Fullly aware that crypto market is in the dirt right now. Common sense is that even with a larger 1 trillion market cap price is still falling. which means all previous price data is inaccurate representation of its true value. aka a bubble. this leads to new price discovery around the 10k mark. when price gets below 15k we will see a massive pull out of retail...
Waiting for the dip to keep dipping :) Just to see this more clear, check the previous post, Patiently waiting for XTZ to go down Opinions?
A lot of people are stressing out about XRP. "Oh BuT Its DropPPingg" Idiots. Always will stress in the short-term when the price of what it is right now is absolutely NOTHING to what I BELIEVE IT CAN BE. But as always, trade your style.
As you can see the rsi hit 80 on the 1 hr and faded hard end of day. Right now futures are tanking. Lets see if we make it back to the 2600 level and fall through or bounce back up. Rising wedge is a continuation pattern in a bear market. Let's see how this plays out.
I guess institutional order flow is 5k and below. + noobs only know buying. + lots of noobs have fun
Leave discussion below. This activity is proven in a number of markets.
in Daily chart, price going down to flat top kumo.