Given the violence of the latest crash, I don't believe that cryptos in general are really to trully move back up to ATH. So I'll be looking for short signals on the 4hr timeframe. However based on many major buy signals on the daily timeframe, I believe that the bottom was hit. Therefore I'll manage my stops carefull in case price move back up abruptly.
That being said, there is a triangle forming on XRPUSD (which is matching a potential double top on BTCUSD). I'll wait for the market to dictate the direction but I'll enter short right away at market if it breaks down. If it breaks up, I'll buy after the breakout on pullback.
That being said, there is a triangle forming on XRPUSD (which is matching a potential double top on BTCUSD). I'll wait for the market to dictate the direction but I'll enter short right away at market if it breaks down. If it breaks up, I'll buy after the breakout on pullback.
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Price broke out north instead of south. Idea cancelled.