⚡️ Alright alright. Well we're back with it again, this time with a quick lighting idea for you guys, a real fit for this stormy weather we've got today going on where I'm at. Anyway let's just get started, thanks for tuning in of course, hope your all doing well as always.
⚡️ In that last idea of ours we honed in on a couple things and possibilities as Bitcoin was hitting that All time high and it seems we ended up getting the latter with the fall after that impulse wave up with our rocket of an ascent up to 0.736 cents for XRP and Bitcoin's basic All time high on the 13 of $73,083. Economic inflation data didn't hit too however great in the least to say and
⚡️ Right now we can see that we've had this descending channel form since XRP's jump up and it's pretty simple to see what we're dealing with, we've got these two descending lines, channel that's formed which has been the main thing to drag us down for the most part. That being said 0.57 seems to be our support level right now and I'd set an alert below that in case we slip back down below that.
⚡️ Main thing I'm going to be looking out for is a breakout from the descending channel here. That should help us get the move up and out from this descent that I'm sure bulls are looking for and waiting on though a lot of that will likely be thanks to Bitcoin's next move if it can face it's current hurdle as shown below:
⚡️ The chart overall speaks for itself for the most part thankfully. We can see how Bitcoin after hitting that All time high did have the retracement which is super fair considering it was an all time high and everything but that in turn ended up forming a head and shoulders pattern which was a pretty bearish confirmation and we can see the fall that ensued after before support was found at that $61,500 point. Definitely set some alerts there in case we fall below that.
⚡️ So yeah the main thing here that's likely gonna play a role on the market in the next few days is whether or not Bitcoin can face that hurdle of resistance at $69,000 and $73,000 of course so after. Chances are if we end up pulling up and failing to break that then we'll more than likely get some sort of reversal or further retracement and retest that $61,500 support so set some alerts for that $61.5k and 69K if you want to keep an eye on those essential 'pivot points'.
⚡️ Like I said this was going to be a lightning idea and that's that, I simply wanted to give a quick insight on my perspective on stuff and what I can see, identify going on right now, at least in my own view point and all. So thanks for coming by, stay tuned for more as always and till next, wishing all the best of course, can't wait to see what the future holds!
~ Rock '
⚡️ In that last idea of ours we honed in on a couple things and possibilities as Bitcoin was hitting that All time high and it seems we ended up getting the latter with the fall after that impulse wave up with our rocket of an ascent up to 0.736 cents for XRP and Bitcoin's basic All time high on the 13 of $73,083. Economic inflation data didn't hit too however great in the least to say and
⚡️ Right now we can see that we've had this descending channel form since XRP's jump up and it's pretty simple to see what we're dealing with, we've got these two descending lines, channel that's formed which has been the main thing to drag us down for the most part. That being said 0.57 seems to be our support level right now and I'd set an alert below that in case we slip back down below that.
⚡️ Main thing I'm going to be looking out for is a breakout from the descending channel here. That should help us get the move up and out from this descent that I'm sure bulls are looking for and waiting on though a lot of that will likely be thanks to Bitcoin's next move if it can face it's current hurdle as shown below:
⚡️ The chart overall speaks for itself for the most part thankfully. We can see how Bitcoin after hitting that All time high did have the retracement which is super fair considering it was an all time high and everything but that in turn ended up forming a head and shoulders pattern which was a pretty bearish confirmation and we can see the fall that ensued after before support was found at that $61,500 point. Definitely set some alerts there in case we fall below that.
⚡️ So yeah the main thing here that's likely gonna play a role on the market in the next few days is whether or not Bitcoin can face that hurdle of resistance at $69,000 and $73,000 of course so after. Chances are if we end up pulling up and failing to break that then we'll more than likely get some sort of reversal or further retracement and retest that $61,500 support so set some alerts for that $61.5k and 69K if you want to keep an eye on those essential 'pivot points'.
⚡️ Like I said this was going to be a lightning idea and that's that, I simply wanted to give a quick insight on my perspective on stuff and what I can see, identify going on right now, at least in my own view point and all. So thanks for coming by, stay tuned for more as always and till next, wishing all the best of course, can't wait to see what the future holds!
~ Rock '
