The chart was drawn using the ideas from user transparent-fx video. Excellent video. I just duplicated it his work and used it to make this chart.
Fibonacci was drawn 0 to 1 for the leg before the market crash. The 1.27% line fell right on a 2017 support line.
BTC has the same wedge. It popped up in a fake, then proceeded downward below the wedge.I noticed very weak buying. Shorts were expecting this for both BTC and XRP from what I read. I don't know where XRP is going in the long run, but it looks to be going down for now.
Fibonacci was drawn 0 to 1 for the leg before the market crash. The 1.27% line fell right on a 2017 support line.
BTC has the same wedge. It popped up in a fake, then proceeded downward below the wedge.I noticed very weak buying. Shorts were expecting this for both BTC and XRP from what I read. I don't know where XRP is going in the long run, but it looks to be going down for now.
Nota
It is 1 hr chart
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.