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musclehog

Y’all ready for this turbulence?

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I woke up 10% poorer than when I went to bed, crypto-wise. LOL.

But so far the action is not that cruel. Let's see if we can hold above .40-.41 . If so, this is just a bump in the road.

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For btc, this last one matched the year over year high of around 8k, so the bulls will most likely take a breather before deciding the next move.  Not for XRP thou, it could potentially push for 0.72 year over year high.

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We're starting to look pretty weak on BTC and XRP on the  short term (30 minute and 1 hr) charts. This is the time of day I was worried about today. Hope we hold and the Asian buyers take a nibble again.  I am paying more attention to BTC. Lots of red candles. Not sure if this holds. Strap in and prepare for more turbulence.

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BTC and XRP both look pretty toppy, and I think we might test the $7000-ish level on BTC pretty soon if some more buyers don't come in. If BTC falls to 7K, I look for XRP to struggle to hold .37.

Normal yes. Desirable, no. 

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