Bitcoin Hashrate Now: 163.76 EH/s
Bitcoin Dominance Now: 51.52%
Bitcoin Price USDT Now: 49.000
I continue to bet on a downtrend.
Bitcoin falls to 44.000 line, and we enter, probably the final market correction,
causing big wallets to try the same shenanigans from yesterday;
Despite rapid decrease in BTC price, XRP had a quick rise, before following BTC down.
Short squeezed.
I put "market emotions" on the chart, serves as a reminder to me, what NOT to feel.
I put numerals "1, 2, 3, 4, 5" on the chart. I'll explain:
Forget 1 and 2. We are in "area 3" now.
3 Will continue down to "area 4" sometime in the future. Even if BTC consolidates at 47.000.
Why would it go down to 4 though? Easy, XRP started on .17-.30 this bullrun, 1.00 line is too expensive to lure in new investors/wallets, when they know how cheap it could be.
For this simple reason, I hope the XRP breakthrough will happen in "area 4".
BUT IF BTC 44.000
And for that, I bet against "area 4", and place my bets on "area 5". (.45 - .65)
I genuinely think "area 5" is as low as it can possibly go though, panic buying will commence, everyone will want a piece of the pie by this point, older XRP hodlers, me, you, and all the new ones.
I will continue to trade for now, as usual.
My buy listings are placed on 1.050
My sell listings are placed on 1.155
Best of luck, and happy treasure hunting on the stormy ocean of digital currencies!
Bitcoin Dominance Now: 51.52%
Bitcoin Price USDT Now: 49.000
I continue to bet on a downtrend.
Bitcoin falls to 44.000 line, and we enter, probably the final market correction,
causing big wallets to try the same shenanigans from yesterday;
Despite rapid decrease in BTC price, XRP had a quick rise, before following BTC down.
Short squeezed.
I put "market emotions" on the chart, serves as a reminder to me, what NOT to feel.
I put numerals "1, 2, 3, 4, 5" on the chart. I'll explain:
Forget 1 and 2. We are in "area 3" now.
3 Will continue down to "area 4" sometime in the future. Even if BTC consolidates at 47.000.
Why would it go down to 4 though? Easy, XRP started on .17-.30 this bullrun, 1.00 line is too expensive to lure in new investors/wallets, when they know how cheap it could be.
For this simple reason, I hope the XRP breakthrough will happen in "area 4".
BUT IF BTC 44.000
And for that, I bet against "area 4", and place my bets on "area 5". (.45 - .65)
I genuinely think "area 5" is as low as it can possibly go though, panic buying will commence, everyone will want a piece of the pie by this point, older XRP hodlers, me, you, and all the new ones.
I will continue to trade for now, as usual.
My buy listings are placed on 1.050
My sell listings are placed on 1.155
Best of luck, and happy treasure hunting on the stormy ocean of digital currencies!
