Hey!
So basically you already know, we gave you guys that idea yesterday on the Breakout and let you guys know what was up.
🔥There isn't much to say right now as we can see that the markets going in play alongside bitcoin since it's managed to move above that $21,000 mark finally and has broken a few resistance lines. XRP has done the same even breaking our 0.38 level on the 15 minute. And that was a strong resistance point but it seems there's a lot of buying finally kicking in.
🔥Institutional buyers likely already have their pockets full while retail investors are likely buying right now following the markets relative rally as it seeks to break free from that three week losing streak. While this is great to see we definitely still aren't out of the bear market, but investors are at least more accepting now of what's going on with inflation and the hikes.
🔥0.37 as well as 0.367 should be those levels you guys will want to watch now as we could move below should we fail to hold support and get pulled down. And while I'm on that topic of getting pulled down as always following an impulse movement, breakout, you'll usually see a mountain fall occur or see those EMA's flip. In this case that likely hasn't happened yet being as our EMA's are so split apart from each other on the 30 minute. On the 15 they are getting close and the 5 minute is posted below.
🔥You can see what's been going on with the 5 minute and how we broke that resistance before falling back down to where our EMA's are now playing tug a war and starting their flips in which case that leaves us now exposed to a mountain fall should a whale feel the need to dump or take advantage of the chance and dump their stake for a buy and dump play which quite frankly is an option on the table for whales as they consider what to do with their holdings. If you've been with me already then you understand what I mean by that possibly mountain fall so keep posted for that and watch those EMA's! Especially on that 15 minute which seems to dictate a lot. Though keep in mind as always EMA's are lagging indicators and the biggest move will happen before they start to indicate it to you.
Thank you guys and if you felt this idea was neat or helpful a like and follow would be much appreciated, thank you!
~ Rock
So basically you already know, we gave you guys that idea yesterday on the Breakout and let you guys know what was up.
🔥There isn't much to say right now as we can see that the markets going in play alongside bitcoin since it's managed to move above that $21,000 mark finally and has broken a few resistance lines. XRP has done the same even breaking our 0.38 level on the 15 minute. And that was a strong resistance point but it seems there's a lot of buying finally kicking in.
🔥Institutional buyers likely already have their pockets full while retail investors are likely buying right now following the markets relative rally as it seeks to break free from that three week losing streak. While this is great to see we definitely still aren't out of the bear market, but investors are at least more accepting now of what's going on with inflation and the hikes.
🔥0.37 as well as 0.367 should be those levels you guys will want to watch now as we could move below should we fail to hold support and get pulled down. And while I'm on that topic of getting pulled down as always following an impulse movement, breakout, you'll usually see a mountain fall occur or see those EMA's flip. In this case that likely hasn't happened yet being as our EMA's are so split apart from each other on the 30 minute. On the 15 they are getting close and the 5 minute is posted below.
🔥You can see what's been going on with the 5 minute and how we broke that resistance before falling back down to where our EMA's are now playing tug a war and starting their flips in which case that leaves us now exposed to a mountain fall should a whale feel the need to dump or take advantage of the chance and dump their stake for a buy and dump play which quite frankly is an option on the table for whales as they consider what to do with their holdings. If you've been with me already then you understand what I mean by that possibly mountain fall so keep posted for that and watch those EMA's! Especially on that 15 minute which seems to dictate a lot. Though keep in mind as always EMA's are lagging indicators and the biggest move will happen before they start to indicate it to you.
Thank you guys and if you felt this idea was neat or helpful a like and follow would be much appreciated, thank you!
~ Rock
