RosarioTomasello

Short term market trend with BTC comparison

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BITFINEX:XRPUSD   Ripple
I think the graphic is self explanatory. Strong price correlation right now, small H&S forming in BTC that could confirm a bigger one, and it should happen in 2 days, the same day weekly MACD for BTC will form a deathcross and push it to the downside. We will assist to a fast capitulation of XRP price, touching the 0.21$ (I think). Also, this will be the signal for the start of a very powerful bull run. I think that becouse in the meantime XRP-BTC weekly MACD has almost formed a golden cross. As soon as BTC goes down, XRP-USD will follow. But shortly after, becouse XRP-BTC will go up, we will assist to a weekly XRP-BTC golden cross formation, confirming the start of a bull run.

If the bigger H&S for BTC won't form, this idea is 100% garbage.
No financial advice (of course).
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