NOTE: Continuation of previous posts tracking total market cap and XRP price action in the short term. Failed to break above the broader descending channel we've been trading in and so we so the natural downturn from resistance. Strong support indicated on chart at 1.20 and 1.10 with of course contingency planning for my own trades for the what if price dips to 1.00, 0.90, and even 0.80. With any luck BTC absorbs the majority of this negative impact and continues to slide in dominance in turn fueling the 'altcoin season' sentiment and price action up for XRP in parallel with continued positive news from the SEC case and exchanges relisting. Updated my daily timeframe total market cap chart and penciled in potential indicators for a 1-3 day continuation in correction before bouncing back one last big time up to 2.4 trillion.
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GREEN DAYS: 6am-8am CST Hot Bull Trading (5%-15% Gain) 1045am-230pm CST Lunch Time Lull Pullback (5% Loss) 3pm-530pm CST Asian Market Wakeup (5%-10% Gain) 10pm-1130pm CST After Hours Run (5% Gain)
RED DAYS: 6am-8am CST Hot Dump on Your Chest Trading (5%-15% Loss) 1045am-230pm CST Lunch Time Lull Buying of Morning Dips (0%-5% Gain) 3pm-530pm CST Asian Market Wakeup Oh Fuck We Selling? (5%-10% Loss) 10pm-1130pm CST After Hours Is it Safe Yet Buying of Afternoon Dips (0%-5% Gain)
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Monitoring XRP closely this morning w/ alerts set for breakout buy signal.
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XRP on the 15min Chart
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We just broke out above, trade buy signal.
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TOTAL MARKET CAP:
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XRP on the 30 min with updated path
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TOTAL MARKET CAP BTC ALTS - The Case for Alt Season