In this video I analyze the cryptocurrency market. I review the Ripple XRP chart, XRP Market Cap Chart, Bitcoin Chart, and the Altcoin Market Cap Chart.
We have seen a tremendous amount of capitulation in the last 5 days. We have also seen the DXY U.S. Dollar Currency Index retrace to the 0.786 retrace level. Capitulation of cryptocurrency occurred during this retrace.
Let’s do some technical analysis and find the optimism, in a world that is otherwise gobbled in extreme concern.
Hi, I am the Blockchain Backer, bringing you the latest crytocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts.
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DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions.