Hey guys!
Gonna keep this short but basically ever since we called out that start of the death cross and the mountain fall as marked above already XRP has tumbled down alongside Bitcoin and the market which itself has also fallen amid all going on right now. I told you guys yesterday to watch those support lines I already had down as well as those resistance points which would show us how things would go. As we fell through support after support that's brought us down to 0.32 on our HTF levels of which we've bounced off now since that was a strong support point.
Based off that HTF bounce we could potentially see things reverse from here but as I noted in the previous Bitcoin idea we also just posted, I let you guys know that we moved within that descending channel and Bitcoin will now have to figure things out and exit that descending channel for things to move back to 'good' territory in the least considering everything that's going on including 3 Arrow Capital's liquidation.
So watch what happens and look at those levels we've already got marked to tell you a lot! Those will be the new resistance points as we move up and notice how we failed to break above that descending trend line I marked a few ideas ago. I let you guys know that we could potentially face rejection with that trend line and continue descending following that death cross formation. And that's exactly what happened as we not only faced that but got pulled down as we fell through support after support line. Right now we're at 0.32 which is that next resistance point so watch to see what happens! But it definitely won't be an easy or simple week! That much I can say. Read my previous XRP idea from yesterday in which I told you guys to watch that descending trend line! Read for more detail.
Thank you guys for tuning in and leave a like and follow to keep posted and tuned in for all my trading ideas! Thank you and keep well!
~ Rock
Gonna keep this short but basically ever since we called out that start of the death cross and the mountain fall as marked above already XRP has tumbled down alongside Bitcoin and the market which itself has also fallen amid all going on right now. I told you guys yesterday to watch those support lines I already had down as well as those resistance points which would show us how things would go. As we fell through support after support that's brought us down to 0.32 on our HTF levels of which we've bounced off now since that was a strong support point.
Based off that HTF bounce we could potentially see things reverse from here but as I noted in the previous Bitcoin idea we also just posted, I let you guys know that we moved within that descending channel and Bitcoin will now have to figure things out and exit that descending channel for things to move back to 'good' territory in the least considering everything that's going on including 3 Arrow Capital's liquidation.
So watch what happens and look at those levels we've already got marked to tell you a lot! Those will be the new resistance points as we move up and notice how we failed to break above that descending trend line I marked a few ideas ago. I let you guys know that we could potentially face rejection with that trend line and continue descending following that death cross formation. And that's exactly what happened as we not only faced that but got pulled down as we fell through support after support line. Right now we're at 0.32 which is that next resistance point so watch to see what happens! But it definitely won't be an easy or simple week! That much I can say. Read my previous XRP idea from yesterday in which I told you guys to watch that descending trend line! Read for more detail.
Thank you guys for tuning in and leave a like and follow to keep posted and tuned in for all my trading ideas! Thank you and keep well!
~ Rock
