Looks like for the ST we'll be dropping down a bit after a massive rally
Traders, Lots of traders still want to see more bull sign on BTC. Technicelly, I don't think that is going to happen very soon. Looking at the 1 day chart we can see BTC is struggling the break the mounting resistance as a great exodus of people leaving the market is occurring than those who are joining at least USD, right now we can see btc almost need a complete...
The line of support since the crash is slowly rising which is a good sign and all this FUD from the correction is going to lead to FOMO soon once we hit a bullish run. 4 hour chart was used for this.
Clear lower lows forming and lower highs, however with a rising support line clearly establishing its self it's highly possible when they both collide we'll have a breakout rather than a fall in price. The chart used 2 hour time frame.
After Ripples massive growth it's expected to have a correction, however it looks very similar to the brief 20k bull run by Bitcoin so hold on and wait it out their patterns are very similar but just a few days out of each other.
It's had a huge bull run and a correction is now in order for long term success look at the recent btc correction as an example(4hr chart)
I know this doesn't look like the quick recovery crypto is used to... but it may be for the better this time with a rising support line to counter the resistance line leading to a potential breakout again!