TA is the analysis of human mass psychology. I don’t shill, spread FUD or FOMO buy. You want me to tell you which coin to invest in? DYOR! TAs mostly on $BTC.
@BitBitCrypto@TheCryptoFam@ThinkingUSD Let’s make it simple:
1.Parabolic Phase (micro-trading the price up really fast)
2.Suppression Phase (killing upward trends, and "grinding" downwards with occasional fakeouts to keep it interesting)
3.Starvation Phase (no weak hands left)
4.See 1.
About @Ripple & the lawsuit it’s facing: The @SEC_Enforcement will most probably lose and the whales will buy the blood. If so, expect $XRP to be back even above its pre-dump prices.
$BTC $30k reached.
Now the next support is right below at $29k which will broke if we’re heading to new lows.
After that the next support is at $25k.
Wait&See.
@J09895359 No rush but then if an economic crisis happens who knows where we will go. I will always try to be sharp enough to see if there’s any pre-signals through TA. But this market is highly driven by emotions.
@J09895359 What I sense is 19.2k becoming a strong support. Bounce again on it and perhaps forming a double bottom, bringing us back to at least at $29.7k (Fib retracement). After that yes we would be ranging for another year or two in that zone. $12-14k doesn’t seems plausible for now.