If this move happens, and using BTCUSD chart could predict the next move in XRPUSD, then the XRPUSD chart could provide an outlook on where potentially BTCUSD might move as the Ripple chart is moving much much quicker. I'm curious to see how this idea plays out.
Bitcoin 4.98% could follow a similar path however it has steadfastly stuck to it's support lever around 12000 so far. I can only plot two potential pathways for now as there is not yet a clear indication that this support will be broken. If it does fail we could see BTCUSD 4.98% fall to the 8500 range or potentially lower.
As you can see the 50 MA is creeping down on the 200 MA and this will not have a good result when it crosses, so we will watch this move carefully and possibly one strategy would be to exit on an uptick and wait the move out.
Happy New Year everyone! And happy trading, wishing you the most successful trades for this coming year!