🔥Hey guys! A few hours ago I posted an idea for you guys regarding the free fall we had experienced and the markings we had pushed through, we ended up breaking below my 0.36 support in the dotted blue and ended up absolutely flash crashing from 0.36 all the way to 0.331 on the wicks end with the candle itself closing at 0.34 indicating that some real strong buy in's came in to pull us up real quick once that all happened which I watched live myself and saw happen in just under 2 or 3 minutes.
🔥It was an absolutely insane selloff to witness and I'm shocked I was able to witness it as I was just about to go to sleep too when I noted something odd going on with the trading volume and saw that massive sell orders suddenly started flowing in with an easy billion exiting the market in just under 2 or 3 minutes which was insane. On top of that liquidations nearly hit $200 million for the hour on Coin Glass signaling that this may have been Celsius selling, or whales perhaps taking advantage of the situation of a sell off to scare off investors, liquidate long positions as well as get the chance to enter at a much lower threshold which they have very well done as they've brought down the market at such an incredible speed it'll likely have retail investors scared and allow them to buy more and take advantage.
🔥I'm gonna leave the idea here for now but we do also have a wedge pattern that I'm gonna be giving to you guys for XRP tomorrow which will likely be very useful for the coming few days if not weeks. Anyway, I'm personally not very worried by the flash crash, we had already exited the 200 EMA and we're simply waiting to see whether or not we got support, or lost and fell below that dotted marking I had which we did, based on the support that kicked in when we fell into our Danger Zone and nearly fell below 0.338 which is now gonna be the point we want to absolutely watch should we fall back to that.
🔥There is also this channel that XRP is in right now and will likely be a short term channel but whichever way we exit firmly is likely gonna have a strong impact so be wary and on watch for which exit we get! Thank you guys!
🔥Gonna leave the idea here for now but thank you for tuning in, honestly, it's much appreciated and simply offering what I can, at this point, our best bet is gonna be for those 20/50 EMA's to flip which will happen should we get strong support to kick in. Hopefully we can get some of that overnight and at least have something to bounce off of, otherwise things could get a bit ugly for a bit but personally, I'm just happy to see that we got some strong support in the very least here so we're definitely not in this battle alone, thank you guys and if you'd like to leave a like or follow it'd be much appreciated.
~ Rock '
🔥It was an absolutely insane selloff to witness and I'm shocked I was able to witness it as I was just about to go to sleep too when I noted something odd going on with the trading volume and saw that massive sell orders suddenly started flowing in with an easy billion exiting the market in just under 2 or 3 minutes which was insane. On top of that liquidations nearly hit $200 million for the hour on Coin Glass signaling that this may have been Celsius selling, or whales perhaps taking advantage of the situation of a sell off to scare off investors, liquidate long positions as well as get the chance to enter at a much lower threshold which they have very well done as they've brought down the market at such an incredible speed it'll likely have retail investors scared and allow them to buy more and take advantage.
🔥Gonna leave the idea here for now but thank you for tuning in, honestly, it's much appreciated and simply offering what I can, at this point, our best bet is gonna be for those 20/50 EMA's to flip which will happen should we get strong support to kick in. Hopefully we can get some of that overnight and at least have something to bounce off of, otherwise things could get a bit ugly for a bit but personally, I'm just happy to see that we got some strong support in the very least here so we're definitely not in this battle alone, thank you guys and if you'd like to leave a like or follow it'd be much appreciated.
~ Rock '
