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Epic Pennant on BTC Chart


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Little late today.  Market has changed significantly since this morning.  Announcement from the White House that Russia may invade Ukraine soon has caused an immediate drop in the US Equity markets, a spike in Oil and a drop in crypto. 

Is an invasion of Ukraine and the subsequent sanctions against Russia including likely being shut off from the SWIFT system bad for crypto?? No it's not, if anything it could be a watershed moment for Bitcoin, if Russia embraces Bitcoin as an alternative to SWIFT.  

XRP is now at .774.  If you missed it in the .60's you might want to pick some up now, I'd be buying all of XRP's  dips if my bags weren't already full. 

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XRP is firmly below the down trend line at the moment.  Litecoin (sometimes a leading indicator) is looking to break though one down trend line.  I've started paying attention to EMA's again.

Everything looks kinda sideways - on the very good side though - Bitcoin's hash rate is at an all time high.

https://bitinfocharts.com/comparison/bitcoin-hashrate.html#3m

Price isn't high right not and there is so much good news coming out that I'd be buying all dips.  

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Bitcoin's Price is moving out of the Down Trend Lines.

10 hours ago, Nat99 said:

@Eric123you're starting to get bullish on XRP, right? (i.e. you're paying closer attention to it than you were a month or so ago)

XRP's chart is starting to get interesting.  Usually XRP's chart doesn't really tell anything but lately it's been showing some life.  I am bullish on XRP  I'd be adding now if my bags weren't full. 

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Bitcoin's price is once again below the Down Trend Lines apparently on "Ukraine" invasion news. Looks like we'll have to wait a little longer for our break out.  I want to buy something, maybe LTC or Sologenic (my longshot play) just dropped below .40 maybe I'll pick up some more of that. XRP below .8 looks good too. 

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23 hours ago, Eric123 said:

Bitcoin's Price is moving out of the Down Trend Lines.

XRP's chart is starting to get interesting.  Usually XRP's chart doesn't really tell anything but lately it's been showing some life.  I am bullish on XRP  I'd be adding now if my bags weren't full. 

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You find soft tears in bags, make uncle pasty for McDonalds but he no potatoes. 

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