$BTC $BTC crashes: $200 → $50 $1,200 → $200 $20,000 → $3,000 $70,000 → $15,000 $120,000 → $???? Did you notice that each time $BTC lost around 80% of its worth after a successful bull run. So after this bull run, BTC might drop to somewhere around $40k. To touch $120k, BTC is first heading towards a support of $85k. Stop buying for now, and fill pockets around $85k.
Sellers keep pushing coins to new local lows, according to CoinStats.
XRP chart by CoinStats
XRP/USD
$XRP could not withstand the fall of most of the coins, going down by almost 2%.
Image by TradingView
Despite today's fall, the rate of #BTC is in the middle of the local channel, between the support of $0.4758 and the resistance of $0.4821.
As most of the ATR has been passed, sideways trading in the area around $0.48 is the more likely scenario until tomorrow.
Image by TradingView
A worse picture can be seen on the daily time frame. Here, traders should pay attention to the bar's closure. If it happens below yesterday's low, the decline may lead to the test of the support of $0.4590 shortly.
Image by TradingView
On the weekly chart, bears are more powerful than bulls, as the rate has again declined below the vital zone of $0.50. If the drop continues to $0.46, the energy should be enough for a support breakout, followed by a downward move to the $0.44 zone.