So, still want to buy XRP?If you were to follow cycles...
No, I wasn’t in this trade.
🔑 Key Observations:
Cycle indicators recently showed a **bottom** on both BTC and USDT pairs, signaling a potential entry point. But remember: when picking a coin to invest in, always analyze its **historical performance against Bitcoin (BTC)** to gauge its strength in future cycles.
📊 Example: OM/BTC
How do we spot a **bullish trend**?
- By analyzing **1-week cycles**:
- Identify the **bottom-to-top range** of a cycle.
- Confirm a bullish trend when the **next cycle bottom** is higher than the previous one.
🔍 Broader Insights:
Since the duration of a bullish trend is unpredictable, we also look at:
- **2-Week Cycles**: Reveal sustained momentum.
- **1-Month Cycles**: Provide a macro perspective for long-term potential.
📌 *Cycle analysis isn’t foolproof, but it sharpens your strategy and aligns your trades with market rhythms.*
#XRP #CryptoCycles #TradingStrategy #BTC