Hello Traders 🐺
I hope you're doing well — especially during the current market conditions.
Honestly, these days everything seems to be bearish, and staying positive and motivated through the losses is a bit hard, even for pro traders.
But as they say:
If you can't hold during the crash, you probably won't hold during the boom.
Or like the old man said:
"Those who survive the dump, deserve the pump!"
Let’s talk about XRP 👇
As you can see on the chart, price is clearly inside an ascending channel, which can also be considered a bull flag — because when we see a correction after a strong rally, it’s healthy for the market.
In such cases, price tends to form a pattern, and most of the time it's either a channel or some kind of wedge.
In this case, we have an ascending channel — or as mentioned, a bull flag.
So what can we do now?
There are two important trendlines to watch:
The blue line (monthly resistance)
The yellow line (channel support & resistance)
Right now, price is sitting below the blue trendline, so we’ll need a monthly close above it to confirm breakout — it's too early to judge just yet.
If we break in either direction, we have key Fibonacci levels to keep in mind:
0.618 and 0.718 fib levels are acting as support for now — and if we break to the upside, the upper channel resistance is the next big level to watch.
In my opinion, despite BTC.D's current position, there’s a strong chance we’ll see a reversal in the Altcoin sector and a major drop in BTC.D.
If you haven’t read my recent idea about BTC.D yet (which is going viral and was even chosen as an Editor’s Pick), I strongly suggest checking it out here 👇
https://www.tradingview.com/chart/BTC.D/vyLuhwHN-Trump-s-Tariffs-the-Silent-Setup-Why-This-Could-Be-Bigger/
It’s super important to combine macro fundamentals with technical analysis — and when it comes to Altcoins, BTC.D is a key index you should always pay attention to.
I hope you find this information valuable — and as always, remember:
🐺 Discipline is rarely enjoyable, but almost always profitable
🐺 KIU_COIN 🐺
I hope you're doing well — especially during the current market conditions.
Honestly, these days everything seems to be bearish, and staying positive and motivated through the losses is a bit hard, even for pro traders.
But as they say:
If you can't hold during the crash, you probably won't hold during the boom.
Or like the old man said:
"Those who survive the dump, deserve the pump!"
Let’s talk about XRP 👇
As you can see on the chart, price is clearly inside an ascending channel, which can also be considered a bull flag — because when we see a correction after a strong rally, it’s healthy for the market.
In such cases, price tends to form a pattern, and most of the time it's either a channel or some kind of wedge.
In this case, we have an ascending channel — or as mentioned, a bull flag.
So what can we do now?
There are two important trendlines to watch:
The blue line (monthly resistance)
The yellow line (channel support & resistance)
Right now, price is sitting below the blue trendline, so we’ll need a monthly close above it to confirm breakout — it's too early to judge just yet.
If we break in either direction, we have key Fibonacci levels to keep in mind:
0.618 and 0.718 fib levels are acting as support for now — and if we break to the upside, the upper channel resistance is the next big level to watch.
In my opinion, despite BTC.D's current position, there’s a strong chance we’ll see a reversal in the Altcoin sector and a major drop in BTC.D.
If you haven’t read my recent idea about BTC.D yet (which is going viral and was even chosen as an Editor’s Pick), I strongly suggest checking it out here 👇
https://www.tradingview.com/chart/BTC.D/vyLuhwHN-Trump-s-Tariffs-the-Silent-Setup-Why-This-Could-Be-Bigger/
It’s super important to combine macro fundamentals with technical analysis — and when it comes to Altcoins, BTC.D is a key index you should always pay attention to.
I hope you find this information valuable — and as always, remember:
🐺 Discipline is rarely enjoyable, but almost always profitable
🐺 KIU_COIN 🐺
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.
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.