Where to start, XRP the december hyped king but failing so much right now.
Heres the movements from ATH:
1) bottomed at 0.60 retraced back to 1.18 dollar
2) bottomed at 0.45 retraced back to 0.95 dollar
3) bottom to be confirmed??
LOWER HIGHS, HIGHER LOWS? thats what i expect. This could see us possibly hit the 0.45 region and with BTC holding a strong and longstanding support line at 6.8k we could end up bouncing up. I still and in my personal opinion think we need to make a new low. I think the bulls will flourish for a short while before finding that all key + much needed low. Personally id rather we crash now and get the bottoms in, it saves us a few emotions! ...and a few months! Ladder positioning my buys in from 0.45- 0.50 and will watch closely if break below then keeping equity to get them juicy levels at 0.3, this would of course mean BTC also finding its new low around the 5k region. A lot of talk of minors and BTCs longstanding trend line MUST NOT BREAK at the 6.8k region hence i think we might see a bounce at 0.45 so watch this region closely. The bears have been smart and will squeeze out shorts, or give us the impression as we have seen twice already that the bottom is in before breaking our hearts.
As always feedback ,likes and constructive criticism welcome! Many thanks
Heres the movements from ATH:
1) bottomed at 0.60 retraced back to 1.18 dollar
2) bottomed at 0.45 retraced back to 0.95 dollar
3) bottom to be confirmed??
LOWER HIGHS, HIGHER LOWS? thats what i expect. This could see us possibly hit the 0.45 region and with BTC holding a strong and longstanding support line at 6.8k we could end up bouncing up. I still and in my personal opinion think we need to make a new low. I think the bulls will flourish for a short while before finding that all key + much needed low. Personally id rather we crash now and get the bottoms in, it saves us a few emotions! ...and a few months! Ladder positioning my buys in from 0.45- 0.50 and will watch closely if break below then keeping equity to get them juicy levels at 0.3, this would of course mean BTC also finding its new low around the 5k region. A lot of talk of minors and BTCs longstanding trend line MUST NOT BREAK at the 6.8k region hence i think we might see a bounce at 0.45 so watch this region closely. The bears have been smart and will squeeze out shorts, or give us the impression as we have seen twice already that the bottom is in before breaking our hearts.
As always feedback ,likes and constructive criticism welcome! Many thanks
Comment:
LOWER LOWS EVEN!