RATE Group | The phantom of fear pierces market foundations
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The phantom of fear pierces market foundations

16 Dec The phantom of fear pierces market foundations

Posted at 10:02h in Bitcoin News by

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  • Negative technical indicators are extremely volatile and are approaching a technical rebound.
  • Ethereum has fundamentals in play versus Bitcoin which could be lethal.
  • XRP is not immune to downfalls and adds to the dangerous game of critical supports.

Christmas is looming around and, on the crypto board, the slow symphony of fear continues to ring.

The Top 3 of the market are playing with critical support levels and keeping high tension since below current levels the market can go from fear to panic.

This pattern is a traditional system to clean the weak hands of inexperienced traders. The specific paradigm of the crypto universe revolves around the high percentages of holders, convinced that the future value of Bitcoin or Ethereum would be superior.

The case of the XRP, from my point of view, is similar in objective but differs in motivation. Anyone can see that the business potential of Ripple Ltd. is immense. Just look at the business figures of the…

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