🔥Hey guys! Wishing well as always, in our last idea we quite literally forewarned you guys about that 200 EMA exit risk and that we'd see a notable fall occur should that exit! I noted 0.329 would come back into view which it did but not only that, we fell through our necklines as well as our support line and you can see that once that happened the market took over and hit big with that sell option.
🔥While this was happening Bitcoin had exited it's closing wedge which had been forming and I told you guys about that XRP would follow Bitcoin's actions which it did once that wedge closed which pulled XRP down in tune. That's brought XRP down to this sideways channel which we've had down for the longest time so we should expect XRP to stay out of the channel for at least a day to be able to consider a possible move back up considering everything but if anything we could see the crypto get pulled back down alongside Bitcoin.
Below is a line chart to simplify stuff.
🔥This is the chart on the line format so you guys can see things easier, as well as those necklines and it clearly shows you what happened with price action and how we dealt with those necklines as we came across them.
🔥I just wanna say before I end this that we can very well get pulled down more, especially if Bitcoin itself can't hold above $20,000 and gets pulled back down to our $19,000's. So you guys should definitely check out my Bitcoin idea as well as the sideways channel being as we'll see a fall if we get dropped and pulled through that sideways channel which has always acted as a support for us at the channel's bottom.
🔥I'm gonna leave this here but if your a serious trader and really want to know things ahead, give me a like and follow! My ideas hit consistently and only get better with each and every single one, and if you've already been here with me this long, then you know that's nothing but the truth! Thank you guys and have a wonderful day!
~ Rock
🔥While this was happening Bitcoin had exited it's closing wedge which had been forming and I told you guys about that XRP would follow Bitcoin's actions which it did once that wedge closed which pulled XRP down in tune. That's brought XRP down to this sideways channel which we've had down for the longest time so we should expect XRP to stay out of the channel for at least a day to be able to consider a possible move back up considering everything but if anything we could see the crypto get pulled back down alongside Bitcoin.
Below is a line chart to simplify stuff.
🔥This is the chart on the line format so you guys can see things easier, as well as those necklines and it clearly shows you what happened with price action and how we dealt with those necklines as we came across them.
🔥I just wanna say before I end this that we can very well get pulled down more, especially if Bitcoin itself can't hold above $20,000 and gets pulled back down to our $19,000's. So you guys should definitely check out my Bitcoin idea as well as the sideways channel being as we'll see a fall if we get dropped and pulled through that sideways channel which has always acted as a support for us at the channel's bottom.
🔥I'm gonna leave this here but if your a serious trader and really want to know things ahead, give me a like and follow! My ideas hit consistently and only get better with each and every single one, and if you've already been here with me this long, then you know that's nothing but the truth! Thank you guys and have a wonderful day!
~ Rock
