XRP Ripple - Going Higher Now? Swing Divergence with BTC
This is a top down idea from the HTF
M > W > D1 > H4 charts
All the clues of the price action are indicating higher prices on crypto - explanation in video.
One thing I didn't mention is that we also have a weak DXY (Dollar) so that adds to the idea of strength in XXXUSD pairs.
Reasons for choosing XRP over BTC is that XRP created a higher low, indicating more strength than BTC.
Entry on LTF is dependent on a pullback to get a cheaper price.
Entry on HTF is more flexible.
Comment below if you have any questions. I read everything.
Thanks
M > W > D1 > H4 charts
All the clues of the price action are indicating higher prices on crypto - explanation in video.
One thing I didn't mention is that we also have a weak DXY (Dollar) so that adds to the idea of strength in XXXUSD pairs.
Reasons for choosing XRP over BTC is that XRP created a higher low, indicating more strength than BTC.
Entry on LTF is dependent on a pullback to get a cheaper price.
Entry on HTF is more flexible.
Comment below if you have any questions. I read everything.
Thanks
Trade active
Still waiting to reach the area of interest
Trade closed manually
Update: Not entered yet.
It breached our levels and didn't create any reversal price action yet.
Waiting for the low to be created at the next low of major Demand area.
Waiting for the market to tell us what it wants to do.
As long as it hold the Demand area - ideally with wicks - without breaching the X-line-invalidatino marked on the chart, then we're still good.
Let's see if it happens next week...
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.