XRP/USD Inverse H&S Potential! XRP/BTC Bearish!
XRP/USD was inside a channel in our last weekend video analysis, but have a look guys:
=> We saw an unclear breakout in this case, and now, since the bulls have successfully bounced off from the bottom trendline, we can shift our view to horizontal again, and will see a potential inverse Head & Shoulders happening, with an Equilibrium on both 'shoulders':
In the direct correlation grandpa BTC we're completely descending & are almost about to break bearish again. This will mean further weakness towards Bitcoin, no matter what happens in USD.
Do you have a trading plan with sheets, or are you trading from your head? Do you revenge trade, trying to make the money you lost back immediately, taking huge risk, losing even more? Are you already making gains over the long-term, like a casino, or are you still losing huge amounts, because you have no idea what your strategy is? => Those are all important questions, where are I can help you with. Psychology is half the rent in trading, if you don't take it seriously, you will crush your account. I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
=> We saw an unclear breakout in this case, and now, since the bulls have successfully bounced off from the bottom trendline, we can shift our view to horizontal again, and will see a potential inverse Head & Shoulders happening, with an Equilibrium on both 'shoulders':
In the direct correlation grandpa BTC we're completely descending & are almost about to break bearish again. This will mean further weakness towards Bitcoin, no matter what happens in USD.
Do you have a trading plan with sheets, or are you trading from your head? Do you revenge trade, trying to make the money you lost back immediately, taking huge risk, losing even more? Are you already making gains over the long-term, like a casino, or are you still losing huge amounts, because you have no idea what your strategy is? => Those are all important questions, where are I can help you with. Psychology is half the rent in trading, if you don't take it seriously, you will crush your account. I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
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