#Bitcoin #XRP #BCH #XLM
Bitcoin at $19,000.00
Bitcoin is price is just above $19K as of the time of writing this article. Today we will take a look at the good ole #Bitcoin chart an see if we can't get an idea of what is going on. I will also skim through some current FUD articles to see what the narrative is behind the Bitcoin price.
The chart above reflects my current opinion still about Bitcoin will bottom out with a nice W before kickstarting the next Bull Run if we have the best case scenario. Although it is likely, I am not betting my home on it.
Bitcoin ideally would hold above the 2017 highs and not dip below 2020 lows. We are currently below 2017 highs which indicates in my opinion that we will see a similar low as we did in 2020 I am estimating that it will be between $9K and $12K still.
Although some people are coming out now claiming that Bitcoin is headed below $4K which I am inclined to disagree with. Bitcoin needs to hold these current levels above $9K in my opinion.
The roller coaster ride down has been an extremely emotional one for a lot of people. A ton of people have been rekt completely by fraud from people Do Kwon whom knowingly helped crash his own blockchain using a loophole that he himself knew about already.
The TFL Fraud impacted a lot of people both directly an indirectly. The TFL have thousands of Bitcoins that they sold off in false pretense that was supposed to go towards saving what is now known as #LUNC
This has lead to a lot of mistrust in Terra Foundation as well as Do Kwon. However he still has a bunch of puppets fueling his bags as he works on another dead end angle to lure more investors and to take BILLIONS more from them.
Bitcoin Cash: Will we see $25.00 ?
BCH has always followed in the foot steps of Bitcoin rightfully so considering BCH is a soft fork of Bitcoin itself, hence the name Bitcoin Cash. Over this past cycle Bitcoin Cash has managed to perform above average in my opinion.
I am one of those people whom believes that BCH will follow the price of Bitcoin itself and will one day be worth over $20K although that depends heavily upon financial regulations that could unfortunately put an end to BCH. A highly unlikely scenario, but none the less, it could happen.
Now the purpose of this chart is to show the major downward angles and how BCH is building them into support. It appears as if we have made it out of a strong resistance barrier. Although we are hovering around $101.20 as of the time of writing this. I am not to optimistic about the price of #BCH at this moment I am eye balling the low at around $25 to $75
We can see on the chart that BCH seems to be stuck below the $103.00 resistance level and is looking to take a leg lower. I am going to go out on a limb here and say that Bitcoin Cash will be dropping some time before Wednesday. I normally don't throw a day out like this, but I feel confident saying that considering all the charts and news that I have reviewed recently.
I also have a nice buy order set up below $25 In my opinion if Bitcoin takes this next leg down as I have been expecting than we will see Bitcoin Cash do the same as well. When this happens Bitcoin Cash should bottom out as well. When Bitcoin itself was around this point age wise on a lot of exchanges the price dropped to .01 cents for a moment. I would of liked to have bought #Bitcoin at that price, but I didn't get a chance to.
XRP Continues to Hold!
I love my #XRP about as much as I love my #XLM They are two different currencies that have the same goal overall. However XRP is caught in the latter part of a law suit SEC VS RIPPLE which is coming to an end hopefully next month.
XRP has held strongly above .30 cents with some fluctuations. XRP still managed to have decent Bull Cycle even with SEC B.S. The SEC says that XRP was sold in a manner that constitutes a security. However 99.99% of people that hold XRP did not buy XRP in that manner.
I am willing to bet that only 10% of the people who bought XRP before the SEC VS RIPPLE had no clue about ripple. Why are they fighting to control XRP when XRP had a right to a fair notice, but was never given one?
My Conspiracy Theory? Okay, since you asked. I believe they want to use a currency like Pi Network Which speaking of Pi Network if you haven't already signed up and started earn your Free Pi click this link and sign up now!
XLM
XLM is looking like a steal holding strong above .10 cents. We could be looking at the bottom at this level for #xlm Which would have us being in a bear market until around March of 2022
In all likely hood we will see some very cheap discounted XLM in the coming weeks to coming months.
My Thoughts on This Market?
We have all kinds of events taking place that keeps shifting the Market from Bearish to Bullish and back again so much that one may be developing whip lash as of now. However the adoption rate seems to be doing rather well.
So much bad news about crypto leading headlines like Celsius being insolvent along with #3ac #voyager and rumors that #Blockfi is going under as well.
I went on about Do Kwon #Luna #Fraud earlier but I think you all get the point that we are having to deal with weeding out the actors like Do Kwon who are in the game to steal Billions of dollars from anyone.
Also Crypto Queen made headlines for joining the FBI Most Wanted List for stealing $4 billion dollars from investors. The harmony one cross bridge attack for $100 million, #AlienInu where the co founder vanished to start a new chain with investors money.
The amount of projects that have went belly up is still counting and doesn't seem to be slowing down. I am sticking with some worthless tokens as I don't want to off load them onto someone else who knows nothing about them.
As far as new investments I haven't came across any that I would be interested in recently.
Switching lanes we have the EU announcing that it will be strictly regulating crypto, than you have the president of the USA tweeting out blaming gas stations for the cost of oil. I wish I was making this up.
Biden shut down drilling and raised taxes sky high on all fossil fuels while cancelling the Keystone Pipelines an than reinstated the Paris Climate Agreement. The S*** F*** isn't smart enough to realize that he is the high gas prices with his ban on directly purchasing oil from Russia.
Meanwhile Biden and all of his BUDDIES sit around raking in Millions an Billions from the over seas companies they own majorities of that Americans are being charged more for doing business with.
How does that one feel?
