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bryce

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  1. @Staigera Obviously you don't have the capacity to actually respond like an adult, so let's just check in when the SEC clarity comes out? 0.5 cents is a long way down, and we just had the US government talking about cryptos again. Good luck!
  2. No offence taken Donoizzy, let me try and clarify. I understand the language when taken out of context would appear vague. The full sentence was : We look to be heading down to the long term bear reversal line, which I peg at around 43c AUD, this is concerning, but not surprising. We should see a strong bounce here, or a dip under then back up. I am buying. What this means : We are approaching a level of support that is long term, and is respected by the market (bots, day traders, TAs) and therefore we will see a reaction at that point. A strong bounce means we touch that support line and bounce of, as happened, I bought as I planned and made 5% within a a few hours. The reference to the "dip back under than back up" is when the sell pressure pushes down through that long term support, an over reaction, then it pulls back up to respect the long term trend, the same outcome of support, but the buying opportunity is better, if you willing to "catch the falling knife". I explained the scenario in which would would dip back under is relative to the BTC sell off, which brings us to the next sentence. Correlating with the BTC/USD chart, we are at a decision point with BTC, will we push up through this chop zone, or pull back. I am betting on BTC pulling back to 9k USD before it runs again. This will drag XRP down, likely below the long term support momentarily. This is where I will buy, hopefully around 36-38c AUD. The Chop Zone here refers to when the market is going back and forth with indecision about pushing up to the next resistance level. You can see the run up to this price range was all green, no indecision or resistance, then it reached a slower point, breaking the parabolic trend. This is an indicator that the market does not necessarily have the momentum to go through this point. BTC was at 11200 USD when I posted, it pulled back to under 10K since then and bounced back up again. So this sell off was anticipated, but the depth of it is unknown. I added this BTC reference chart to indicate, if the sell off continues to 9K (which I still think is a possibility) then the reaction in the XRP chart will be to fall under the support line of 43c AUD and then bounce back up to observe the long term trend. I understand that those sentences out of context seem like a win win, but I was quite specific in the target buy range, which I executed and made profit on, and that BTC would pull back considerably. Both of these outcomes played out. The general message here was : 43c AUD is a strong support, I would be safe buying at or under this point knowing that the general support line is in play for nearly 1 year and it should return there and above. Now this is all is fairly educated decisions which can be over ridden by fundamentals and market news like Coinbase, Exchange Hacking, change in rulings, the infamous Chinese New Year haha etc etc. That's the bit I think people miss, always watch the fundamentals too, that's what make things unpredictable compared to the day to day trading which the bots run through. TA is great when the market is plodding along, but some external factor can destroy it through a pump or dump. That is fine, understand what it's good for, and watch closely. Also, I would like to point out we just had the US goverment make a statement about regulation, Moneygram and SEC progress, being very specific about Ripple, read more here: https://thexrpdaily.com/index.php/2019/07/15/brad-garlinghouse-personally-speaks-to-mnuchin-press-conference-is-trending/ I don't just use TA to make decisions, there is the fundamentals aspect of this too, which I am following closely and provided commentary. But to disregard TA I think is insanity, every trading bot is programmed on past market behaviour, which is price action. This is the reason Fib Retracements and support/resistance trends work, because the majority of trading is done by bots respecting those patterns. TA is good for understanding short term price actions for sell and entry points, and knowing when breakouts are going to occur. Longer term, it is good for knowing if we are in a bull or bear situation, which was the intention of my original post, to show the long term support line and see that we are going up, even if it feels like we are going down. I think the general "TA is stupid, I hate charts" mentality is ridiculous. Both @Staigera and @Xrpforme called out my post as "stupid" because it had TA in it, and is invalid. This is such a blind, regurgitated attitude by people who do not understand it, and where it should be applied. There is no way an investor with your retirement funds, a stock broker, a crypto trader does not look at past price action to make decisions, other wise it's literally a "buy here, I wonder if it goes up". Over and over again TA has helped me make better decisions on when to buy and when to sell.
  3. So you believe in the asset enough to stay in it, and assume you are the only one "husseling"(sic). You have no idea about my investments or dollar cost average. You seem angry at your investment of time and money, and the lack of returns. Why should that stop me posting in a forum about XRP? You're only response is to take the **** out of me with a highly negative and immature response. Try responding to my actual thought out post, rather than copy pasting "plans within plans" for attention like a child. If you and your "bro's" (who are these bro's?) are so sick of people talking about positive news and potential price movement, why are you on an XRP forum? Or you come here hoping to reinforce your bro group think with FUD? How dare I offer a considered overview of the current position. Please enlighten us with more negativity wise one. You seem to speak for everyone here, although not me. I do not expect to see $1 till we get SEC clarity, and we are still waiting. As I said in my example, comparing this investment to a speculative investment is pointless, and proves you are in this for the wrong reasons. You also would have made more if you bought XRP at 2c, but do you relive that moment too? What do you hope to achieve with all this complaining about your wrong investment, will Brad magically make your XRP go up to please you and the bro's? If you can't handle the heat, get out of the kitchen.
