BTC Sliding Toward 60K As ETH Cracks Below 2K 😈
In his latest post the popular analyst argued that BTC is still trapped inside this wide channel on the three day chart where 73000 is the key mid range support. If the top crypto breaks that zone hard he sees the channel bottom near 60000 as the next big area to watch. 🖤 That would be a nasty extra drop after the painful slide from 87000 down to the current 76000. It also lines up with other bearish calls from analysts who think bitcoin could tumble to 56000 marking a fresh multi year low before any real recovery hits next year.XRP Breaking Down Toward Those August Lows Too 🌑
Ethereum setup looks even weaker according to Martinez. The biggest altcoin seems to have snapped below a right angled ascending broadening pattern on the daily chart where 2385 has stopped acting as support. The measured move from that shape points right at around 1963 if selling pressure ramps up. 📉 This spot also matches his earlier alerts that a clean break under the 2350 to 2400 zone could drag sub 2000 ETH back into the picture. XRP current vibe feels just as shaky as ETH right now Martinez explained. The token has already busted below the mid range support of its trading channel so his focus shifted to the lower boundary near 0.99. Remember it touched that level back in August right before a wild 70 percent pump in 72 hours up to 1.70. Still the overall mood around it has soured fast lately. 🚨 Santiment Intelligence pointed out a trader who called for XRP to fall toward 0.99 unless it closed above 1.36 which never happened. The asset has dropped roughly 10 percent since but the whole market dipped too making it hard to tell real skill from lucky timing. Among some of the most profitable XRP wallets only one stays long right now and that wallet has not traded since August. Meanwhile three active short positions have added about 2.1 million XRP since late October. 🤑 The whole scene feels kinda sinister with these big moves lurking.Just another echo from the void by iconofsin.eth 💖
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