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Crypto_Knight

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Everything posted by Crypto_Knight

  1. Yep, they closed above 6450. Looks like we may have just broken a key resistance as bulls sustained their channel. Opened long position. Target 6700 to attack 6900. A break would see a green ***** to 7400. Most shorts are pooping their pants; it's higher than the last pump to 10k.
  2. If BT There's potential for a bounce to 6450 - 6500 (although highly unlikely. A close below in 2 hours will see us entering the depths of hell.
  3. As you can see, it wasn't a slight correction, it is a complete erasure of gains. People were closing short positions/getting liquidated as the pump took off due to a failed bullish attempt to hit 7k. For now, the H&S remains play. Look at the daily chart.
  4. There is a nasty head and shoulders forming with a 5500 target, which would give you an indication how low XRP can be expected to go, and further affirmation to hold off on buying as I suggested previously. I would suggest taking some profit now, today was a bearish retest of supports, tomorrow you can expect most of these gains to disappear. I'll post a chart tomorrow to show you what I mean.
  5. My apologies, I left a previous thread unanswered/unattended. Have not had the time to write my replies. However, I did want to warn you guys to sell a chunk now.
  6. I didn't think they'd be ballsy enough to dip into the resistance created by the previous wicks, but they did. Rest assure, folks: this IS the bottom you're looking at. I expect an insanely quick recovery to the $0.33 level, followed by continued growth. Don't sleep around waiting for $0.25.
  7. Also of interest: that nasty resistance is also set up to cross. It seems all the dominoes are in place if we consider the highly oversold conditions on the RSI, as pointed out by others.
  8. It seems we've finally reached the bottom of a previously established bullish channel. I don't see this support line breaking, unless chaos is the goal. I also see it as a perfect target for the bearish channel we've been seeing. Only a fool would short at this point, and we know whales are deadly, but no fools. I expect the final preparations in the next 2-3 weeks before the much anticipated bull run. Correspondingly, bitcoin's weekly MACD is due to flip from red to green in approximately the same time. I can almost see why that whale in OKEX was recently rekt as I can see how he would imagine this would be occurring sooner (particularly as we closed the week prior above the 200 weekly EMA). Typically, when a price closes above a particular EMA, it serves as support until the lines for the shorter periods play catch up -- when they cross, a continued rise/fall is seen; consequently, can also be used as "fakeouts" to set up bear/bull traps. If BTC can sustain (which seems to be doing) a higher low from the previous decline, I believe it will serve as validation for the next bull run. Fingers crossed.
  9. He makes a really good point, it definitely seems like the SEC will wait for court decisions, instead of having their decision influence the ongoing suits. However, if that's the case, I really can't see the big "run" happening any time soon. Market makers have too much to risk, I expect a few pumps here and then, but overall stagnation, much as we've been seeing lately. Big players will keep their eye on the ball, but for the foreseeable future will move on to trendier assets.
  10. Won't even reach $10, lol. The life cycle of a whale: pump unreasonably high, short, repeat. When there's massive profit in betting against it, there's no need to pump it too high. Don't worry, you'll see your all time highs, and then some. You have to keep giving people hope to keep the game going. That's how you trap newcomers at the top. When the price starts dropping, they'll believe they're buying the dip, but it never quite reaches their profit target after it slightly recovers. After all, they just saw it reach a new peak, it's only a matter of time until it reaches a new one? THAT'S when they'll sell. And the price keeps dropping, and they keep buying instead of selling. Finally, a new pump. A new all-time-high. But it's not quite the billion dollars they were expecting, and told they would achieve. After all, it's only reasonable to expect 10,000% profit. "Keep holding", they're told. "Don't sell". Meanwhile, whales, day traders, and swing traders have been making profit every wave, while "investors" are left holding the bag. I mean, someone has to sustain the system.
  11. A classic example of confirmation bias. Are you ignoring Tron was up 10% 3 days ago while xrp remained in the red? Look at the charts, fool. The 6 hour ema was recently cross, and macd was flipping on every btc/usd/xrp chart, it has nothing to do with your imaginary reasons. Are you going to make a post tomorrow when xrp drops while all others are in the green??? I'll make sure to post a screenshot for you.
