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Bitcoin - Santa Calls NAUGHTY or NICE

由TradeClass提供

已更新

Just publishing updated chart to see how it all looks...
FULL FORECAST forthcoming..

註釋

First Let's Take a Peek at the 5 Minute Chart... which is important for drawing local Triangles

註釋

I drew a triangle 30 minutes ago...
that can take 3-5 hours complete.
(Depends on how much volume we see.)

But I had to fix errors in this comment
Sorry for the delay.

Either way... let's talk about what is critical.

No free trip to the NORTH POLE... if we can't pass 23,350.
and yes, we keep bouncing off that top trend line..
Warning: Fog ahead!

In many cases, bulls and bears will ram a resistence/support three times
and if no pass, then it all goes in the other direction

The naughty news

SEC and XRP.
Ripple was naughty for launching a coin that it kept a majority stake.
They are also trying to pass off as a non-registered security.
They may or may not be a security in the legal sense.
But Garlinghouse did no one any favors.
It could take a full year to resolve.
In that time, XRP will lose most (if not all) of its 'umph.'

Yes, I love Ripple and XRP..
but was always worried about the control Ripple has on XRP.
So, for Xmas...
the elves at the SEC left Ripple a sock filled with coal rocks.

The exchanges reacted to this...
Many are delisting XRP.
This news caused XRP to collapse to 0.23 and..
Stellar with it! (It fell to a frightening 0.11)

The news outlets..
I see many say this burdened the entire market causing a slide.
I DON'T buy that. I think the bear whales just took advantage.
(Remember, I predicted all this way before XRP took a dive.)

Stellar made a massive recovery, as well as SNX (watch them!)

I am sure we are going to hit against the barriers at 23,350 to 23,400.
But not sure about what happens then. Publishing this.. with more to follow.