bitcoin
btc
btcusd
btcusdt
headandshoulders
ripple
supplyanddemand
supportandresistance
trendanalysis
triangle
wedgepattern
xrp
xrpbtc
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Based on Supply/Demand Zones, these are the 3 most likely areas of consolidation or rejection for XRP/BTC. Probably a consolidation at the first level then a rise into solid rejection at later levels as either Bitcoin resumes an uptrend or Ripple cools and sells off a bit. Ripple being unlimited fundamentally versus Bitcoins limited supply will possibly help...
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The next 3 to 4 days are going to be interesting. There's both a bullish falling wedge and a symmetrical triangle with a potential formation of a bearish head and shoulder's pattern, and upward price momentum currently may be slowing approaching the 50% Fibonacci. If momentum dies before it crosses that 61.8 to 78.6 area or fails to clear that down-sloping...
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