#XRP - Next Bear Market Price Targets ($0.80 - $1.30): But How? 🤔
👉Cycle 1:
To see a repeat of the 2017 last leg, you need to navigate through the 2017 bear market. This simulation is based on two key factors: replicating #XRP’s last leg in 2017 and considering the same drop.
I’m using the Yellow Symmetrical Triangle measured move as the basis for this next move. If we anticipate a $27 cycle and experience a similar 97% drop, #XRP's next bear market target could be around $0.80. Can you handle that? 💔
👉Cycle 2:
The measured move based on the middle of the symmetrical triangle positions us around $9. If we see a similar bear market decline of 85%, you could be looking to buy back #XRP at approximately $1.30. 📈
👉Key Reminder:
What goes up must come down, but the question is: how far down? For OGs, buying below $0.30 remains a favorable situation. 💪
👉What’s Next?
The final leg is coming very soon and rapidly, followed by a bear market. I know some OGs and #XRP hard core lovers might argue that we’re heading up and will avoid a bear market due to many reasons. All I can say is: I'm not in this game to ignore cycles. Everything is cyclical, even the universe itself! 🌌
#XRPFamily STAY STEADY and STRONG 💪, Together We Rise 🌄 and Soon We Shall Fly So High 🦅
INSTITUTIONAL ADOPTION x ENTERPRISE DLT
$XRP: Agnostic bridge bank currency
$HBAR: Network for institutional trust
$XLM: Financial rails to all citizens
$ALGO: Base layer for real world utility
$QNT: Rails for past, present & future money
$XDC: Infrastructure for digital trade
$CHEQ: Universal agnostic trust registry
$IOTA: Network for real world use of data
$DAG: Military/govt grade E2E cybersecurity
$ONDO: Public access to institutional RWAs
$LINK: Leading oracle across DeFi & TradFi
$APT: Institutional use of tokenized settlement
#Bitcoin flushed through 28k. With so little volume, stops triggering can cause an outsized move (flash crash).
Rumors that SpaceX dumped its holdings (unconfirmed) exacerbated the selling and increased the dump with so few buyers available. SpaceX did write down some of their $BTC holdings due to losses. Companies do this all the time with other assets...
Technically, the 28k level has broken. It has about 24 hours to regain that level or probabilities greatly increase it is headed to 25k.
Bitcoin at 25k is going to be an epic level psychologically. This is where news hit that Black Rock was filing for a spot ETF. The run from 25k to 31k was largely a result of the optimism of its approval.
Should 25k break, 20k becomes the next stop. This is a key level because it represents a point where SVB (Silicon Valley Bank and other regional banks) failed. Money ran from banks and hid in BTC.
Should 20k fail, 52 week (current cycle lows) will likely be tested at $15,700.
12-13K is still very much on the table as a lower target as is 9-10k (max pain). As each level is broken, the next level because magnetic.
My thesis for why Bitcoin could hit 9-10k is an overall risk asset selloff in which the NASDAQ dumps to October 2022 lows or below. That type of massive decline would likely take Bitcoin much lower than $15,700. Aside from that, I do not see a reason for Bitcoin to take out the current 52 week low.
Smart money who continues to believe in the digital gold aspect of Bitcoin will slowly buy at key supports and DCA. Long term I continue to be very bullish on Bitcoin.
Remember that most Bitcoin 'influencers' have only been around for a cycle or two. You do not master price action, charts and human psychology in a cycle or two of Bitcoin. You are a toddler when it comes to understanding investing movement. I have now traded for 24 years in multiple assets (day trading and swing trading) and I still learn every day (and make mistakes).
While I can be called a 'boomer' when it comes to investing, experience really does count for something when it comes to it. Keep learning and follow the right people....
Tune into my #GamePlan Friday morning at 9am ET and I will cover #Crypto like crazy!
#Ethereum, #Polygon, #Binance #Coinbase #Cardano #Polkadot #XRP #Trading #Investing #Solana #Avalanche #Tether #SEC #GaryGensler
How to File Your Crypto Taxes on Schedule VDA in ITR in India🇮🇳?
There were many questions from the crypto community on:
👉 ITR Forms for crypto
👉 Schedule Virtual Digital assets (VDA)
👉 How to file income tax returns.
Here’s a short educational thread🧵 explaining it all.
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Another oxygen tank leaving from Singapore port to India. I am told each one can help save about 6000 lives.
More on the way. Made possible by #BNB and your support. Proud to be a Binancian. 🙏
@BinanceBCF#BNB
Our charity team @BinanceBCF have so far located 175 oxygen connectors in available stock in Asia, cost roughly $200k, and it should arrive in Indian hospitals in 7 days. Still working on 1000 more. Our prayers go out to everyone in India fighting this pandemic. Stay SAFU! 🙏❤️
$ZIG @zignaly
Launch last week, support at 7c.
Too soon for targets but 3x is doable,
considering the fundamentals behind.
accumulating on these dips.
10x from here is my long term target.