JoeSaz

JoeSaz

june futures trading well below perp and march contracts. historically a great thing for price and heres a 15 min view. white line is perps

JoeSaz

bears

JoeSaz

no buyers means sellers compete to sell. id imagine altcoin death in the thousands coming soon.

JoeSaz

the whales who saved the aggravated intense downside action will be fking with all shorters who overleverage. doesnt seem like the bulls have enough money to drive this up so im expecting more downside action unless ifinex jumps in

JoeSaz

just a little money war and someone lost big. welcome to the wild west

JoeSaz

they have all your data and history... and they trade against you. traders beware

JoeSaz

parabolic move to the upside isnt a new thing to btc.

JoeSaz

bitfinex reports overlapping 67% shors decreases ironically alongside downside moves in price. ive been saying this is a manipulated market since parabolic uptrend... bitfinex and tether are the ones doing it.

JoeSaz

someone tell me this isnt manipulation

JoeSaz

Things are happening! place your bets but either way the move will be double digit. im bearish still so im leaning with the crowd.

JoeSaz

Here is a bearish market comparison. 2014 on top current on bottom.

JoeSaz

if i was to compare apples to apples i would say we are going lower. 3000 was strong support and slightly convincing bottom but my target is low 2k.

JoeSaz

Still going down and we will have to reassess. currently on target for a new low and we will have to see how hard we hit that support. my bet is we are headed to a new low before the close of the year but XRP can keep moving down slowly.

JoeSaz

the 2018 low has now become resistance. this is very bad for the price and I cant see this going anywhere other than down. sorry guys no hopium here.

JoeSaz

We created a new low and daily close low. the first 3200 had a hard, fast, recovery but the second time around we just sit in this zone picking at support with a drop below 3200 on xbtusd. knowing bitcoin i am expecting a huge volume pump out of this range but it seems like everyone is convinced we are going lower so it could very well be the case. 3200 support is...

JoeSaz

looks like the support has failed... a few longs with nice volume entered the space but not nearly enough follow through. we are looking at despair here and further downside action. i think we hit the support at 3k then depending on how that looks we bounce or go way lower.

JoeSaz

looks like we are headed back down to test 3200. depending on how we land this could get ugly fast or establish a comfy new range to trade. the hard jump to the upside is less likely imo bc the short squeeze was likely to be the narrative to suit the move but a lot of shorts were liquidated with the constant pumps out of certain depths. i think the SS is off the...

JoeSaz

This are looking really bad. the hit to 3200 was expected after the breakdown from 3500 but will we go lower? knowing the irrational behavior of BTC i sense a bounce to the upside but on a technical level i think we are more likely to head lower and break through some of the hard support leading to 2k.