in the growth of the pair XRPBTC (see the graph)
What do we see on this graph? The end of the 6-month falling trend and rapid growth.
Growth, already justified by correction and renewed after it. A textbook illustration on technical analysis.
As a foreseeable goal, looking at the same textbooks, we get 0.0001200-0.0001400
Recommendation: BUY.
Komentarz:
0.00012
