☄️We've got a pretty intense battle going on right now as we can see by the minute chart below.
☄️Definitely seems like a liquidity grab but that doesn't mean we're still out of options yet, one of our wick ends managed to extend down to our support of 0.4558 though failed to close there and it seems like Bears are just trying to have us lose that 200 EMA right now best they can by hitting us with what they've got. So it's a fight for sure.
☄️On Bitcoin alone the battle is real right now too especially amongst whales as they fight to sustain pressure above the 200 EMA. This is especially important considering we're at that crucial point for the hour chart by which if we lose it there then we can really fall down back to the $19,000 point if bears manage to get us to form a mountain exit with the 200 EMA.
☄️Of course the hope is that it doesn't happen and the same will roughly apply to XRP. Main thing right now is whether or not we can fight and win this next test to really push away from that 200 EMA. Gonna leave it here since things are just real volatile right now and it's hard to tell what we could be looking at with all that dust kicking about but keep your wits about and your shorter time frame charts! If you'd like to leave a like or follow it'd be much appreciated as always! Wishing well per usual!
~ Rock '
☄️Definitely seems like a liquidity grab but that doesn't mean we're still out of options yet, one of our wick ends managed to extend down to our support of 0.4558 though failed to close there and it seems like Bears are just trying to have us lose that 200 EMA right now best they can by hitting us with what they've got. So it's a fight for sure.
☄️On Bitcoin alone the battle is real right now too especially amongst whales as they fight to sustain pressure above the 200 EMA. This is especially important considering we're at that crucial point for the hour chart by which if we lose it there then we can really fall down back to the $19,000 point if bears manage to get us to form a mountain exit with the 200 EMA.
☄️Of course the hope is that it doesn't happen and the same will roughly apply to XRP. Main thing right now is whether or not we can fight and win this next test to really push away from that 200 EMA. Gonna leave it here since things are just real volatile right now and it's hard to tell what we could be looking at with all that dust kicking about but keep your wits about and your shorter time frame charts! If you'd like to leave a like or follow it'd be much appreciated as always! Wishing well per usual!
~ Rock '
