#XRP is trading on a red 5 on the weekly time frame according to the TD Sequential trading method. This is a setup for 5 more weeks of downward pressure if the momentum carries through to the 9.
The 21 EMA moved down to R11.11 and is slow-moving downward each week. The BTC Fear and Greed index is sitting at extreme fear (23) and the news is very bearish!
Traders are now suing Binance claiming Binance shut down during the sell-off to liquidate users. Binance did not shut down to liquidate users, they got hammered by extreme trading activity. Is there still a bull case to be made here? Are we at the bottom yet? No one knows but we know this, buy when the blood is on the streets and sell into euphoria!