dumping! Seems to be a lot of interest in the mid 30's. minus the killer wick, we seem to be still stuck in this descending wedge, which is bullish... but the pain. other publishers pointed out that XRP is generally bearish. yah. 95% bearish or there abouts. but before i get too deep in the worst case scenario, this wedge has had 3 touches on the top and 3 on the bottom. to me that means it can break at anytime. although, this wedge could have a long way to go before it squeezes out an answer. not hopeful here, too much room to go down. watch the bounce in the 30's, if it lacks umph! it will just continue downward. as i pointed out, the RSI bounce at 39-40 (generally) fails, but can make for a good scalp. not to say that sentiment may have changed with the release of xrapid, but im not buying it.
Unfortunately good TA is about useless until the BTC whales finish playing their games and tanking the market before the next bull run.
BlakeWissemann
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@tedthornhill, i totally agree mate. ive only ever played the bear market in crypto and quite honestly over it. I have been very optimistic on BTC for a long time now and i have to say my confidence has dwindled. I personally believe BTC is going down from here. and i expect to see the alts follow. if that is the case, i think we might see many alts die. not xrp tho, as much as this coin pains me, i think it will be a survivor. Thanks for the compliment, i wish I could agree being "good at TA" as I'm still learning.