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CRYPTO MECHANIC
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Negative funding rate while
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CRYPTO MECHANIC
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What do you think?
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I think next week is going to be really volatile or important for future direction. $BTC held strong on thursday and friday while US stocks Tanked. Next week will unfold if Bitcoin will continue to show strength and move up or this was just a lag and BTC will likely break down. Bitcoin high timeframe is still bearish imo so lets see what we get next week.
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I have been posting this $XRP chart since $2.50 and so far it's following the same path i marked on chart. At some point i still think Xrp will drop under $2 but this is definitely not the zone where you should be bearish as this is the key support on chart and psychological number ($2) as well. Now lets talk about the current picture (Second chart) There hasn't been a single daily candle that closed below $2. As long as it's above that The Xrp Army can keep their hopes alive. One price drop below that and holds. I think it will open the doors for much more down side into $1.3 - $1.60 zone. The longer price will hold below $2, The likely it will happen.
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New week tomorrow and i will share some Altcoins weekly charts. Let me know which one you want me to post. 👇
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Most people quit in the bear. The rest become millionaires in the bull market.
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