This is worrying, is the rising wedge playing out?
2025-01-13
Category: None

I previously pointed out a rising wedge in an idea of mine, it appears it could be forming. This really isn't good news. Targets are labelled on graph. 

 BINANCE:BTCUSDT  is also dragging the price down which makes pattern validation more likely. BTC has also broke below the neckline on the H&S (high time frames) and Double Top (low time frames). This is very concerning, how will WS market react. There is a lot of fundamentals coming out this week, this could get very bloody.

People saying this is a re-test of our so called 'symmetrical' triangle. I'm still not sure.

I have been scalping the patterns so either way not too bothered about price action right now but this is genuinely concerning for the future of XRP.