The real ripple release is right here folksThis is what we call a "projected weighted movement" Comment and like as you please, agree or disagree.
This is not trading advise, but a suggested moving direction, and you should DYOR
Xrpchannel
Don't trade this pattern on rippleI was trading this channel from 6th of october, i didn't share this one. but now i see everybody is sharing this channel, these patterns breaks when a lot of people gets aware of there existence so they are not tradable in my opinion and it will break to the upside or the downside but i know it is going to break. so do not try to short the top or long the bottom, you are late!
there is a fascinating thing about market and is that when you see a lot of bullish people then you should ask yourself that who suppose to be bullish about a certain market?
if you answer this question you will be successful. i know the answer.
the answer is "who already bought!"
yes it the psychology. who have bought the market now wants market to go up and when everybody has already bought the market then there is no buying pressure ! it is as simple as 2+2 in math.
my advise is that. do not trade this pattern it is gone and will soon break. channels are beautiful because you can buy low and sell high and you don't have to trade the breakout. trading breakout is much more harder that buying at the support and selling the resistance.
remember that every support and resistance will work when majority thinks it will not!
