Good morning

I changed something to the count.  I have been talking about a triangle "Y" scenario a lot lately, and it's probably what we have seen during the sideways period. But the triangle broke down and not up :

This 29 days sideways action is more acceptable for an X wave then a one day pop, you can correct in price or time, and in this case we have corrected in time more then in price. It is an indication of weakness though, a running correcting. Market was not able to go over the W and printed a triangle to complete the correction. So yeah, that is a bearish indication. 

What we do from here is count the zigzags in the downward direction, this new view did not change much to short term price expectations, after the five waves down (probably a of w), we saw a pop for b. Some of might have taken that as a shorting opportunity .

With the current inflation (that we all notice in our daily lives) I think it is important to invest in quality.

Avoid the shit coins at all cost, we have already seen LUNA go to zero and I'm pretty sure more to come.
However certain strong crypto with use case could boom under these circumstances. I still think XRP is a good choice, we'll see how it plays out.  No guarantees. Only invest what you can afford to loose.

How low will we go? I don't know, I will count the zigzags, we can have a single, a double or a triple... I do think this could be the final decline, well I hope so anyways because if we go below the December 20 lows I can not see a bullish picture for XRP, not in the count anyways . At that point I will have to accept that the pop was a bubble, and not the start of something bullish.

Have a good week.