So we felt like a rock today. Something i've noticed in this drop is that it looks pretty much like the June drop. We've done the first blue part and are now hovering around 6350-6380. I guess we are going to see another drop the coming hours towards the June lows before making a little bit of upside movement as shown in the orange ellipse before finishing it off like the blue one which would take us to around 5400.
$5K has been on the table for quite some time. Even though it looked like the bulls where back, we are still in a down trend. I still expect we are going to make a new LL at the end of this month with maybe a big sell off towards 4800-5000 before the bulls are taking over.
Some bulls might disagree that it will go below $6K again. But i like to stay realistic and as long as i don't see really bullish signs, i will not be buying into this market. If you do your own TA and you know it's going to go down, use it. If you own 1000 XRP, or whatever, try to make 2000 XRP off it. You won't notice the big difference until it reaches ATH and make newer highs. And it will also make you a lot happier whenever it drops like today.
Will be updating this once we've finished this drop.
$5K has been on the table for quite some time. Even though it looked like the bulls where back, we are still in a down trend. I still expect we are going to make a new LL at the end of this month with maybe a big sell off towards 4800-5000 before the bulls are taking over.
Some bulls might disagree that it will go below $6K again. But i like to stay realistic and as long as i don't see really bullish signs, i will not be buying into this market. If you do your own TA and you know it's going to go down, use it. If you own 1000 XRP, or whatever, try to make 2000 XRP off it. You won't notice the big difference until it reaches ATH and make newer highs. And it will also make you a lot happier whenever it drops like today.
Will be updating this once we've finished this drop.
