If we follow the alt coin cycle from last may where XRP topped which was followed by a large sell off in the crypto market then a rally for Ethereum based coins, Xrp in this case has topped. So now we are in the phase where xrp recovers to around 75% of its value from the high to around $2.4-$2.6 area. In the mean the mean time Ethereum should make new highs and go to around $2.5k where all alt coins will top. I believe that BTC has already topped for this cycle and I stay with this bias as long as it doesnt break 17k again. Good luck trading guys this is just my current outlook for the market.
Komentar:
Breakout should be today or tomorrow
I believe we are coiling for a very large move to our target area of atleast $2.2