XRP / USD local work. Trend. Triangle. Timeframe 1h

The charts show the developing trend against the XRP cryptocurrency dollar. At the moment, as in the previous time, a symmetrical triangle is being formed (the formation may change). On December 12, the distribution of XRP holders, according to sound logic, should pull the price up until this time. It is also possible for a local correction before the expiration of the BTC futures, or maybe not. How all this will develop is unknown, there are only more or less probable scenarios for the development of events according to sound logic.

Now there is no entry point, only an observation deck. Also watch the uptrend. Enter on a breakout or on a pullback after a breakout towards the breakout. In general, XRP looks optimistic, but anything can happen. Work on the basis of the situation that develops. Consider the even less likely results of your trading.

You can kill yourself in practice, that no one knows the exact future, but only more or less likely events according to his analysis or plan, including those who control the price or have a great influence on it. Try to manage the price yourself, choosing an instrument for yourself according to the "monetary power". As an option for a start, some kind of low-liquid altcoin for an experiment. You will see that not everything is so simple, even with large positions on both sides of the order book. You also need to understand that initially you need to gain a large position for a certain time (usually long) in accumulation, which theoretically, with the right approach, can at least partially affect the price. The more liquid the instrument is and the more it is traded on exchanges, the more difficult this process is. Even with large positions and money on the other side of the order book, you cannot predict the exact future (this rarely happens), but only more likely events in accordance with your plan. Therefore, do not “guess I know for sure”, but work on the basis of the market situation that is developing.

Trading is a game of probabilities; the one who guesses these probabilities wins more often.

Below I have attached the previous trading ideas for this coin.

Сделка закрыта: достигнута тейк-профит цена:

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Long + 14% Short 12% A channel was formed from the indicated levels. If support is broken, this channel will act as a canvas of the descending flag (bad scenario).

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Uplink. Zone of reversal or continuation of the local trend. Pay attention to the numerical value of the level. Tomorrow will be a very interesting day throughout the crypto market.

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