Seems like we were so far outside the weekly bband that it took a while to properly correct. Following the moving averages from previous corrections, it seems likely that we are looking for a bounce in the 9.5k area.
majorlee
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@deif, nice man, been saying we aint had the recorrection yet
Thanks for the chart. I am predicting one more round of shake out panic. We still haven't hit the last shake out low from the XRP coinmarketcap fud. My guess is 8-10k. Good luck :)
majorlee
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@raifniall, yeah a lot of people are seeing this too, well the good ones anyway!
ty for your comment :)
DerrickGibson
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bearish. Glad I sold into USDT right as it broke major support. Having a weak bounce right now. Will be the last chance for bear whales to get out before we dip to 10k then 8k.
got some entries on the bounce but looking to exit some into USDT for the US session
ty for comment Derrick :)
ant187
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We had a symmetrical triangle breakdown which puts the zones where its @ near perfectly. Stochastic 4hour is at the bottom, and is looking to cross up once the average catches up, we have another 30 minutes to an hour before it settles down, and assumming this area holds (looks like it) we have our new bottom and new trading range temporarily.
majorlee
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@ant187, he ant ty for the comment and the TA, will check it out now :)