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kyriediculous

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  1. Like
    kyriediculous got a reaction from Global in Analysis: What can be the potential correction target   
    I'm cautious with throwing what caused it. 

    There is never one key thing, as a trader I look for setups. Combinations of both technicals, fundamentals and market psychology.

    For the case of ripple you can say the following:
    - Markets price in before facts (buy the rumour sell the news) , in this case it was the XRP lockup. Add to that that supply decrease compared to asset growth ratio was way too high above a certain point.
    - The leg up above 15 000 satoshi was on very little new money coming in and lots of margin longs.It's the phase where market psychology wise greed kicks in.
    - Ripple is scaling up in sales with an increase of 115% in sales hirings , other departments up 10-15%.  They got a new office, attend conferences etc. It's no secret that Ripple sells small amounts of their XRP to pay for growth of the company. They would want to do that before they implement the lockup of course.
    - Kraken added 5x margin on XRP/FIAT pairs which adds to the greed but also to the despair afterwards.
    - Technical analysis of the price, volume, momentum, market maker levels and the way economic markets move in cycles

    Sell when euphoria hits and buy when there's blood in the streets, this is not a team game. Can't have morals when trading because the big players won't have any either, you can't play the game of soccer on one leg.

     
  2. Like
    kyriediculous got a reaction from TplusZero in Analysis: What can be the potential correction target   
    Hi 

    I've made a little analysis on what might be the ripple bottom. Merely my own opinion and not investment advice. 
    I also occasionally post an idea on tradingview under kyriediculous.

    https://steemit.com/trading/@tradingbuddy/ripple-what-will-be-the-bottom-for-xrp

    Happy to answer questions or discuss price technicals & fundamentals.

    Let it ripple ! 
  3. Like
    kyriediculous got a reaction from JackTheRippler in Analysis: What can be the potential correction target   
    Hi 

    I've made a little analysis on what might be the ripple bottom. Merely my own opinion and not investment advice. 
    I also occasionally post an idea on tradingview under kyriediculous.

    https://steemit.com/trading/@tradingbuddy/ripple-what-will-be-the-bottom-for-xrp

    Happy to answer questions or discuss price technicals & fundamentals.

    Let it ripple ! 
  4. Like
    kyriediculous got a reaction from Parabellum in Analysis: What can be the potential correction target   
    Hi 

    I've made a little analysis on what might be the ripple bottom. Merely my own opinion and not investment advice. 
    I also occasionally post an idea on tradingview under kyriediculous.

    https://steemit.com/trading/@tradingbuddy/ripple-what-will-be-the-bottom-for-xrp

    Happy to answer questions or discuss price technicals & fundamentals.

    Let it ripple ! 
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