Sudden XRP & BTC Price Surge incoming - Explained: What is about to Happen?

when the daily candle just closed in the downside territory if I'm to tell you that I see a possibility that the price bouncing from here maybe to 62 maybe to 64 but why how will that affect altcoin Market especially take a look at xrp if Bitcoin shows you a bounce and xrp Bitcoin shows you a downside what does that mean because the news should be understood the stock market impact should be understood even though the revenue report is 3.8% higher than the expectations the price action is muted and that's on the stock market side of things with the higher risk assets how will this impact the crypto market and what should you be looking for welcome to the scientific investor family where the normal retail guys get to learn how to become the next top 10 person of this world what you're watching in front of you is that xrp is still strong it's still holding that micro trend line even though Bitcoin broke that to the downside and closed on The Daily xrp shows you it's strong Bitcoin broke below but then you start to look through okay are we missing something are the whales doing something beneath what we can see and then you get to understand the fact that the price action was a doe and this is at a time when the volume of sellers who entered the market in last 24 hours was much higher than the previous candle if you look at the previous candle the downside was much bigger you don't even have to measure at that point you get to understand something huh if more sellers enter the market and still the price didn't drop that means someone on the other side is buying this that's Bitcoin yeah I agreed that's Bitcoin but then it shows you interest in the crypto market so what we are watching is that price action is showing you that in this region the price is trying to make a reversal structure so yes that's on a daily you zoom out go on a 3D and you get to see we have not changed anything we're still in this range and that's Troublesome because that plays with your patience the timing is is the hardest part so when it plays with your patients it's really hard so unless you zoom out and observe the price action and ask the question say you can add the moving averages to simplify where we are you get to see the shortterm moving average which is the 20-day moving average which I'm using here is actually slowing a bit down while the 50-day moving average is still going to the upside and between that time you made a local bottom to go for your wave tree now why is that important here if you understand the fact that we did the one the two and the three like this now you would look for the one the two and the three as well why we are giving the same room the same region price action all those things are coming in picture you're just erasing a ton of volatility using those two moving averages and it suggest last time while you observed that the macd was here the magd is almost at the same territory the price action to the RSI was showing you it was kind of close to 41 towards 45 now what were the RSI s 45 48 it's at similar region so the indicators are starting to give you an idea we are preparing for wave three the wave structure if you are a wave guy you are kind of getting almost the same results so yes that's the trouble you know that it's about to go higher but then you go on a macro chart and you say huh we're still in a bull flag we understand that this asset will rip higher but on a short term when you zoom in a daily a 4H hour whatever you are looking at it kind of gives you the idea we are in a consolidative mode and whatever bounce you may see here can be a micro one it can still consolidate here it can still play out in this pattern and that can break higher after 2 3 weeks but then that's playing with your emotion that's playing with your patience unless you have a ton of discipline it's going to be hard to go through that say you go into the altcoin market you're looking at ether this is where you are you broke to the downside you retested that region 2900 then you came back down close to 2300 this was the territory which I told you guys to watch when we were bouncing off from 2300 now we are doing that and while we're doing that what should you be looking at the thought process which the RSI is delivering is that we're trying to break higher from a trend line resistance which has been there from Feb 2024 so that's like 6 months of resistance which if we break now shows that we're going back to at least test this trend line as a resistance which is the fact that saying okay ether from this point can go test this resistance which is going to be at 40% run up and if ether can do that 40% run up then asset like xrp may break higher assets like xrp can give you that momentum because they are strong now they're not breaking lower so then you zoom in you want to see is there a trap now if you look at the volume to price we got way higher buying volume compared to the previous small buying volume here but then it is showing you the price didn't go up so sellers are still active in this asset whether we like it or not right and we just saw bullish news did not materialize in that way for NVIDIA which still has the high which still is at the higher end of the price territory but still the market is not responding positively so you go look at the dollar huh dollar had a micr bounce and that can be one of the reason but when you're looking at Dollar you're watching the fact that okay that's not looking like a reversal that does not look like a macro change in the trend rather it's just following a micro trend line so you are observing this kind of a drop which may be increasing in momentum so instead of going with this trend line it is now showing you rather than 102.5 I may get rejected close to 10 1.6 now that shows a lot that speaks a ton when you on a weekly chart the macro is starting to look just like what we detailed in last video if you're here and you didn't watch last two three videos watch because the price action is doing almost exactly as we spoke and if that's true you are near that opportunity zone or you are at the end of that territory in the crypto Market how can you reinforce that thought process or validate that is it true is it not you come here you're looking at the price action you're observing that yeah the price is slowing down on a weekly chart the price is slow but what can you see we are forming an inside candle usually this kind of a structure push the price down to test the bottom but but now we're not doing that we behaving properly so you're like okay let me see what's happening inside that so you zoom in so you go on a 3-day chart you're like the trend line is still the same the price is following that channel there is no difference that's a bull flag now you have a micro trend line which is being respected xrp is in that category usually when the total all coin mark shows I'm bullish xrp is not participating in that right now when the market is saying I have bullish Divergence and I'm continuing the same xrp is joining the party I mean that's something to look for because if this Market is about to bounce and break further to the upside this time around it feels like xrp is about to participate well say you want Clarity you zoom in you want to see what the noise level look like and that's way the total altcoin Market shows we had a lot of selling volume in last 24 hours but that did not materialize in a long shaved candle to the downside rather it ended up as a DOI so someone is buying heavy in the altcoin side so if we are to look for the shortterm summary of what's happening in next 2 or 3 days we may get a bounce now what do we want we know the fact that there is a trend line resistance running like this so we want to break that so if the altcoin market in percentage terms is bouncing say 6% Ah that's still the resistance but if we can break that go up 7 8 %. that's a break through this key range or a pattern which would then signal yeah you are starting something big so you go on a weekly and argue the fact that okay if we are doing that that's not just on a daily if you go on a 3-day if you go on a weekly that breakout is valid on higher time frame and then you get to understand the fact that huh last time when you did this it was something like this the price action was below the moving average now you are in that category in that territory the price to RSI was showing you it's rounding up we're getting similar wipes here that means a burst through here is all that we want let's follow the market and see what happens while we do that if you're like okay there is a ton of Assets in the market and I'm interested in a lot of them especially when you're looking through the first 100 the next 100 and you're asking the question which one looks like an opportunity to focus next two months next two weeks if that's you the S family is there to help you you can use the link in the description to reach me to do a one-on-one session talk through your portfolio get a detailed understanding of how you are aligned and what your expectations are does they does it really match your expectation to the way you have set your portfolio does that match if it does that's a good thing so guys if you receed value smash that like button for me I'll meet you guys on next video bye for now