Could Ripple drop down to 50 cents? Bad news for everyone...
~Latest News~
-South Korea taxes exchanges by 24.4% / Year
Reasoning:
Ripple is nearning the end of an elliot wave bear market but another crash is incoming from CME futures expiring on the 26th indicating that XRP could potentially drop Ripple down to 50 cents in a worst case scenario. This is due to the manipulation of Bitcoin so that the people who hedged against bitcoin get more paid out at the time that the contracts expire.
Conclusion - Short:
Unless you have been holding since anywhere above $2 short. Otherwise, it would be wise to just hold until XRP reaches a point where your investment hits 20% loss and you cut the losses.
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-South Korea taxes exchanges by 24.4% / Year
Reasoning:
Ripple is nearning the end of an elliot wave bear market but another crash is incoming from CME futures expiring on the 26th indicating that XRP could potentially drop Ripple down to 50 cents in a worst case scenario. This is due to the manipulation of Bitcoin so that the people who hedged against bitcoin get more paid out at the time that the contracts expire.
Conclusion - Short:
Unless you have been holding since anywhere above $2 short. Otherwise, it would be wise to just hold until XRP reaches a point where your investment hits 20% loss and you cut the losses.
~Drop a like if this helped you in anyway~
Comment:
At the moment, I am not seeing the signs I anticipated in the hours before the crash. It looks like the bears have not moved to push prices down prior to the futures expiring but there still is a chance that it could happen.
Comment:
Bitcoin:
The crash has come with an expected double bottom as it would be WAY to hard and costly to manipulate prices down below 9000 and would be against what the futures holders master plan. Bull run expected after this.
Buy: $9200 | 75%
Buy: $8500 | 25%
Altcoins: When bitcoin bottoms at these prices buy up. It is very unlikely that bitcoin will drop further.
The crash has come with an expected double bottom as it would be WAY to hard and costly to manipulate prices down below 9000 and would be against what the futures holders master plan. Bull run expected after this.
Buy: $9200 | 75%
Buy: $8500 | 25%
Altcoins: When bitcoin bottoms at these prices buy up. It is very unlikely that bitcoin will drop further.