Mock Up Price Action for BTC I'm Tracking & Impact to XRP/ALTS
Mock Up Price Action for BTC I'll Be Tracking After the Pump: If we continue to maintain levels here and range around working our way along in this channel for BTC, then as soon as BTC settles down a little, money will flow into the ALTs. In truth, the only coin I have ever cared about in the last 6 years has been XRP. I feel like with BTC making this move, this very STRONG move and then calming down here, that XRP is going to finally wake up and come out to play. With all of everything that has been going on with the SEC Ripple/XRP case, we finally have a realistic timeframe to expect big news by the end of March. Big news does not necessarily have to be good news, could be bad news, could be neutral, but point being it is big, and for the first time in a very very long time, we have an end of March date to look forward to. I believe that the rumor mill hype train will quietly unexpectedly start to ramp up and create a mounting frenzy of buying on XRP leading up to this moment.
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BTC Still playing out for now
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Tracking XRP throughout
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Mock Up Price Action for BTC I'm Tracking Along w/ XRPUSDT Run
- I believe that price has been manipulated to fall under the ascending wedge which will cause near term bearish sentiment
- Retail investors will be sucked into pump fake down, closing LONGS and opening SHORTS
- Right in time for Institutional money to pump it at the very last moment
- On the way up for the pump, stop loss thresholds will be hit along with over leveraged SHORT positions liquidated, both resulting in a continuation of the pump via market buy orders
- This will shoot us through the 25,250 resistance ceiling we've been fighting for months now and settle down trade within a channel 26k to 27k
- BTC will settle down and range/accumulate at these levels, ALTs will run
- Retail investors on sideline and ones that just got SL/Short Squeezed, will FOMO in
- Market will pump further, taking turns, BTC then Large Caps then Mid Caps and so on
- I believe that price has been manipulated to fall under the ascending wedge which will cause near term bearish sentiment
- Retail investors will be sucked into pump fake down, closing LONGS and opening SHORTS
- Right in time for Institutional money to pump it at the very last moment
- On the way up for the pump, stop loss thresholds will be hit along with over leveraged SHORT positions liquidated, both resulting in a continuation of the pump via market buy orders
- This will shoot us through the 25,250 resistance ceiling we've been fighting for months now and settle down trade within a channel 26k to 27k
- BTC will settle down and range/accumulate at these levels, ALTs will run
- Retail investors on sideline and ones that just got SL/Short Squeezed, will FOMO in
- Market will pump further, taking turns, BTC then Large Caps then Mid Caps and so on
A closer up view showing potential paths I'm looking at.