We seem to be going through the same emotional ride as we did before in the last bubble but with just less participation and news coverage. There are now existential threats no longer round the corner, but actually upon us, Libra and regulations are not good for crypto price appreciation. Adoption, if it ever actually happens as is currently predicted, is still...
XRP playing out in a very similar pattern to BTC before its epic fall from 6k with volume steadily decreasing. We know from the bull run that coins such as LTC and ETH saw, followed a very similar pattern to BTC just a month or two later. Could the same happen for the bear trend?? looking dodgy for ripple right now especially with the recent FUD
Bitcoin has been consolidating on a trend line formed from the low of the 15th of December. If this break holds and isn't bought up by algos the target would most likely be the lower trend line of the falling wedge, around 3289 area . Structure and volume support this theoretical outlook. We also have a stoch cross as confirmation.
