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FOR INFORMATIONAL PURPOSE ONLY Dear esteemed members of the Anti-Club club, I am hereby informing you, albeit with an awful amount of regret, that the first non-event of the Anti-Club club has just ended - without any result. The total amount of cast votes read as follows: * The aye's to the right (in favour of extending the event for one more day): 0 * The no's to the left (in favour of fetching a pint) : 0 As a result, the event was adjourned by the Speaker (who needed to leave the party early to get a long-awaited enema). Please give us any input as to how to go forward with our beloved Club meetings. Your input is much appreciated! Here's to you, Ahhrrggg!!!
Okay. So I've been reading a lot of non-sense over the past months. (Can't say I've been particularly active in here.) To all: please RELAX. Actually, I'm getting a bit fed-up with all of the "wanna-be's". (Sorry guys & gals if you feel addressed when stipulating that ! ). Yes, if you got into XRP at $0.40 a piece, you're feeling quite f*cked at the moment. I can totally understand that. I've been there so many times in my life when trading ("trust me", the stupid Donald would say). But, please just remember: are you in for the long haul ("hodling") or are you in for the "quick trade" ? In case of the former: you're all good. Disclaimer: I went in many years ago (bèta!) at $ 0.02. I even OVERpaid to Bitstamp at the time. I've seen a negative -/- 80% acccount. Did I freak out? No. of course not! In case of the latter: all you need to do is to freakin'-furry-blame yourself. So stop whining about "when will it go up, please NOW???". Yet, I will serve you quick-traders with some perspective: - Bitstamp prices (the most reliable exchange by far - IMHO) - Log scale chart (look it up, if you do not understand this) - RSI(4) and Stoch(8,3,3) on indicators - Meaning: that is only for FAST traders looking for tops & bottoms to trade - including the standard MACD What it means is this: 1) XRP is on a "falling wedge" 2) there will indeed be a HUGE break-out ahead - but when??? 3) Well, I fl0king do not care, but eventually it WILL get there. and I will spelling it out here: "F-U-N-D-A-M-E-N-T-A-L-S" ! Okay - that is not for short-term traders... I understand... 4) And even "technically" speaking, you can see this on the Log chart 5) Can't it go lower? HELL YES! Onto about $.0125 . Major support. Now : who would give a flock? I can tell you: I do NOT. But if I would be a trader , then: I'd ADD to my position like hell! It's just a sh00tty 25% from here! (If you cannot stand THAT amount of drawdown - you wouldn't be a trader to begin with!) 6) RSI(4) - very fast indeed!!! - is next to oversold 7) Stoch is ABOUT to turn 8) BOTH edging upwards = an nice BUY So in all: eventually, this falling wedge is gonna burst, I'm pretty sure about that. Stop whining about day-to-day price drops (your losses "you cannot stand"? ) . Let's get on with this magical thing called XRP! To thee, Ahhrrgg! EDIT: I missed a dot - bottom should anyway be at $ 0.125 Thanks to @amulecregg