Crypto Market Momentum; XRP; - This Week's Surge Next Week's Bullish Outlook

at this point when the price was near $59,000 we argued the price is going to go higher and hit a resistance which resistance this particular trend line now you see that the price did hit that point what next is the point the real question then becomes what should you be looking it now that's way you come back into your senses saying if you didn't break that resistance you should revisit the local Bottom now the local bottom is 57800 so that's Bitcoin seeing now yes at that point you should also understand this is a macro pattern a medium-term range inside which the price is still hanging on to the proper argument yesterday was made because of the price to volume how does the price volume look like today for Bitcoin for xrp is the price action showing you something which it was already arguing that's where the SI family comes into the picture we talked about this possibility when the price was here the argument was the price structure would look like this and XP just showed you it is looking just like that so if you want to participate with 1,200 members for hundreds of different Assets in the crypto Market to be ready to ride the next wave join the party use the link in the description below to reach the scientific investor family welcome to the scientific investor family where the normal retail guys get to learn how to become the next top 10% of this world if you do break things down to see okay we did this we did this but what next for xrp you can look at the xrp Bitcoin chart you can look at the xrp chart itself when you do look at the xrp Bitcoin chart it is still in a position that it is consolidating but we didn't get a break to the upside or downside odds about you may still follow back to the downside fine we understand that now we look at the xrp USD chart on a weekly as I was arguing the weekly candle close was not bullish last time yes the candle closed with positive moves but that does not show you it was bullish because we got rejected here now that we are traveling to the downside next weekly candle close is very important if you do see the candle closing somewhere close to the current price. 56 or below that means the odds of price coming back down to 045 to 49 at least has higher odds now why those different levels if you do put a horizontal line at this support you can see 49 is a strong support if the volatility is not getting adjusted and you're going for the ABC yeah you may break the0 49 you you may literally come back down to 45 that is going to be the range now the question then becomes like okay how many of you are willing to watch that play out watch what play out this this is the macro trend line if the price come back down to that range it can touch 43 but that would be a perfect opportunity for a lot of people so I don't expect the Wales to give you that opportunity it may come down maybe 045 but not precise at this level or they may confuse you by coming back down to 0 41 saying this trend line is breaking but then bouncing back from there those are two things to look for the RSI is already trying to make a double top which is not positive which means it's going to retest this range while it retest that range price can do like this now look at the altcoin market as a wall do you see similar movements there yeah not on a macro chart you'll have to start zooming in say a daily you go on a daily you look at the price to volume you see that there is been a lot of selling pressure in the last two daily candles but the price didn't drop which shows you buyers are taking on buyers are entering into this Market okay okay then we look at which side it can go right now they're fighting inch to inch showing at one point it's buying volume at another point it's selling volume so they are really neck on neck trying to push this to the upside so Bulls are not moving back they are moving in even though the price is going down total allcoin Market shows you Bulls are trying to enter now we come back down you look through all of this phase and you see the volume was substantially similar but you didn't break to the downside now price structure wise you have done the one the two the three the four and you need to see this and that way if you you're buying you should be buying that can be the buying range for a lot of alt coins in this market which would then conceive okay I've done the real move to the upside here I've made a local high and I'm moving back up that would be the perfect idea now say you go back on the macro you want to visualize the same on a macro chart you're like okay that move is making a proper base here which is again positive because the RSI has been showing you bullish move so if the RSI can revisit this trend line and bounce off that is one of the perfect opportunity which you will get now look back at the history we didn't get the perfect opportunity there that's what I was arguing in xrp 2 if you come back down to hit this trend line that would be too easy for the retail to say huh that's a 3-day chart this is the opportunity I'm looking for let me go in the Wales may not always give you that sometimes they do this they just make a higher low and bounce off they don't give you the perfect price to buying so that you form more in afterwards so what should you be looking for say you're a conservative guy you're waiting for this breakout that's all that you want which means if you're taking the total altcoin market and looking at it now you're waiting to see the RSI break 51 or 52 if you're conservative say 53 fine at that point you know the pattern is reversing you're breaking back high the price is about to Rally now this is not onetime event it happens every now and then we have seen different types of movement in the market whenever you get a breakout there maybe it's going to retest and bounce in both ways that breakout is what you are waiting for and now say that's the total altcoin Market different altcoins will react differently say you take a small cap coin in payment side so you are big in payments you're looking at a small cap now what you're watching is that it is making a double bottom which is a perfect thing to watch on a macro scale at the support Zone when you make a reversal signal at a support that reversal usually plays out very well now where is your resistance at that point your resistance is somewhat close to this range so you need to see the price bouncing back up and breaking this trend line now if you do look at the macro chart for this asset all that this shows you is one thing the the price structure on a macro was trending lower trending lower then the momentum to the downside faded it's started pushing in to make a new high barely a new high but it did then it grinded higher broke all of this then you came back down now do you remember any asset which showed you almost exactly the similar price structure before a big big burst now this is not in 2017 in 2021 say you take up the price action of Dent so you can take the same chart it's okay you come back here you take a look at dent and it is arguing the same thing the price was trending lower and the momentum to the downside reduced then it broke through that range and it came back down to make a Bo bullish continuation pattern after which it started grinding higher slowly at the beginning and then boom it went up so if that's what you're watching in a lot of these small to medium cap assets there is something coming in for all of these assets and that's why I was saying see you look at Dent itself in the current price structure and you see history rhyming or repeating you have similar price structure you go down you slow down to the downside then you barely make the high then you then make a new high consolidate into the same price structure so it's not one asset which is showing you watch for the assets which are showing you a bullish Divergence the moment you see the price is going down but the RSI is going up so you have to take the RSI not the volume take the RSI and you see it's going up huh now you know something big is coming in for the asset it may make a revisit to this trend line but the burst to the upside is going to be exceptionally big that means these price action should be learned and understood correctly that's why in the family we're going through a lot of different assets a lot of them if you go into the SI family right now as a visitor and you're looking at a lot of these post you can see say maybe you only have one asset in your portfolio which you're confused about maybe it's Chip maybe it's HB maybe it's MDT now we can just pay for that just one and see huh does that work for me now in a week in a month or two you get to see whether that played out or not this is going to be the perfect opportunity right now when the market is building the bullish Divergence so position yourself very well understand your expectation to the way you have designed your portfolio and if you need help use the link in the description to reach out and we'll go through we'll take a video call go through your portfolio discuss all that comes into my mind based on your portfolio so guys if you received value smash that like button for me I'll meet you guys on next video bye for now