Ok I gotta be honest, I haven't followed the cryptos until the mania exploded recently. However, being myself a deep believer of technical analysis, the same principles should apply to any asset with decent liquidity an volatility. Here are the most interesting technical patterns.
XRPUSD- Current 4 Hr chart is a consolidation. Despite the huge run up of the last week, it brokeout a 7 moths consolidation and the crypto volatility is so high that is likely that we can see another leg before a mayor consolidation. Bottoming Tails (BT) at the bottom signals accumulation.
IOTUSD- Was one of the first december explotions. Seems that started another leg up, however don't expect the same explosive run up. Currently doing a PB in the 4-Hr
XMRUSD- Exploded in October after a nice 2 month consolidation. Trend accelerating instead of showing signs of exhaustion. Look for a 4hr or 1hr entry
Remember--> CAUTION IS MUST in the current cryptomarket. USE your stops and a wise money management. This is volatile market and some run ups will be already exhausted. December up leg have been so explosive, that some "pullbacks" we see now, could actually be topping patterns.
Be careful, trade well and Happy Trading!!
Thx man for your valuable insights!
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