History Lesson: XRP/BTC bearish till next cycle (190 days)

I see correlation between previous correction and current bearish trend, especially after the recent announcement from coinbase denying circulating rumors about adding new trading assets, not necessarily pointing fingers at XRP in particular, but rather to stop the rumor mill and perhaps avoid insider trading accusations like what happened with BCH

Beware, there will be a bullish trap right before the descent starts

Safe trading!

I'd love to hear your feedback, if you find this useful, please leave a comment and like :)

CAUTION:
Trading 101: if you're looking for other people's TA's as trading strategy, then you're in the wrong business. You gotta trade you're own strategy, make your own decisions, and take responsibility for your own actions.
With that said, every time i try to make an informed decision before placing a trade, i read other TA's, thoroughly explore the charts, and browse the market sentiment. And if things go the way i planned, i'd be grateful, if not, i don't go around throwing insults, i just learn from my mistakes and move on.


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Kommentera:

BREAKING NEWS: MoneyGram just announced their partnership with Ripple (the company). Maybe the bull trap is coming sooner than planned?

MoneyGram Announcement: ir.moneygram.co...leasedetail.cfm?ReleaseID=...

Kommentera:

Idea still in play, a bit under the proposed base but still valid

Kommentera:

Oh, and it turns out the MoneyGram partnership is still in early stages (preliminary), no real effect on chart yet