⚡What's up everybody, just here to share what I can per usual. Following up from yesterday's idea in which we indicated to watch for the point of our red market at $19,550 as it'd set the next stage as well as that EMA. Here's the idea as well as the link if you'd like to click on it to read the post.
⚡And now here's our current chart:
⚡Point per mark we failed that resistance test when we failed to break above in any solid form only showing a lot of sideways price action and resistance. We did get pulled and managed to get back up but that was short lived as we failed to materialize anything strong and so we've lost that 200 EMA by now.
⚡Main this now is just we avoid falling below $18,950 or lower as we'll be facing those new retests of lows most likely and we just wanna hold above and find support at some point soon hopefully though admittedly we have lost the 200 EMA in quite a strong way of the mountain fall so we'll have to wait to see where things take us next.
⚡Leaving the idea here for now but it's definitely not something we like to see, Bitcoin continues these retests and failing and we increase our odds of facing lows blow our $18,000 mark and none of that is ideal but it's definitely a real possibility with the resistance we keep getting here though this is Crypto and with XRP's case going on and the case development of the Judge presiding of the SEC vs XRP case ordering the SEC to turn Hinman documents over to Ripple Labs after a dispute that has gone on for months. That can really change a lot depending on the outcome so that's something you guys should be aware and noted on.
⚡None of this is financial advice and is simply a Rock's idea of things. Always act responsibly and do your own proper DD before making any choices as per usual, if you'd like to leave a like or follow it'd be much appreciated, thank you.
~ Rock '
⚡And now here's our current chart:
⚡Point per mark we failed that resistance test when we failed to break above in any solid form only showing a lot of sideways price action and resistance. We did get pulled and managed to get back up but that was short lived as we failed to materialize anything strong and so we've lost that 200 EMA by now.
⚡Main this now is just we avoid falling below $18,950 or lower as we'll be facing those new retests of lows most likely and we just wanna hold above and find support at some point soon hopefully though admittedly we have lost the 200 EMA in quite a strong way of the mountain fall so we'll have to wait to see where things take us next.
⚡Leaving the idea here for now but it's definitely not something we like to see, Bitcoin continues these retests and failing and we increase our odds of facing lows blow our $18,000 mark and none of that is ideal but it's definitely a real possibility with the resistance we keep getting here though this is Crypto and with XRP's case going on and the case development of the Judge presiding of the SEC vs XRP case ordering the SEC to turn Hinman documents over to Ripple Labs after a dispute that has gone on for months. That can really change a lot depending on the outcome so that's something you guys should be aware and noted on.
⚡None of this is financial advice and is simply a Rock's idea of things. Always act responsibly and do your own proper DD before making any choices as per usual, if you'd like to leave a like or follow it'd be much appreciated, thank you.
~ Rock '
