🔥Hey guys! Wishing well as always. I'm just gonna cut to the chase and keep this short because basically right now we're having this massive fight between the whales with each side buying and selling millions as quick as they seemingly can to hold, here's a 1 minute timeframe to show just how crazy these orders are.
🔥I mean it speaks for itself. It's the Battle of the EMA's. Each whale wants something different though as always it's easier for those whales to sell and you see just how quick they we're able to bring down Bitcoin with that big sell to start off and have us lose that 200 EMA. Right now with that pull up that's the bull whales trying to have us regain and latch onto that 200 EMA. If we lose the 200 EMA right now this could signal the start of a double top and lead us to fall way further depending on just how dramatic things get.
🔥And here's a look at XRP's chart to show what could likely be the start of a double top should support not kick in.
🔥You can already see how we've lost that 20/50 EMA and the mountain fall that was caused with those 20/50 EMA's flipping as Bitcoin loses it's footing having fallen below $24,242 which is such a crucial mark. Bitcoin itself is literally trading sideways in the past 10 minutes as both sides wait and battle it out but should we hold support that would pull us up to grab the 200 EMA and XRP would follow in suit with whatever Bitcoin does so watch those EMA's on the shorter time frames as well as just how these candle wicks form and how we deal with our indicators. XRP itself has to avoid 0.38 as that's our previous mountain's top and should we fall below that it opens up basically any possibility till support kicks in.
🔥On a last closing note I just want to say that everything considered and all fundamentals which have seemingly been thrown out the window this week, we are due for a fall at one point or another and will see that. Every mountain has it's descent and ascents and we've had an absolutely insane ascent. I mean my future's entry order a week ago was at 0.25, and now it's at 0.29 which may not be much but in terms of future's that's a massive move and you guys have got to keep in mind a lot of what we've seen this week has been thanks to whales absolutely buying the hell out of crypto. And it only takes a few big whales to start selling to scare the smaller whales and get them to sell too. I don't say this to put in FUD but nonetheless one way or another we will have a second half of the mountain and retrace, the only question now is when.
Thank you guys and if you'd like to leave a like and follow it'd be much appreciated! You already know I simply put my best foot forward and give it all I've got, thank you!
~ Rock '
🔥I mean it speaks for itself. It's the Battle of the EMA's. Each whale wants something different though as always it's easier for those whales to sell and you see just how quick they we're able to bring down Bitcoin with that big sell to start off and have us lose that 200 EMA. Right now with that pull up that's the bull whales trying to have us regain and latch onto that 200 EMA. If we lose the 200 EMA right now this could signal the start of a double top and lead us to fall way further depending on just how dramatic things get.
🔥And here's a look at XRP's chart to show what could likely be the start of a double top should support not kick in.
🔥You can already see how we've lost that 20/50 EMA and the mountain fall that was caused with those 20/50 EMA's flipping as Bitcoin loses it's footing having fallen below $24,242 which is such a crucial mark. Bitcoin itself is literally trading sideways in the past 10 minutes as both sides wait and battle it out but should we hold support that would pull us up to grab the 200 EMA and XRP would follow in suit with whatever Bitcoin does so watch those EMA's on the shorter time frames as well as just how these candle wicks form and how we deal with our indicators. XRP itself has to avoid 0.38 as that's our previous mountain's top and should we fall below that it opens up basically any possibility till support kicks in.
🔥On a last closing note I just want to say that everything considered and all fundamentals which have seemingly been thrown out the window this week, we are due for a fall at one point or another and will see that. Every mountain has it's descent and ascents and we've had an absolutely insane ascent. I mean my future's entry order a week ago was at 0.25, and now it's at 0.29 which may not be much but in terms of future's that's a massive move and you guys have got to keep in mind a lot of what we've seen this week has been thanks to whales absolutely buying the hell out of crypto. And it only takes a few big whales to start selling to scare the smaller whales and get them to sell too. I don't say this to put in FUD but nonetheless one way or another we will have a second half of the mountain and retrace, the only question now is when.
Thank you guys and if you'd like to leave a like and follow it'd be much appreciated! You already know I simply put my best foot forward and give it all I've got, thank you!
~ Rock '
