We've already disposed of my recency bias, but I'm leaving up the prior fractals and the fib retracements because I think we will retest them.
Short-term.
I'm not sure we are rocket launch time, but we could be in for a choppy winter as crypto goes through another consolidation. Expect SEC cases and anti-crypto news to be front and center - UNTIL Congress passes a digital assets bill.
Long-term.
The wars overseas will add to volatility and pressure weak hands to sell off, but still, I swatch for DCA options for any pricing under $0.50.
WATCH Congress for potential digital assets law in Spring 2024.
THEORY TIME.
XRP will go quiet this winter while the ODL reservoirs fill up overseas (Search: Ripple: XRP ODL Payments Now Live in India – The Crypto Basic).
Traction will take hold while the SWIFT ISO20022 transition gains trust. (ISO 20022 Standards at SWIFT (dot) com).
The next two years are pivotal to this theory.
Short-term.
I'm not sure we are rocket launch time, but we could be in for a choppy winter as crypto goes through another consolidation. Expect SEC cases and anti-crypto news to be front and center - UNTIL Congress passes a digital assets bill.
Long-term.
The wars overseas will add to volatility and pressure weak hands to sell off, but still, I swatch for DCA options for any pricing under $0.50.
WATCH Congress for potential digital assets law in Spring 2024.
THEORY TIME.
XRP will go quiet this winter while the ODL reservoirs fill up overseas (Search: Ripple: XRP ODL Payments Now Live in India – The Crypto Basic).
Traction will take hold while the SWIFT ISO20022 transition gains trust. (ISO 20022 Standards at SWIFT (dot) com).
The next two years are pivotal to this theory.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.