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https://www.newsbtc.com/2020/09/10/underdog-story-why-xrp-could-soon-outperform-bitcoin-and-ethereum/ This piece by Tony Spilotro is exclusively about the TA take on the last few years. I've always been skeptical that TA can be that accurate in "thinly traded markets," such as precious metals and crypto currencies. I continue to believe in the soundness of the XRPL implementation, and the strategic efforts of Ripple and other stakeholders in pursing foundation building over hype (unlike, say Justin Sun). We here know the reasons we believe in this DA's future But it is -
Seeing there are a number of people in here interested in how to use charts to their benefit, I figure I'd make a Topic on charts specifically for XRP.. First rule: Charts do not decide the price of XRP. Don't think that by drawing an arrow pointing upward, that the price is going to follow your opinion. That's my first complaint with TA. Sites such as Tradingview.com has hundreds of users plotting fancy charts like the one below in which the users constantly 'conclude' that the price is going to go up (blue arrows). This is NOT the purpose of technical analysis. TA's main purpose is to
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For those of you interested in TA, I have always found the Ichimoku cloud to work very well for cryptos. If we can break through the cloud convincingly, I would be inclined to say the bear cycle is over and we enter into an equilibrium / consolidation pattern for a few months, or just go full bulltard mode. Here is what I am looking at on the daily time frame. Zoomed in:
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Hello, I really want to start understanding graphs, candles, volumes etc. I'm looking at www.tradingview.com, but I'm having trouble understanding what I'm seeing. Could anyone please point me to a good newbie video on youtube, describing TA? I'd search for it myself, but if anyone here has come across a really nice beginner explanation (video) of TA, I'd appreciate it if you shared! Thank you!
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So far on this board there's been threads covering deep state research, Chaos theory, in depth trend analysis and quantum physics with a resulting math(s) fight. All incredibly valuable and insightful. So why not add the metaphysical (I am a prosperity Mandala after all). The Dream: Last night was a deep meditation night, primarily meditating on future opportunities and paths. In the early morning hours some very vivid and lucid dreams started up, the first involved standing upon a mountain, those at the very top came crashing down. The vehicles they were traveling in were now a litt
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TA, price movement and HODL philosophy
automatic posted a topic in XRP Trading and Price Speculation
Just wanted to share some philosophy on price movements for those new to crypto, investing or TA, and who may be spooked by the recent drop. This will be a somewhat lengthy read, but hopefully one that is worth your time. It seems that many are expecting the price appreciation to be linear or exponential, however this is never the case. Price movement is always fractal in nature, meaning that it resembles a wave pattern. For those with coding experience, another way to state this is that price movement is a result of a recursive equation that operates on the output of its previous exec- 22 replies
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I've been looking for a few different alts and one that looks to be under bought is Salt. There's an absolutely huge buy wall at approx 39k satoshis, and each time it's previously hit this level it has essentially bounced and added 35% onto its value. Could be worth a look?... (not financial advice blah blah )
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Euro-fork point of view: https://www.tradingview.com/x/9yXx6EDq/
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Ripple, XRP Update : Ripple and Bitcoin started the week on a strong bullish sentiment while NEO lost ground and Ethereum continued its consolidation. https://investdiva.com/invest-guide?slug=xrp-continues-strong-bullish-sentiment-ahead-ripple-conference -
Just saying. I think we'll se a major fast and sharp sell off with re-bounce. Could spike as low as 0.10. For the adventurous, put some limits ahead (beware of low liquidity, not too much $ at one price). Timeframe 2-8 days from now. Let's see if I'm right. Just my 2 cents, no advice.
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Those that know me are aware that I look for entries on breakouts of ranges, former highs and lows etc and have a tendency so spot very fast scalping moves calling some of them on the Zerpbox. So we have been in a range since the high @ 42c and the swing low of that high at 12c featured below, the low generated a good support level at around the 21/22c area and the high a good resistance area at around 31/32c which day traders might look to make entries on. We needed to break up of 32c a couple of weeks ago some of you might remember people talking about that level as being key. Whats hap
