BitRitch
@t_BitRitch
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BitRitch
Hi traders! Currently i'm in a short I have set my TP's In the mean time I will look for some nice long scalps while staying in my short trade # no financial advice # DYOR Kind regards, BitRitchHIT TP1
BitRitch
Would love to see this before going higher with XRP/USDT.`lost first support now we can look for lower and take the overal low!
BitRitch
While posting this post, my alarms went off. Target been hit let's see if it holds.
BitRitch
Some nice confluence in this area we can expect a nice reaction from here. Let's see how this plays out.
BitRitch
XRP got rejected from trendline and and now heading to my next target.
BitRitch
Is the overall Bull trend over? Or are we in the middel of this cycle? According to this analysis we are in the middel of it and have not reached the cycle top yet!
BitRitch
This make sense if you look what happend in the past. This cycle should end in December. Let's keep this in mind;) for me i just trade what the charts are telling me. First we have to reclaime some important levels before i flip bullish.
BitRitch
As you can see we did break and retested this former resistance line that now act as support and will in the future may we break down. Now let's break the 11 Year resistance on the weekly to 217K Bitcoin! ( check weekly resistance below )
BitRitch
Bitcoin is trying to break this 11 year resistance, unfortunately we've got rejected again during the Evergrande news last night. This is the level to watch for the upcoming weeks. If we break this resistance blue skies ahead and retail investors will fomo in pumping Bitcoin to 217K by December. We already broke resistance on the monthly time frame check this chart below!
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