XRPUSD Bitcoin got rejected at the b-wave resistance at 101 100. It could not break it and broke back down in a wave c. what makes the difference is where does it catch support does it hold micro support 96,620 95,660 93770. if it loses 93,770 micro support then it is in Jeopardy of coming down to the larger support between 90,720 and 87,420
With trumps talk on Gaza strip and Chinese tariffs kicking in Feb. 10th. As I mentioned a couple of days so. I would expect 1.50-1.60 by Feb. 12th. I could also be wrong. I have been before.
Draw a parallel channel in the 4h from bottom $2.3 to $2.79 ~. This could be a channel for Institutional Distribution. If it stays in the channel and there are longer wicks on the higher candles with side ways movement, then more likely to be the Distribution Channel. If all the above is true, then I would expect a Fake Out / Bull Trap after a dip before going down. DYOD. Just sharing what I'm looking for in the Candlesticks.