Still looking for same targets as my last trade but will be taking profits on the way down below 6k - 4500-5000 before i am interested in longing . Stops above 8500 / also semi bullish above there . but waiting for 10k+ before i am full bull.
Crypto USD pairs are still in a heavy downtrend which i think are on the brink of accelerating faster downwards . XRP has next to no support once 0.55 breaks , until about 0.40 and stronger support around 0.27 -0.30 . Shorting while sitting on support isn't the smartest thing to do , so i'll be waiting for confirmation before hand . ( while watching eth/btc/ltc...
Looking for a bounce on bitcoin within the next week hopefully back up into a death cross , where i will be shorting heavily with stops above top trend or high timeframe closes above the 50/200sma's Targets around $4800-5000
Satoshi said it himself bitcoin will be a number of boom and bust cycles , sucking in people every hype cycle through fomo and spitting back out the non believers while keeping a whole new batch of believers for the next run. Producing more and more holders each cycle creating less upside resistance until we finally reach hyperbitcoinization . It's rung true...