XRPTRAV retweetledi
XRPTRAV
52 posts
There is our sweep of the .20 lows and a beautiful reaction thus far.
We can see that the purple zone acted as resistance (as expected) three times, ultimately leading us to that sweep we were looking for, and now we are testing the purple zone for the 4th time.
Clearing this zone could trigger a strong move up as we have now built up liquidity all the way up to .27-.30 and we have finally taken the liq to our downside.
$CRV
CrediBULL Crypto@CredibleCrypto
Got pretty close, but couldn't clear our key zone of resistance and we are now back at the key swing low that we front ran earlier. The red zone has now been tested multiple times as well though and so I don't think it holds on the next test. We can actually now focus on the new zone in purple- which is the failed move to the upside from which we sold off again- now a fresh bearish OB or supply zone. This is now the key zone that we want to see reclaimed for a full on reversal. Let's see how things look once we get a proper sweep of the .20 lows. $CRV
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XRPTRAV retweetledi
XRPTRAV retweetledi
For a reference point of where Bitcoin is compared to past behavior, it has reached the 100-week moving average. BTC has only come back to the 100-week moving average during bear markets.
In 2014, 2018 & 2022, the 100-week moving average provided a period of temporary stability.
Blockchain Backer@BCBacker
VIX getting knocked back down below 25. May finally be seeing some signs of a range support forming.
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XRPTRAV retweetledi
If you believe in alt season, this likely needs to be your thesis. I don't see how Bitcoin hasn't already topped.
If this isn't going to play out like 2021/2022 where it's just goblin town, then the area for any last chance of a meaningful retrace bounce is likely being reached.
Blockchain Backer@BCBacker
Corrective for the time being before the bigger rally happens, likely ABC. Crowd sentiment never returned even after almost hitting ATH. Wall of worry phase. They'll remain that way through this and get wrong footed at the end. I'm going to annoyingly bull post through it.
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@WatersAbve @X Those were before capitulation events not the same. Bear is already here
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XRPTRAV retweetledi
Highest daily close for TOTAL2 and TOTAL3 in history.
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XRPTRAV retweetledi
"The Power of the Waves"
Initial weekly resistance is being broken right now.
#XRP targets, $4.39 and the $5.85 Fibonacci levels
Supports: $3.01, $2.85.
As clear as it gets.
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XRPTRAV retweetledi
🚨BREAKING: The Frankfurt Stock Exchange in Germany says that #XRP will experience a price increase due to the launch of Spot XRP ETFs on October!
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XRPTRAV retweetledi
Our Satoshi, who art on chain,
Hallowed be thy gains.
Thy bull run come,
Thy candles run,
On charts as it is on TradingView.
Give us this day our daily pump,
And forgive us our FOMO,
As we forgive those who FUD against us.
Lead us not into rug pulls,
But deliver us from red candles.
For thine is the network,
The hash power, and the glory,
Forever and ever.
HODL.
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XRPTRAV retweetledi
A short sub 2 minute snippet from my latest YouTube vid.
Why is 105k relevant? I break it down in the short below.
If you want to see the alternate scenario that comes into play IF 105k is broken (or just want more context around this scenario) you can watch the full video (for free) on my Youtube channel (pinned tweet).
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XRPTRAV retweetledi
Could we go sub 100k? Absolutely. I covered this scenario in my last Youtube vid a month ago because it was a distinct possibility that has merit.
That being said, there have been a few times now in this cycle alone where we got very deep pullbacks after an impulsive move but never hit invalidation and continued to climb.
Usually, sentiment is in the absolute gutter during these instances.
Two of the closest that come to mind off the top of my head was the 3.4-3.9k wick in 2018 and the pullback just above 25k more recently. In both instances we came within a few hundred dollars of invalidation, but ended up reversing before invalidation was hit. I've shared images of both those instances below.
At both of those times, I was steadfastly bullish and rewarded for it- because at the end of the day its not about what my "gut" feels or how I feel, it's about whether or not a key level has been hit, and for now, it has not.
So 105k remains the line in the sand that needs to be breached to throw out our most bullish scenario, and while we are close, we have been close before and "close" is not enough to assume an invalidation.
So let's continue to watch how things develop here and IF 105k is breached we can talk about the potential for "sub 100k" $BTC.
shinagawadude@shinagawadude
@CredibleCrypto Come on Cred, you know in your gut we are going sub $100k.
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@CredibleCrypto hey cred what you think about the divergence between the xrp and btc prices. #xrp is holding up really well even when btc.d was on a rise of course on the LTF. l. Seems like a start to de coupling from btc. Also do you think btc will find this bottom at that 109k
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high volatility is the market makers way of getting out all the long and shorts by the high increase volatility on the daily look at the trend lines. We’re coming to our point for breakout in the next few days maybe a week that’s what im tracking on up to 4-4.50 range #xrp
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