In the past few days, we have heard a lot about banks and funds expressing their intention to adopt some prominent currencies such as Bitcoin and Ripple.... Is the decline happening as a result of the negotiations and the latter's requirement to buy currencies at very low prices? If the scenario is possible, we expect huge amounts of currencies to be bought and we will see a legendary bull run that has never happened before. We hope so
We have a saying that goes 'He who fears is safe.' And I was afraid and ran away before I could get caught.
ياسـر
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Two days ago, I wrote a post that many of my beloved followers criticized and described as pessimistic. I swear, it is not in my nature to be pessimistic, but sometimes I am driven by the fear for the interests of my followers, and I find myself compelled to write, even if it's "implied"!
Follow up 1: Bullish Hidden Divergence on XRP - 4H TF Chart🧐🧐
$XRP
Evidently,
1. The Hidden Divergence failed: it is reflected by the purple arrows and it did not work out this time. Had a wide SL and Got stopped out below the forming Wedge.
2. The 4H TF Chart looks normal now: Price does down making a lower low, OBV follows: Blue arrows
3. Now What? The same blue arrows in the 1H TF show a forming Regular Divergence. Wait and see if: - the zone of interest/liquidity zone around $2.30 holds - Sweep and back up creating Regular Divergence
The market is scary and no one knows which direction it will take.
bissou bi
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Bearish
Well... I have seen since the beginning of February until last week and especially this week, people claiming to be experts in the field of cryptocurrencies calling for leaving the crypto market and stating that it is a conspiracy to steal money. They are demanding that people convert all their assets to USDT and that the market is crashing after a day or two, with severe downturns and the market's bloodshed continuing indefinitely... I honestly described them as crazy, but I sincerely apologize to them now 😂🙆... What do you think?
I think we are heading towards a scary red candle 🔻🔻🔻
ياسـر
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Finally: The important question now is whether these areas will withstand or are we facing a deeper restructuring again? • If the goal is to absorb the accumulated liquidity at these levels, we may witness a phase of relative stability and building positions before moving again. • However, if the market is in a phase of expanded distribution, the next wave may be more severe than some believe. • Simply put: the market is not what you see, but what you need to understand ..