the whales who saved the aggravated intense downside action will be fking with all shorters who overleverage. doesnt seem like the bulls have enough money to drive this up so im expecting more downside action unless ifinex jumps in
bitfinex reports overlapping 67% shors decreases ironically alongside downside moves in price. ive been saying this is a manipulated market since parabolic uptrend... bitfinex and tether are the ones doing it.
Still going down and we will have to reassess. currently on target for a new low and we will have to see how hard we hit that support. my bet is we are headed to a new low before the close of the year but XRP can keep moving down slowly.
We created a new low and daily close low. the first 3200 had a hard, fast, recovery but the second time around we just sit in this zone picking at support with a drop below 3200 on xbtusd. knowing bitcoin i am expecting a huge volume pump out of this range but it seems like everyone is convinced we are going lower so it could very well be the case. 3200 support is...
looks like the support has failed... a few longs with nice volume entered the space but not nearly enough follow through. we are looking at despair here and further downside action. i think we hit the support at 3k then depending on how that looks we bounce or go way lower.
looks like we are headed back down to test 3200. depending on how we land this could get ugly fast or establish a comfy new range to trade. the hard jump to the upside is less likely imo bc the short squeeze was likely to be the narrative to suit the move but a lot of shorts were liquidated with the constant pumps out of certain depths. i think the SS is off the...
This are looking really bad. the hit to 3200 was expected after the breakdown from 3500 but will we go lower? knowing the irrational behavior of BTC i sense a bounce to the upside but on a technical level i think we are more likely to head lower and break through some of the hard support leading to 2k.