Historically anywhere between the 0.618 and 0.786 are the best buying opportunities, as those are the most important fibonnacci retracement levels. Going in hard here. Keep your eyes on this level, if we lose this, things are REALLY going to get ugly. But this is the best opportunity for at least a decent relief rally.
The shorts on XRP/USD are at a record all time high right now. When viewing the weekly timeframe we can see that nearly every time we have a massive discrepency like that, we get a big dump of at least 30% in the following week. With up to 50-60% dump in the weeks after.
This would be a maximum pain scenario. First they flushed out all the leverage longs leaving...
I havn't seen anyone else notice the fact that Bitcoin is currently holding on a very important fibonnaci extention level, the 0.5 fib from the 2018 to the last all time high. I wouldn't be surprised if this held here, since this is actually strong support. The previous fib level required a LOT of money to be dumped into the market to force it down. I would be...
