Expecting a normal retracement to the upside with solid resistance levels around the 61 and 78 fib (at these levels I will be taking some holdings out of the market). This will line up with a move to the upside on the BTC chart. after this retracement to the upside has been fulfilled, there will likely be a major market crash bringing XRP to around 20 cents (where I will buy back in).
The move up will trick people into believing there is a recovery pump, and get them on board for longs. However, this pumps will happen so big players can close the remaining of their positions, squeeze the max amount of money out of retail before fully dumping on them and crashing the whole market to buy back in extremely cheap.
Do whatever you wish with this insight, just advising everyone to be smart about it!
The move up will trick people into believing there is a recovery pump, and get them on board for longs. However, this pumps will happen so big players can close the remaining of their positions, squeeze the max amount of money out of retail before fully dumping on them and crashing the whole market to buy back in extremely cheap.
Do whatever you wish with this insight, just advising everyone to be smart about it!
Comment:
Expecting the first upside target (at the 61.8) to be hit within this week, maybe next week!
