$XRP To identify bottoms using platform indicators 1. Relative Strength Index (RSI): A bottom is determined when the RSI drops below 30, indicating an oversold condition and a possible price rebound. 2. Bollinger Bands: A bottom often occurs when the price approaches or breaks the lower limit (DN), usually accompanied by an upward rebound. 3. Moving Averages (MA): If the price touches or approaches a long-term moving average (such as MA10 or MA20), this indicates strong support and a possible bottom. 4. MACD Indicator: The appearance of a positive crossover (Cross Over) between the MACD line and the signal line, especially at low levels, indicates a possible bottom. 5. Volume: If volume increases significantly as the price falls to a support level, this reinforces the possibility of a bottom. 6. Williams Indicator (Wm %R): When the indicator drops below -80, it indicates an oversold condition and a potential bottom. Conclusion: Check for indicators to converge at the same point: RSI below 30 Price at the lower Bollinger Band High volume at strong support. Use these signals together to accurately identify the bottom.
$XRP I fear that the current wave of rise is fabricated and unrealistic because the market is suffering from a lack of liquidity due to the intensive selling and the approach of New Year's Day. If you take a look at the volume of liquidity entering the market during the past 72 hours, you will find that it does not even reach 35%. Huge amounts of money have left the market for external portfolios in the past few days, which was expected. I do not think that this money will return until the beginning of the new year.
$XRP It is located at strong support 2.24 and resistance at 2.39. In the event of an increase, if 2.39 is broken, the next resistance is at 2.45. In the event of a decrease, breaking the support at 2.24 may lead to 1.9. In the end, we will see the movement of Bitcoin, and then it will draw the path for the rest of the currencies. In God’s care
Thank God for everything. I lost what was left of my balance. Misfortunes never come singly. My balance was $190 and I mistakenly transferred 140 USDT to someone other than the one I wanted to transfer. Today I lost the remaining $52. God is the helper.
$BTC 🚨 Summary of the most important economic and crypto news in the past 24 hours: 🔵 Massive liquidation in the crypto market: • 245,425 traders were liquidated, with a total loss of $656.60 million. • The largest single liquidation occurred on the Binance platform for the ETHUSD_PERP pair, worth $4.07 million. 🟢 Federal Reserve decision (12/18/2024): 1. Interest rates were cut by 25 basis points, bringing the total to 100 basis points for 2024. 2. Dissent from Cleveland Fed President Beth Hammack. 3. Two more rate cuts are expected in 2025, totaling 50 basis points. 4. Inflation forecasts for the end of 2025 were revised from 2.1% to 2.5%. 5. Unemployment is expected to reach 4.3% by the end of 2025. 6. No further interest rate cuts expected after 2025. 📉 Impact: Positive for the US dollar, negative for gold and financial markets. 🇺🇸 Powell’s Notable Comments: • Jerome Powell: “We are not allowed to own Bitcoin, and we have no plans to change that law.” • These comments negatively impacted the cryptocurrency market, reflecting the Fed’s cautious stance towards digital assets. 💥 Financial Markets: • The US stock market saw a massive liquidation of $1.50 trillion today. • Cryptocurrency market liquidations have reached $310 million so far.
$BTC I think if the support is broken now at 100 we will see 98 easily. Bitcoin stabilizing above 100 will give a clear signal to go to 110. We are waiting to see.
$XRP The whale trick hits the prices to the ground, then the beginners sell while they buy their currencies from them, and the price explosion occurs after two or three days. Do not sell at a loss. Wait and you will see the wonder at the beginning of the year in January.