Cryptocurrency, News & Updates

‘Shakeout Prophecy’ comes true as Ethereum and XRP Unwinds

September 8, 2020

Credible Crypto, a prominent trader and analyst, says he believed that Bitcoin’s (BTC) recent correction is designed to prepare weak hands.

In a recent tweet, he told his 65,000 followers that he assumes that the crypto king will likely move down to almost $9,600 and fill an available gap on the CME chart.

“Was not expecting this for BTC, but it seems the CME gap fill prophecy will come true (sub $10,000). ETH still hasn’t hit my minimum target ($360), and I don’t think it drops without BTC falling with it. Regardless, we are on HTF support, and I expect it holds. This is a shakeout.”

Meanwhile, the trader considers that BTC may have downside probability; he also says that the largest cryptocurrency is showing a long-term bull indication. The coin appears to be adopting a former confrontation into support in the advanced timeframe.

Beholding the Ethereum, the trader says that the second-largest cryptocurrency has yet to sculpt an end.

“Now that $360 has been met, lots are asking me if I think the bottom is in for ETH. I don’t. If we can push above $408, then there’s a CHANCE, but for now, I think we drift lower into the abyss. We are in the home stretch though, almost there in my opinion.”

Up until now, Credible Crypto forestalls that ETH will trade even lower than $300.

“Just woke up and took a look at the charts. Sub $300 ETH likely on the cards, even if just for a quick wick.”

Speaking about XRP, Credible Crypto reasons that the end of Ripple’s native token’s alteration is previously in vision.

“We drifted lower into the abyss. That being said, there is a reason other alts have held up fairly well through this drop. There’s a reason BTC and XRP haven’t made lower lows, YET. It’s almost time.”

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