BTC THE LAST WEEK
We have seen a huge jump in the alt coins the last few weeks with Bitcoin being the extreme leader and everyone following closely with the utility. We saw BTC going into a small retrace as it prepares for a new level of resistance to break. The utility is also being seen as a possible better safe option with the possible future of most companies and the world is not taking the conflict in Russia without huge financial loss. Bitcoin should continue to steadily grow remember to look for the levels timing will make profiting easy.
XRP PICKING UP STEAM AHEAD OF A POSSIBLE COURT RULING AS XRP COMMUNITY BELIEVE VICTORY IS NEAR
Xrp has been trading sideways for so long it was not doing much loosing more than most crypto curacies. It has almost gone completely silent. Well maybe the coin has been silent but that's not the same for the xrp community. They have always been very busy on social media and that paid off as the utility saw a huge increase in social media attention. That has sparked a huge buy in for XRP and there was about 300 million xrp sold off by whales. That sell off has not stoped the price as xrp is reaching and playing with 0.58 the last 24 hours . There should be a euphoria effect if the coin reaches the $0.60 range witch could see alot of holders happy and sitting with good gains and looking to cash those gains out. This could bring about a market correction maybe dropping the price by as far as 60% but that could also be a good thing . The price should go above $0.75 before the judges final decision is made public. This has the potential to be very exciting as XRP looks to reclaim and even de throne who ever is in the way.
ALT SEASON IS HERE LET'S GO TO THE MOON
We have been wanting alt coins to take off and most have been slowly just following BTC but the last few weeks we had some huge gains and leaps by some coins. With most alt coins closely following big broder btc. Algo has been slowly going on and in just a few hours it rose with about 15% -16% . It broke away from the BTC trend and started filling XRP as xrp rose about 26% in the last 3 days . There might be a bit of resistance but we can handle anything .
QUICK TRADING THOUGHTS.
BTC is looking to break the 28k range and will be peaking at the 29k range well that's my belief. The utility will then be entering a rest or side trade period. So starting at arundel $28500 and putting a stop loss at about $27500 and a take profit at about $29300 should bitoin retrace it could fall back down to 22k range. Be careful for XRP there could be a bearish pullback around the corner.
.That's all from me DerbycuzXRP till next time
Ttttttttttttttoooooooo Tttttthhhhhhhheeeeeeeee Mmmmmmmoooooooonnnnnn Lllllllaaaaaaammmmmmmbbbbbooooo
Please remember to do your own research before investing in any thing. This is not financial advice and I am not a financial advisor . Make sure you see one before making any investment in any crypto coin. I do this for your entertainment only.
