Ramforinkas

I don't remember claiming 30k would absolutely hold, but did believe that - maybe I said that but can't find that comment. And if I did make that statement, oh no, it fell 7 percent lower to 28k. I don't try and perfectly guess the market, that's impossible and pointless. I do recall saying 80 cents for XRP would hold which didn't happen. Regardless, I remained true that we were NOT in a bear market at that point, because technically, that isn't what the charts told me and prices would improve. I argued that many times among several other TAs. You on the other hand constantly belittled, insulted, and proclaimed you were one hundred percent sure the markets were collapsing. Just one of many prime examples from April to July: Then suddenly, the market slowly turns around, and you become bullish. Shocking. And just for the record, I'm nearly bearish on BTC now. I'm not going to go around and insult others however that believe we'll continue making higher highs.

This. Some of the statements/assertions made here over the last several months were ridiculous, especially when we were around 30k. We're all here to make money, and narratives from both sides can be helpful. But the name calling and insults are enervating.

Posted plenty of TA since then, just in private threads. Not worth replying to this. Honestly, not even sure why I come out to the public forum anymore. These are the kind of replies you get here. This thread isn't even "charting the course of xrp" anymore and should be closed, tbh - or more moderated. Peace.

Sorry, but that's not really correct. He has been, and is, rather toxic at times and openly makes jabs at holders. Not to mention his calls were that XRP and the crypto market was heading into the abyss - for weeks on end. His toxicity is a prime example why most TAs avoid this thread (and the main forum in general) like the plague.

@Molten Just curious if you're still bearish (or even around anymore). I recall you mentioning if BTC regained its 200 day moving average, you would revisit that. Appreciate your insight.

I was here, and made a few posts along with some other "chart gurus" which agreed 30k would hold. We were mostly attacked, so those posts disappeared and the bearish echo chamber commenced. To be fair, this happens during extreme bullish phases as well. I'm not questioning his investment approach, rather his arrogant (or trolling), self righteous attitude. Attacking anyone whose opinion differed. Gloating on this forum for months, then turning bullish, although now bearish again(?), it would seem. Regardless, it doesn't matter. If the price increases, he'll turn back bullish. If decreases, it'll be the "i told everyone so", look at my profitz luls.

I never self proclaimed myself as anything, I haven't really even posted much as these forums have been a toxic, negative echo chamber for the past several months now. I didn't ignore your "critical points" and addressed each one in an older post, and all of which I mostly disagreed with. One just perfect example, when you were sure that we'll just make another lower low after bouncing off of 28k to 33k. What? You mean your, I'm bearish when the prices decline, and bullish when the prices appreciate? Further, I could care less if you're trading the market or not. What I'm annoyed with is your bumptious, arrogant attitude. Agreed, but that's not how you've acted in the past. Your continuous lower low calls for months on end show that. I'm just calling it as I see it. Not going to respond to more of these replies as it'll further derail this thread.

(not investment advice) While this chart is on BTC, XRP will follow the trend of the market so it's indeed relevant: Consolidated in a price range for 73 days before breaking out Currently above the 200 day moving average. Failed to close above the 200 day the prior two days. Closing above 45k today would be another significant victory for the bulls. BTC invalidated an ABC correction scenario July 30th Continues to grind upward. My eyes are on the .7 fib region for a potential bearish reversal there. Breaking above this level would indicate incoming new ATH, IMO. I do believe we'll break through and still set another ATH. The pattern that BTC has been forming over the last 3 months shares far more similarities to accumulation patterns rather then retracement patterns. I am interested in knowing if all of those who jumped out of the market have reentered, or if their remaining out for the time being? If reentering, at what price point?

What's funny was how yourself and others were on here daily berating and spewing out your bearish narratives as if they where gospel. Constantly calling for lower lows, even when any trader worth his salt understands that we would at least see some sort of retracement first. Emotion does not make good traders. I do agree that .5 to .78 fib levels are important, and the market could reverse from here.

BCBacker believes the trend is up, and the market as a whole has another leg up to go. In his video today he said he's completely long and reinvested the gains from ETH/BTC/ADA into various other alts sometime back. To be fair, he's probably down on some of those buys as I did mirror him somewhat and i'm down on them. Sold ETH/BTC at 3.5k-4k / 55k to buy alts which i'm down a bit on. Bought BCH at 500 to 750 with those gains for just one example. Still happy with that decision.

As Jeremy says, this letter is "sweet-heavenly fair notice nectar of the gods" for Ripple

It's up 20 percent currently, and certainly a very odd 4H candle forming. Definitely something to watch today to see if it holds or moves back up from here. If we start seeing a few other alts performing similar movements, then indeed that could signify incoming large market wide upside movement. For the time being, I have to agree with Eric. Unless we make a new lower low here (break under 28k), we should see a retracement up above 50k for BTC, at least.

Which low? The previous low was actually a higher low, but if going back to the "low" prior to the 28k one, there pretty similar. Literally just sideways consolidation to me. If we break down below 28k again, then that'll be different. Not much to say here, I'll agree that the last several weekends have been red, we'll see if that trend continues. What? I don't see any prior examples of this going off of the last two bull cycles. See below. Further, were one day into July.. and you're considering this already to be a red candle on the monthly? I believe you're referring to the ~16k BTC unlocked from GBTC? Even if all are sold, that'll account for 528M selling pressure on a daily volume of 30B. Oh no. Draw the descending channel and we can review it. Are you talking about a very short term descending channel over the past day or two? Here is a quick one I just drew that broke upwards on June 23rd. Not a fan of channels and trendlines as you can draw them really to suite your needs IMO. As you can see, mine is bullish. Certainly not a myth, but a lagging indicator for sure. Not to mention, half of death crosses formed on BTCs chart actually end up with bullish movement shortly after forming. Often when a death cross forms, the worst is over. Which candles and moving averages? Here is one I've been watching and is historically important. 50 week SMA. Confirmed support and bounced when we hit 28k. Surely it's under some, and above others. Maybe, maybe not. What it smells like to me is capitulation and some trying to justify recent trading actions by fearmongering. I'm in crypto for a longer timeframes and don't trade, just accumulate, hold, and will eventually sell at set price targets. If you're trading this market that's perfectly fine, but when it comes down to it no one knows where prices will be in the upcoming months or years.

BTC bounced perfectly at the 50 week moving average Not to mention a nice bullish hammer candle formed on the 4H - and the largest green volume we've seen since its collapse from 65k, someone is buying. Bull trap? Or an incredible manipulated shakeout?

I'm in the, BTC won't hit anywhere near 400k this cycle boat, but crypto loves to overextend in both directions due to emotions, and I wouldn't be shocked to see that sort of PT achieved. Crypto markets are extremely volatile. Just because you sold 6 weeks ago, doesn't mean you'll be right in another 6 weeks, although perhaps you will be. The market is RIPE right now for some kind of massive relief rally. Extreme fear, FUD, nearly everyone is bearish at this point, no bounce after the ~40 - ~50 percent price decreases, accelerated sell off... this market doesn't typically do what everyone is expecting it to do. Regardless, this recent price movement is new territory for the most part, we don't know what'll happen in the coming weeks. It's not like we did an ABC correction after the fall.