🔎Alright so to keep things simple Bitcoin has lost it's cool and chilled out a bit too much falling below and out of our channel following the relatively weak support that had been showing the past few days. Thus we exited the channel once more and have fallen as you guys can see already here. This is the previous idea by the way to demonstrate the channel. ...
⚡Before I start just wanted to extend my appreciation to you all as always and my apologies for the delay and infrequent posting this month. Usually I post every day but it's been one of those busy months and I'm still trying to create this balance in life but most importantly get done what I have to get done so that I can focus on more things like this community....
Real quick TA here, following up from the last idea we are still basically just testing the waters and bouncing between them up and down but overall looks like we're gaining the upper hand when it comes to positive price action so keep note on that as well as the markings, thank you. ~ Rock '
⚡Alright so basically Bitcoin is still testing but not looking to positive as we've exited below our bottom channel mark and are looking like we may fail to regain that 200 EMA. I hope that isn't the case and support kicks in else we can be looking at another leg down and face $15,680 again. Leaving it here for now since what we're looking for is just to regain...
🌊Got XRP treading some waves here showing us another tug a war pattern. We did manage to regain the 200 EMA on the 30 minute here and we're just relaxing and coming up once again on that 0.379 mark resistance test. Curious whether or not we'll break above this time or get rejected again but at least we can see and get an idea of what we're looking at. 🌊Not too...
🔎Chart about says it all, Bitcoin is still testing and within our newly marked channel from the last idea as linked below if you want to check that out: 🔎Bitcoin failed the test first when we ended up falling out the channel to which we were rapidly approaching that $15,680 mark before some massive buy pressure kicked in likely on behalf of larger whales...
☄️Been a crazy week as we continue to deal with the FTX contagion but that's what it is, let's focus on Ripple. XRP broke out from the descending channel which we had noted in the last idea and was nice to see that breakthrough take place. Especially after having fallen below our 0.338 last mark by which my decision channel is below that starting at 0.30. ...
💥Question now is what happens next, we can clearly see the tug a war going on right now which isn't too unusual after a big fall and set of moves which have seen us hit 2 year lows. The test is still ongoing and we'll likely see the end result/grading in this next move depending on which way our tug a war chart ends up moving. That move will likely start a chain...
💥XRP has basically got this descending channel that's been throwing us up and down and all about basically though the entry and exit of our 200 EMA which has brought us to a pretty decisive point that could have us seeing a breakout or a fall further down. That would then have us facing 0.338 again by which then we may not be too lucky unless sentiment can kick...
💥Question of the hour is whether or not Bitcoin has failed the main test of managing to regain it's 200 EMA instead just barely skimming it before losing it and falling as it is right now. Price action is going ballistic both ways showing that both teams are fighting hard as they can to prevent one or the other from getting a grip as we battle July levels....
⚡As a good friend of mine said, back up the mountain. Thanks for the words Lozoot. XRP has rised up and bounced from my last idea in which I noted we were at the next big test for Ripple to see whether or not we'd break my last marking by which 0.30 follows next below for my decision channel marking. ⚡So basically we won that big test or at least have so far...
💥Welp. We can give thanks for all of this to Binance. Good job on Binance for sinking the market and starting this sell-off. Words can't even do this justice. We've broke through all of my supports to a 2 year low we haven't seen and I'm beyond disappointed in myself but most of all Binance. Thanks to them selling off their tokens it's started all of this and set...
🛑Quick TA here as we come up on the next big test for XRP right where we are. You can see we've smashed through all of my support markings and have come up to our 0.338 marking where we NEED To see support kick. We don't see support kick and regain that 200 EMA on the one minute chart at least and it's gonna be slow for us. But personally I see support kicking in...
💥Crypto market has been hit hard virtually overnight just like it was when Celsius rumors started swindling and then actually hitting. This time it's Sam Bankman-Fried's FTX exchange and his trading firm which are in the hot water right now as Alameda Research was revealed to hold a large sum of FTT tokens and SOL of which FTT is the main in house exchange token...
💥Definitely not ideal getting out of work overnight to see this but at least we had this as one of our scenario's so it's not too bad though this FTT news has really shaken the market much like Celsius did. On top of that we basically had a real big mountain exit losing that 200 EMA and the farther we got away from it the more momentum this fall gained as we broke...
🔥In yesterday's idea which was a literal warning about retracement we spoke on how past price action would likely have us seeing some big retracement and that's exactly what we've seen happen which brought us up to my closest marking below of $20,600 which we've already had marked down now for a few weeks. Tt's nice seeing a bounce form preventing us from falling...
🔥Here we've got the overall chart look and surprise surprise, it looks exactly much like the past price impulses we've had the past few weeks with the surge being followed by a fall that finds support at a higher point that when things started. I noted that in my Bitcoin idea yesterday calling out retracement and the market definitely called upon itself for such...
💥Haven't had any real retracement happen yet but I'm still keeping it up as we've yet to see anything solid. Though I could be wrong and we could simply form another leg up but I'd like to see some retracement happen first else we could be in for a storm if bears wanted to hit us with a real good mountain exit up there and cause a sell off as they've done before....