XRP Update! VERY BULLISH next 2-3 months (bearish short term)XRP is on the verge of exploding higher! XRP is an altcoin that's always last in line to go parabolic! On the chart, you can see that we had a Stochastic RSI on the monthly candle (Higher the time frame, the bigger and stronger the move!). The RSI (overbought/oversold) indicator shows that we areat 46 on the monthly. Comparing the RSI with all the other altcoins on the monthly, XRP is the only one that's VERY OVERSOLD! If we continue on the current patterns from the past, we can easily 7-8x in the coming 2-3 months hitting the trendline.
I am not a fan of XRP (as I stated on my other charts), but I'm about to move the rest of my BTC into XRP because XRP is about to make history! CHARTS DON'T LIE!!
Check out my other XRP/USD Chart below:
Check out the Altcoin season chart below (Crypto Total Market Cap Excluding BTC ). We are on the verge of another altcoin super cycle
Altcoin Season is just getting started!! BULLISH CROSS on weekly!
Bitcoin dominance will die down and Altcoins will take over!! Whales/bots/institutions will be moving their Bitcoin ( BTC ) into the Altcoins, meaning Altcoin Season is just getting started.
Money flows like this:
FIAT > BITCOIN > LARGE MARKET CAP COINS > MIDDLE MARKET CAP COINS > SMALL MARKET CAP COINS > back to FIAT, and the cycle starts again.
I have moved majority of my BTC and diverse them into different altcoin positions. (ETH, HBAR, GRT , XLM , XRP, NEO, SNX , BNT, BCH, ADA, LTC, BTMX, LINK, FORTH, and NKN are the some of the altcoins I am moving BTC too).
Get ready to have an explosive Altcoin season just like what happen in the 2017 bull market. Once my sell indicators hit, I will be selling my positions to buy real estate, a lambo ;) , and moving the rest to Ethereum to Stake it!
Good Luck!
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch