If this pattern is completed, we will see the biggest plummet of BTC/USD. Please... don't do that... Please!! But, unfortunately, I can't find huge buying even though there were falling and falling ... Maybe we should consider the worst situation and hold our property.
I guess USD/KRW can reach 1200 dollars because US banks will control it.
BTC price reached 1.68 times after bounce at wave 2. We can expect the price increase until 80k again as extended wave 3 or drop as wave 4 until ?? dollar (I don't want to guess this price because wave 4, wave 5 is not correctly working).
By Fibonacci retracement, we can guess XRP/USD price can touch those prices.
XRP/USD price's trend changed on a middle term.
I don't want to be excited. But if the strongest resistance is broken easily, we could guess secondary resistance can be just a free pass. But it will not be easy.
History repeats itself, always. In 2019, there were boring and big triangle patterns before the start of the decrease trend. If the price is bounded at this price, we can guess BTC/USD is making a big triangle pattern. And, big triangles of BTC/USD always were broken to a downtrend at the new highest prices. I hope you guys hold your property safely.
BTC/USD retracement if the price plummet. I guess there are two scenarios. It is good for a second raise with enough collection period.
By using uptrend, we can challenge with small property.
Bullish flag. The important resistance line is 0.29 dollars.
Now, we can't get other new information from the news because SEC and RippleLab will have their first judge on Feb 22 2021 and they will not announce any valuable updates. As a trader, we can just watch buyer and seller's trading. I guess many XRP holder sold their plenty of XRPs, literately panic sell. And someone bought their XRPs. When XRP's price updated...
During a few days, in XRP/USD, the price has fallen to a ridiculous level closed to 0.2!! I don't consider FOMO or FUD from the news, but I guess XRP price's increasing trend was changed even though retracement is generated to 40% because of volumes. With the highest volume by panic sell, XRP needs collection wave for a very long time. Sure, I hoped nice V-shape...