XRPBTC The BIG picture! Well well well... Hmm.
What have we found here?!
In the 3 D chart we have a much larger falling wedge.
As of writing the price line seems to be making the
touch on the 3rd wave down. We are about to complete
the 3rd of 5 possible waves. As indicated by the yellow
price line breaking out of the wedge on the 4th wave.
Or there is a chance a bear trap will be set and price will
partially retrace down to support around 2000 satoshi.
IF rebounds from this range will form a IH&S reversal
pattern.
There is also a rising wedge highlighted in the light blue
triangle. This is a bearish continuation pattern that broke
down as it should.
You can also see the much smaller falling wedge
highlighted by the light blue trend lines where prices are
hanging out today on July 2 2020.
Now that is see this pattern, I believe that this will be our
over all price action before we break free of the bear market
of XRP.
Always remember to set your stop loss! Then be ready to BUY!
In the 3 D chart we have a much larger falling wedge.
As of writing the price line seems to be making the
touch on the 3rd wave down. We are about to complete
the 3rd of 5 possible waves. As indicated by the yellow
price line breaking out of the wedge on the 4th wave.
Or there is a chance a bear trap will be set and price will
partially retrace down to support around 2000 satoshi.
IF rebounds from this range will form a IH&S reversal
pattern.
There is also a rising wedge highlighted in the light blue
triangle. This is a bearish continuation pattern that broke
down as it should.
You can also see the much smaller falling wedge
highlighted by the light blue trend lines where prices are
hanging out today on July 2 2020.
Now that is see this pattern, I believe that this will be our
over all price action before we break free of the bear market
of XRP.
Always remember to set your stop loss! Then be ready to BUY!
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