RIPPLE Technical Analysis Jan JAN 21 2018

in #ripple • 6 years ago

Hey everyone. I've decided to start doing weekly technical analysis videos for the cryptos that I'm interested in.

Mainly because a lot of the ones I see are just terrible.

TA is not a magic ball that will tell you exactly what will happen. If it were, the profits would be arbitraged away.

What TA does show you is the aggregation of market participant psychology. It shows you how many people bought and at what price. Those pieces of information can give you insight into how people will react to future price movements.

No TA is perfect. Do your own research before making a trading decision!

The XRP uptrend is broken. We had a nice bullish capitulation at the most recent support level.

The next few days will be critical to determine if the strong hands are in control or this is a dead cat bounce.

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#technical #analysis #xrp #dtube
6 years ago in #ripple by
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     6 years ago 

    Ripple is like my mistress. She isn't always in the lime light, but i still love her!

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