XRPBTC: Another Prediction Realized!! We're on Fire!!
Everyone on TradingView knows about the stock market meltdown, but the cryptocurrency world has been rocked as well. Earlier, in this article, we discussed a massive head and shoulders in XRPBTC. We highlighted the fact that the recent rally and Ripple exuberance would probably be short lived. We also noted the incredibly ominous head and shoulders pattern as Ripple failed to make new highs against BTC.
The breakdown we anticipated happened within hours of submitting the post. We saw huge momentum through the vacuum zone, as predicted. Although our exact rendition of the decline differed slightly from what was observed, all our short-side profit targets were hit including 74542 and 68583. Our bias is still short, but we anticipate some ranging or a correction to the downtrend first. After that, we can expect support in 50000's, either 57000 or 52000.
Thanks again for reading this follow up! If you benefitted from this analysis, please consider giving this post a like and subscribe to me!
The breakdown we anticipated happened within hours of submitting the post. We saw huge momentum through the vacuum zone, as predicted. Although our exact rendition of the decline differed slightly from what was observed, all our short-side profit targets were hit including 74542 and 68583. Our bias is still short, but we anticipate some ranging or a correction to the downtrend first. After that, we can expect support in 50000's, either 57000 or 52000.
Thanks again for reading this follow up! If you benefitted from this analysis, please consider giving this post a like and subscribe to me!
