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YOU NEED TO KNOW WHERE WE ARE! Possible FLASH DIP in Bitcoin and the Ripple XRP Price Chart!

The digital asset market is in an interesting place right now when we review how the entire bear market has played out. We have essentially followed exactly how Bitcoin has performed over the previous decade, without deviating from its typical behavior.

However, if that were to continue, we would need to expect some type of a flash crash down to $6,000 for Bitcoin relatively soon. Will this happen? Well, I’m not an oracle or a fortune teller. All I can do is perform technical analysis to the best of my ability, and give my opinion on which way I think the markets will swing based on the information I see on the charts. Right now, I would find it more likely that Bitcoin would swing to $6,000 in a flash, taking out all leveraged long positions and hitting all the long stop positions, rather than letting them all get a free ride to the moon.

Since we see the Bitcoin Dominance resting on the support, this may be a move that is mostly applied to Bitcoin, as the Bitcoin Dominance will break supports.

I would expect the Ripple XRP chart to dip to $0.175 in this case of a flash fall in Bitcoin. But I would also expect a quick recovery.

Hi, I am the Blockchain Backer, bringing you the latest crytocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts.

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DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions.

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  1. The drop you saw back in 2017 was the negative news on bitcoin. The hardfork was announced, bitcoin Cash, Segwit2x and same people sad that day that bitcoin will be hacked in a couple of years. Look at the news from 10-11-17 to 12-11-2017

  2. Not playing with this one. Haven't done any swing trading or trend trading since the bottom. We're right at the edge aren't we. You better know what you're doing on this one. Crazy times are coming.

  3. Cryptocurrency is still one of the world's almost growing and populated digital investment mostly when it comes to Bitcoin which is the cheerleader in crypto world. For a good reason, bitcoin bull is rapidly gaining momentum and it has broken the '9,700 region against the US dollars which serve as a new support, Btc is showing positive signs and it is likely to surge towards '10,000 and '10,500 in near terms in the bulls can defend the present support tightly. However even as bitcoin is trying to start a new bullish trend, it is best advice to accumulate and grow a very strong portfolio ahead of the major bull market. As a trader, i feel it is still best we take the best out of the market by trading wisely and building a very strong portfolio mostly now that the market is starting a new bull race. For me, it's been so profitable lately because i was so lucky to know of a pro trader and signal provider known as Huxster Charles, his daily signals has been so helpful and well timed to execute trades correctly. Last month i was able to grow a total of 6.9btc having traded with my 0.9btc which you would agree with me is a good profit. I would also advise any trader willing to grow a very strong portfolio ahead of the next bull market to make use of Huxster's daily signals, Huxster can be contacted via @Worldbest_trade and Whatspp:+16174316054 for inquiries into profitable trading systems.

  4. I will always day trade and capitalize on my short term gains. I tried to learn how to trade the hard way but i was unsuccessful until Dr. AdamConnor came and showed me the right way to day trade

  5. Great content buddy! Meanwhile, the current bitcoin bounce is encouraging and this recent trend goes a long way to show you that bitcoin is the only asset that can survive an economic recession. As an investor, we should always accumulate and increase our position always because that’s safer. A strong bull run never seen before is upon us which we'll see the price of bitcoin skyrocket, isn’t it common sense to have as many coins as possible so as to exploit and take full advantage of the price mooning?? the smartest way to go about this is by trading to increase your current positions. I trade daily with signals and strategies provided by Mr Brian, he is one of the best crypto expert and signal provider I ever came across in this crypto space and his signals and strategies are simply spectacular with high accuracy to grow your portfolio like it did mine from 3.5 btc to 6.3btc in just two weeks. Mr Brian can be reached via <Telegrm: @Briantrading15 >for his assistance on trading bitcoin profitably.

  6. flash dip started as you expected. maybe not quite as large if it holds, but great call. Thats why i continue to watch all of your videos! great stuff

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