  4. My mistake, I cut off the end of my chart, 14 August is the correct date
  5. Sound like @Staigera is at capitulation point, along with a lot of people. It's understandable, it's stressful watching it go down, but if you're in cryptos and not the slightest bit diversified, expect to feel this from backing the wrong horse for maximum short term gains if that is your motive. That said, I am not in this to trade a speculative market, this is a long term investment, and I am 99% XRP in my portfolio. I think it's a matter of perspective. You've chosen an investment that has gone up 34% since it's low in August 14, 2018, yet compared to BTC, this seems like nothing. Yet if you had that money in the bank earning 5% a year previously, you would be quite happy with this progress. Obviously most people feeling this stress did not buy below this point. That is not an issue with the asset itself, it's an issue with your entry point. That's impressive gains based on fundamentals, unless you compare it to the gambling market of speculative cryptos or traditional penny stocks. There are plenty of equally volatile stocks making more than BTC https://au.investing.com/equities/top-stock-gainers if you know where to place your money, but again, it's a guess.
  6. And there have been higher lows since Sept 2018 August 14 2018, that is a reversal from the previous trend of lower lows.
  7. Fill up that hopium pipe, here's my stress free run down of where we are at: Charts : We look to be heading down to the long term bear reversal line, which I peg at around 43c AUD, this is concerning, but not surprising. We should see a strong bounce here, or a dip under then back up. I am buying. Correlating with the BTC/USD chart, we are at a decision point with BTC, will we push up through this chop zone, or pull back. I am betting on BTC pulling back to 9k USD before it runs again. This will drag XRP down, likely below the long term support momentarily. This is where I will buy, hopefully around 36-38c AUD. This price reversal will be temporary, and should not be feared. Why? Fundamentals! Ripple is poised to drop some serious news into the market which will actually move us. Trumps tweet about crypto was about calling out "non-regulated" cryptos, and dampening down the BTC run, which he see's as China led, and rightfully so (51%, miners, we all know). The key words here are unregulated, based on thin air, unlawful behaviour. This clearly excludes Ripple who is working with regulators, has a purpose and has KYC and a ledger allowing the tracking of finances through the system, reducing the illegal activities. Now right around the same time, Brad Garlinghouse tweets the following: This is a reminder to the community, yes XRP will get SEC clarity, and the ruling will be clearing ETH and XRP through a similar hybrid definition. Note the confidence here, they are partnering like crazy with banks, pushing into the US market through Moneygram, HSBC and doing deals quickly everywhere but the US. If the US chooses to stay out of the this movement, they will be left behind. Signing every bank in India is a clear signal here, along with Middle Eastern countries, Brazil, Japan, Phillipines etc etc. The message is clear, this is happening, and the US will be at a disadvantage if they don't get on board. Couple this with the IMF Lagarde history, her move to the European Central Bank, BIS meetings and progress, the train has left the station. The asian markets are also on board, with China being the last man standing in some regards. BTC does not have the technology to support where we are going, this is common knowledge and should not even be a concern. Price Suppression : Yes it's likely happening, and I think it's being controlled for the purposes of regulation and BTC competition. Trumps tweet mentioned the "Highly Volatile" nature of cryptocurrencies. If you look closely, XRP has not been as volatile as BTC the last 6 months, while we want to see gains, this is not something to fear. Plans within Plans. I think this price suppression is about removing volatility while SEC clarification takes place. We also have BTC maxi's working to suppress the price, through fear of competition,but this will be nothing compared to the money that will flow into XRP once we see SEC clarity and over ride that control. Summary : I am not selling till we see SBI, BIS, SEC, IMF all play their cards. Do not confuse a speculative asset like BTC with a fundamental asset like XRP. It's gambling vs an investment, make your choice and let it play out. Do not sell at a loss through fear, you become the free lunch you seek.
  8. "You'll never see it at these prices again" - yes, I'm buying
  9. Can relate! It has made me "save" more money than I ever have in my life.. although the interest rate isn't currently great
  10. You asked this question 6 weeks ago, the entry I posted is still correct, are you still waiting for @ripplewaytogo price prediction of 35c AUD?
  11. By experiencing, you mean FOMO'ing into the market at $4.34 AUD at the start of January 2018 "my girl"?
  12. Well they do say a fool and his money are easily parted I do my best to give educated TA / Fundamentals based responses because when I first got into trading I just hit buy and assumed it would go up forever (ahh the 2017 bull run was an exciting time! Followed by a long disappointing time...). Turns out it's not nearly that simple and that lack of understanding cost me some serious gains. Fortunately an experienced trader took the time to educate me to understand the market better and I am trying to help others not make the same mistakes. I don't expect to be right all the time, but it may help someone make a better decision I hope.
  13. Funny, a month ago, you told someone not to buy because : "If I am going to look at an entry price I be looking to enter at 35c" (AUD) Despite me posting a chart with the entry point exactly right, and we haven't dropped below that entry point again. We are now up 30% from that point and that guy might still be sitting on the sideline waiting for 35c as you insisted. Maybe it's easier throwing out random guesses when it's your husbands money, but consider that people actually come here for trading advice with their money.
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