Xrp & Eth: Time to get out before bigger retracement?
Big Market Update!
Just woke up and first thing i saw was that marveleous 10% pump on Xrp, but this post is not about that.
I suggest to be extremely careful for the next couple of days, why?
After the big drop in the market on December 16 - 17 many big caps lost their previous support, these support we're key for a start in a reversal and never got re-tested.
Eth and Xrp are in the front line here, after seeing around 10% pump like we predicted now both are directly under the resistance, and looking at this right now i feel like this could be rejected.
So do you expect a drop?
Well that's the tricky part, if it wasn't for Bitcoin i would say yes we should see around a 10 - 20% drop from here.
For me the only thing that could prevent this is if Btc manage to break 7.6k, but currently it's still rejected so that's why i feel like we could see a drop for the Majort Caps.
What's the possibilities?
i see 2 possible things here:
1. Btc continue going out and Major Caps breaks their resistance
If Btc goes too 7.8k there is good chance that we will see caps breaking their resistance, on top of that Bitcoin is starting and uptrend so 7.8k is the minimum from what i see.
2. Btc goes sideways and Major Caps falls down
That's the one i think we will see right now, Btc is still under the 7.6k resistance so i wouldn't be surprise if we see some sideways between 7 330 - 7 600 for the next couple of days, which would give the time to Eth and Xrp to fall down.
What i suggest?
Don't go in with big amounts right now, i am waiting for them to breakout. If not well we will have a chance to buy them lower so it's not to bad.
To be honest i took a small short on Xrp, but i am ready to close it if we break!
So that's it, the point of the post is just to warn you guys that yes everything looks bullish but to still be careful here!
If you want to discuss or do not want to miss a post feel free to click on the link below!
Just woke up and first thing i saw was that marveleous 10% pump on Xrp, but this post is not about that.
I suggest to be extremely careful for the next couple of days, why?
After the big drop in the market on December 16 - 17 many big caps lost their previous support, these support we're key for a start in a reversal and never got re-tested.
Eth and Xrp are in the front line here, after seeing around 10% pump like we predicted now both are directly under the resistance, and looking at this right now i feel like this could be rejected.
So do you expect a drop?
Well that's the tricky part, if it wasn't for Bitcoin i would say yes we should see around a 10 - 20% drop from here.
For me the only thing that could prevent this is if Btc manage to break 7.6k, but currently it's still rejected so that's why i feel like we could see a drop for the Majort Caps.
What's the possibilities?
i see 2 possible things here:
1. Btc continue going out and Major Caps breaks their resistance
If Btc goes too 7.8k there is good chance that we will see caps breaking their resistance, on top of that Bitcoin is starting and uptrend so 7.8k is the minimum from what i see.
2. Btc goes sideways and Major Caps falls down
That's the one i think we will see right now, Btc is still under the 7.6k resistance so i wouldn't be surprise if we see some sideways between 7 330 - 7 600 for the next couple of days, which would give the time to Eth and Xrp to fall down.
What i suggest?
Don't go in with big amounts right now, i am waiting for them to breakout. If not well we will have a chance to buy them lower so it's not to bad.
To be honest i took a small short on Xrp, but i am ready to close it if we break!
So that's it, the point of the post is just to warn you guys that yes everything looks bullish but to still be careful here!
If you want to discuss or do not want to miss a post feel free to click on the link below!
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