  12. It's taxes on PROFIT. Even if you're paying at a 99% rate you're still making PROFIT. Making an additional 20% in crypto is literally one good trade to offside the tax difference, and that's assuming the investment will actually have the same return as day trading. In day trading you can limit your exposure to this market and not become a bag holder, especially as the ship sinks more than 20%. Your investment will actually become a tax write-off when you're in the red, but good thing you're paying 0% on a loss? "Hodling" is a suckers game. Do your homework, learn how to trade, because any time you're holding these useless coins you're holding a ticking time bomb. Stop exposing yourself to this market. It's musical chairs, man. Don't get left without one.
  13. Exactly the mindset which prevented me from investing or even trading. Luckily, I've been disciplined enough to stick to day trading, even if I actually see greater potential for a coin. However, I have to disagree with your second sentiment as that price point seems highly improbable unless you discard any and all fundamentals of trading.
  14. Personally, it was on CNBC after the 20k Bitcoin frenzy. I recall seeing a $1 something price point, thinking how low it seemed, with heavy FOMO each time correspondents would appear again with a higher price to announce. That would stop after i researched its circulation and market cap, and realized how overpriced it actually seemed, and stood in the sidelines until it made its 70 cent dip. Mainnstream media was pumping it hard, though, there were literally correspondents on the air, with step by step instructions, declaring how easy the buying process was. Considering these events, and looking at the charts today, it makes me wonder if in fact the entire blowup and ATH was in fact just a FOMO bubble, particularly as its circulation would have amateurs believe it was the equivalent of buying a 1$ Bitcoin in its infancy. Are you prepared to accept its ATH was a bubble whose peak will never be reached again, as it may have never been an accurate valuation of it's utility?
  15. You realize jumping ship a long time ago would have helped you realize significant gains that would've increased your xrp stash. Personally, I'm riding the Tron train for a second time after getting stopped out of xrp. Regardless of utility, you have to go with the best marketed coins and pull out profit along the way. Both xrp and TRX have had similar percentile gains/ losses, but the latter has a stronger pump factor, and no risk/stress in getting labeled a security. Compare Satoshi equivalent today to a few days from now on between, and be convinced of the power in picking a winner.
  16. It's the entire alternate crypto market. With an anticipatory BTC rise, there's a temporary shift to Bitcoin. As it begins consolidating, then money is poured back into alternates. It didn't help they were already in a Bitcoin ratio downtrend. That downtrend hit the bottom last night, and within a few hours you'll see the entire (insert alternate coin here) community get excited as this is surely when we "moon", as you'll see some heavy percentage recovery. This is particularly true for xrp as we're about to cross the 4 hour ema. You can judge the bullishness of each coin depending how much they're willing to drop the price as the top alternates move in conjunction. Without trying to troll, it seems XLM was incredibly stable so I'm expecting it'll make some bigger moves compared to others.
  17. Ouch, so touchy. I would be too losing all that bitcoin value. You're assuming I'm *not* in XRP or that I'm counting on its drop. Regardless, I just hope you have a stop loss when that SEC decision is made.
  18. Like prophecies or cold reading, it's always easy to transcribe meaning from a broad statement to a particular event in an effort to self-validate. So I'm calling it before anyone else does: the "589" referred to the XRP/BTC "bottom" before moon, ??
  19. ETF decision is making everyone transition from ALT -> BTC. Like I've been saying for months, the goal of alt coins is to increase BTC count, as it is obviously the determinant of price. This could be an exit scam of epic proportions: Step 1) pump useless ALT coins, 2) make everyone exchange BTC for ALTs, 3) Accumulate BTC, 4) Moon BTC The only other scenario I see unfolding is 1) Suppress BTC; accumulate BTC, 2) Suppress ALT:BTC ratio, use higher BTC power to accumulate ALTs, 3) Moon ALTs (not just XRP). Let's hope it's the latter.
  20. I don't know about you, but if it even approaches this level, I'm selling my bags at $5.88
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