JoeSaz

JoeSaz

Published for Block TV

JoeSaz

be prepared for 3200 and a new 2018 low close

JoeSaz

they tried to keep the price steady possibly even by buying their own coins. then they released more into circulation, and founders just moved 2.3 bil in XRP. its a security that should be getting hit hard by the SEC and as the narrative shows it will not be able to prop its price too many times like it did before the breakdown.

JoeSaz

only in BTC can you find a pump this big. theres no way this is naturallly occurring either. someone is really trying hard to keep the bears from winning the fight into low 3k

JoeSaz

bulls are temp holding the line but will it last? honestly i'm 60/40 bears

JoeSaz

we finally fell through 3800 and from the looks of things 3700 doesnt have much hope. we are likely to retest 3500 and if that fails 3200 up next

JoeSaz

definitely some whale activity with some fomo follow through. is it enough to hold the price above 3800? i dont think so with the fud circulating the market right now.

JoeSaz

after the breakout from descending triangle and establishing a bottom we can move back to 5800 before we dip back down in january.

JoeSaz

we keep holding a rising support line. consilidation in the order books is growing in this range and this is nice to see for a bounce and some more recovery for the intense downside action recently.

JoeSaz

we have some nice looking action over the past day and a half. H&S breakdown with a supported local low around 3900. bullish looking with some pumps today lets see if we can close above 4400

JoeSaz

continued breakdown from ascending triangle

JoeSaz

looks like we are headed up from here. support in the order books and the recognition of a grossly oversold BTC should being some positive momentum back.

JoeSaz

Published for BLOCKTV

JoeSaz

This is not looking good but at least a retest near the low did not result in catastrophe. we need high volume bounces to bring consumer confidence back and we need to get out of 3500 territory. if we hit 3500 again theres a chance we go lower unless buyers step up like they did the last two times.

JoeSaz

this is the time to eye a bounce

JoeSaz

Published for BLOCKTV

JoeSaz

Published for BLOCKTV

JoeSaz

on a technical level the fork had nothing to do with the breakdown when viewing descending triangle. On a personal level I think the fork had everything to do with the timing of the breakdown