No way people actually think $XRP will reach 10k 😂.
It proves my thesis that the only reason xrp is pumping is because of retail newbies who watched a 30 second ridiculous tiktok video of “facts” and decided to ride the trend of crypto🤣
The pump is pure hype.
The fact is the tokenomics of xrp is bad. The community is strong but a bunch of liars. And the token is fundamentally broken.
I wouldnt touch this token. Not even for a quick scalp.
Large caps or older tokens like sol/ada/dot/doge etc will lead the rally and will have a top on may and another top on october-december. Following eth’s history.
The newer projects like sui/sei/tia/inj etc will top once at april/may and will start their bear market from there.
They will not have a double top.
This is my take. This is not analysis. Its just based on history of how money flows in crypto.
I will cross the bridge when we get there and will base my trades on the market condition during that time.
The current btc correction hasnt affected altcoins much. Btc dominance is dropping. Eth/btc is rising. Could it be that altseason is gaining momentum?👀
At this point going long with over 10x is just reckless. It just shows greed. If you have less than 3 years of experience you have no business with 10x.
Stick with spot or maximum 5x.
Going long 50x long on a greedy market is crazy. It shows impatiences. You will lose 99/100.
Most altcoins are testing previous resistance as support. If successful we will be exiting the accumulation area and on to the next leg up. So far so good.
BTC is now moving lower and is below the trendline.
Im looking forward to it. It should consolidate below more then retest then eventually break down.
Altseason index showing signs of life aswell.
If btc closes a daily candle below the trendline it will be bullish for alts!
LIVE
Gem100xhunter
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Probable scenario
Btc dominance formed 5 waves down, an abc to the upside targeting the area between 88.6 and 61.8 retracement before going lower.
Elliot wave works with any chart but its not really reliable with btc dominance. However the numbers add up and matches with traditional TA targeting 78.6 level at 61% which is retesting the upper trendline before heading lower.