@Cryptoinsightuk It’s called Trump exhaustion. He purposely says the war is on/off so many times over the last month that markets stop listening and reacting.
An American Soldier in WWII:
"Those Brits are a strange old race. They show affection by abusing each other, will think nothing of casually stopping in the middle of a firefight for a 'brewup' and eat food that I wouldn't give to a dying dog. But fuck me, I would rather have one British squaddie on side than an entire battalion of Spetznaz! Why? Because the British are the only people in this world who when the chips are down and it seems like there is no hope left, instead of getting sentimental or hysterical, will strap on their pack, charge their rifle, light up a smoke, and calmly and wryly grin, 'Well, are we going then you wanker?" 🏴 ���🇧
Bitcoin BTCUSD Stochastic Momentum Index has yet to flip bullish as it has at the conclusion of past bear markets
Crossovers tend to occur at precise cyclical timing. Perhaps the bear market hasn't concluded
I want to talk about what is probably my favourite chart in crypto right now, and that is the $XRP.D.
This is the weekly timeframe, and there is a lot going on here, so let me explain what I am seeing.
Firstly, I believe we have completed a Wyckoff accumulation pattern. Since then, we have been in what I would describe as the sign of strength phase for quite a long period of time. We have essentially been trapped between what was support back in 2018, which then became resistance from 2019 right through to the present day, and previous resistance from 2021 that has now flipped into support.
Right now, we find ourselves sitting almost directly on top of that support level around 3.387%.
If we look at the structure itself, what we can see is a descending wedge pattern forming, which is traditionally considered a reversal pattern. At the same time, volume has been diminishing as price compresses into support.
Now, if you zoom in from the weekly to the daily timeframe, something else starts to appear. We are beginning to see an uptick in volume right on top of the support level that we have been discussing. We are also potentially setting up for a weekly bullish cross, while the RSI on the weekly has already broken the strength of its current downtrend.
There are a lot of signals here suggesting that XRP dominance could be preparing for a significant move.
And if anything close to what I am suggesting actually plays out, then the amount of capital that would need to flow into XRP to drive that move would be substantial.
When you then combine that with everything we have already discussed around XLM, tokenisation, regulatory developments, RLUSD, and the broader XRP narrative, it becomes quite easy to understand why I am excited by this setup.
I do not want to go too deep into XRP again because I have already spent a large part of this newsletter discussing it, but purely from a technical perspective, this chart looks beautiful to me.
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@MarioNawfal They are not making them pray. They are showing them how Muslims pray and inviting them to try if they would like. Shoddy reporting here, gutter journalism.