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nicktemple

This guy so far is spot on, must watch.

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Now I follow Jason Graystone on YouTube, he is not a crypto trader but a forex one.

He makes his money trading forex stocks, purely on TA, and he is very successful doing so.

He put this video out in October as a lot of people where asking his view on BTC, which really reflects on xrp and the rest of the market.

Check it out, his prediction purely on TA is spot on so far. 

Remember this was made before the recent down trend we are seeing now.

 

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17 minutes ago, Fuyaa said:

How is that "spot on" ? A lot of random youtubers said 4k! Do you just want to believe him because he said 28k? Hmmm

Learn to read. He said spot on so far

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13 minutes ago, GrumpyDon said:

Learn to read. He said spot on so far

Which is what OP uses to rationalize his belief in what direction the market is going in. Any reasonable person knows that BTC isn't going up because it has no value. Those buying drugs (think of Silk Road), child **** (notes left on the ledger and reported on by various crypto blogs) or involved in money laundering have moved to using XMR or other privacy coins. Now BTC is held by the late market entrants bagholders and the even smaller market that still holds onto the belief that BTC will be used as a currency.

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People are so quick to ignore the content of a video like this and shoot it down. The video is based on a guy who doesn't trade in crypto but thought he'd apply technical analysis to the charts and give his unbiased opinion of what his forecast would be based on that. He isn't hyping or trash talking or lying about anything - just a nice video showing what he would suspect as a technical trader.

And guess what...so far he's been right, we've seen a sell off and price move lower breaking out of the wedge. Did he just get lucky? Who knows and I imagine he'd readily admit that too. Next test is whether we have a surge upwards after this sell off. 

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34 minutes ago, TheXRPer said:

Which is what OP uses to rationalize his belief in what direction the market is going in. Any reasonable person knows that BTC isn't going up because it has no value. Those buying drugs (think of Silk Road), child **** (notes left on the ledger and reported on by various crypto blogs) or involved in money laundering have moved to using XMR or other privacy coins. Now BTC is held by the late market entrants bagholders and the even smaller market that still holds onto the belief that BTC will be used as a currency.

As long as the big guys can use BTC (or any other crypto/tool) to make a lot of money, they will use it... And guess what, they still can, despite the lacking fundamentals.

Once prices start going up you'll see the market has a real short memory. When XRP started going up last september it took a day before the entire forum was in euphoria that the bullrun was close... price went down, forum got depressed again.

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