Imminent channel breakout long, too much pain has been had already based on fears of being left with untradeable tokens which won't happen. XRP here to stay.
4,200 is strong psychological support and breaches the point where average people can start to buy 1 BTC. Inv. head and shoulders forming, I am expecting. Two bearish divergences. Latest channel break to the downside was very, very weak.
Bulls are jaded by the previous highs, 7.5k rejection has killed the party. Currently setting up for a 6.5k rejection on a daily head and shoulders with a rising wedge that will be rejected to the down. Bulls are tired, and ain't no-one excited to shove another dollar long in this baby.
Weak support on all 4 levels. No idea where the bounce will be. I traded this one up and it was fun, thanks VET, but now, avoid. Buy on a strong green bounce but the bounce could be anywhere; this'll be fun. Get your popcorn.
Looking to buy the XRP at the 0.00003500 level. XRP is still falling but 0.00003500 is a great support and based on the fundamentals, it will bounce at a higher level than the last time. The wave pattern is almost complete.
BTC going to break down from this continuation pattern. It'll take a while but this time, 5,800 will break. Bulls are dying after failing at 7,500, which I'll remind you is only 25% up from the 6k floor. Many small continuation patterns and embarrassing failed rallies will continue until the bulls are completely dead. More pain.
