XRDBTC ready for 9x(?)As you can see here, Radix - Bitcoin (XRDBTC) is in a huge falling wedge. A falling wedge is a bullish pattern. After years of waiting it will now probably/maybe(!) breakout. Radix delivers great tech and is therefore a very interesting L1 solution for DEFI.
Check the RSI, which is now in the 80-20 zone.
When you look at the yellow dotted lines you can see the potential when it will break-out.. DYOR!
XRDBTC trade ideas
Radix XRD/BTCThe only crypto project which I did accumulate during bear market. In time I think Radix has a good change to be bigger than Polkadot and Cardano. I'd suggest you do your own research about them.
31st of july Radix Public Network upgrade from Olympia to Babylon will occur and ready build DEFI apps can move from "tech mode" to the main net, among other things.
Noticeable about the weekly chart.
25EMA (yellow ema) which worked as resistance 5 times was flipped, tested and showed some support. 70/30 I'd guess this would hold. Time will tell
Let's analyse few things from daily timeframe
Radix (XRD) price increaseAfter a period of 299 days(!) it seems Radix (XRDBTC) is breaking the falling wedge. Let see if it can hold. I think it will come lower after a couple of days because it's overbought when you look at the RSI. Hopefully the resistance of the falling wedge will then be support for the next run. Also the volume is increasing so that's a good sign IMO.
Also take look at XRDUSD(T) to see a nice price development
XRDBTCMy personal opinion at this moment is XRDBTC will follow the green line. XRDBTC is in a downtrend for months but XRDUSD is getting more momentum so it's possible it will bring XRDBTC to higher levels.
At this moment XRDBTC is a bit high on the RSI so I think it will come lower before it uptrends higher to the line of resistance and break it.
If the whole crypto-market goes downwards, XRD(BTC) also does and it will probably retest the support line.
That's for the short term. For the long-term I'm very bullish on Radix. It's a great project IMO which has a lot of potential.
XRD - potential market maker buy modelPrice has been accumulating for ages, then broke down below that consolidation taking the stoplosses of people willing to sell below that what seemed to be good support.
Then quickly reversed for a retracement, lure in willing buyers and after that driving the price down on slow speed so that those early buyers are selling again, this time to smart money.
Have been accumulating XRD coins since last december. Lets see if it works out. If it does- all time highs is not an irrational idea.