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Charting the course of XRP


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I was participating undercover :).  The trolls became too overwhelming while XRP was in the dumps, I figure its safe to come out again.

There are actually several lawyers in the crypto space who have analysed the case extremely closely explaining how the case will likely play out. Given that these lawyers are either BTC or ETH maxis a

These threads are being derailed by childish banter, could you please keep things on topic and move your chit chat elsewhere. The forum is becoming less interesting for many of us.

Posted (edited)
8 minutes ago, Seoulite said:

Oh man. So we just witnessed two simultaneous retail traps. First, we had this: a classic head and shoulders. Retailers think this is a local top, and xrp must be going down here. So they go short. All in. First short works out great. Then they go short a second time and it goes beautiful. They are sitting on fat profits, and looking forward to the break of the low at 80 cents.

7jqkIdNh

Then the market makers sweeten the deal. Look at that beautiful diagonal pattern on the right. A perfect line down. Almost like someone is drawing it on the chart. Every time it goes there is rejects. This is confirmation! The head and shoulders made a local top, a reversal, and now the trend line is confirming resistance. Short 100x leverage! When it gets to 20 cents take profits and retire!

It was too good to be true. Just as in nature, when you see a straight line on the chart, it ain't natural. Nature doesn't make straight lines. Neither does the chart. 

qBzRWFrL

And that short money was nice fuel for the rocket. 

Remembered yesterday there is a twitter post about a top of $1.39 and down to $1.18?

I suspect that is a lure for today's trap.

Edited by jockeyng
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32 minutes ago, jockeyng said:

Remembered yesterday there is a twitter post about a top of $1.39 and down to $1.18?

I suspect that is a lure for today's trap.

Random Twitter feeds...such a reliable source of information.

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Decent daily candle closes. XRPUSD close was very nice, basically no wick. At the very least I would hope we will break this local top today, around 1.66. Testing $2 should happen in the next few days.

ddc2nNzY

XRPBTC looks good. As I said a few days ago, it makes no sense for us to stop here. Fully expecting us to break these tops in the next day or two.

PhkQmxgX

XRPETH looks OK too. We might expect a little move up here but beyond that it's difficult to know. Would be surprised to see us lose more ground, falling below 40k. Not expecting that.

WoHuEb5Y

Elsewhere BTC has recovered well, they should test 60k very soon. Think they are out of the danger zone for now.

ETH looking a little fragile. Wouldn't be surprised to see a return to 3k pretty soon, which will probably signal the start of a bigger correction. On the weekly that chart has no support all the way down to 2k.

DOGE looks like it is about to fall some. First targets around 50 cents, second targets around 44 cents. Let's see what happens.

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7 minutes ago, Seoulite said:

Decent daily candle closes. XRPUSD close was very nice, basically no wick. At the very least I would hope we will break this local top today, around 1.66. Testing $2 should happen in the next few days.

ddc2nNzY

XRPBTC looks good. As I said a few days ago, it makes no sense for us to stop here. Fully expecting us to break these tops in the next day or two.

PhkQmxgX

XRPETH looks OK too. We might expect a little move up here but beyond that it's difficult to know. Would be surprised to see us lose more ground, falling below 40k. Not expecting that.

WoHuEb5Y

Elsewhere BTC has recovered well, they should test 60k very soon. Think they are out of the danger zone for now.

ETH looking a little fragile. Wouldn't be surprised to see a return to 3k pretty soon, which will probably signal the start of a bigger correction. On the weekly that chart has no support all the way down to 2k.

DOGE looks like it is about to fall some. First targets around 50 cents, second targets around 44 cents. Let's see what happens.

We’re on the move!!!!!

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9 minutes ago, Seoulite said:

Elsewhere BTC has recovered well, they should test 60k very soon. Think they are out of the danger zone for now.

 

I dont agree that BTC is out of the woods.  It has not broken the .618 fib.  This will be the 3rd attempt.  I hope it does because, too me, this will signal the possibility of a mid alt season...best case scenario.  Its potentially a critical moment.

image.thumb.png.5c945c447c78ed76d76bf934c097685d.png

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1 minute ago, BarnBuilder said:

I dont agree that BTC is out of the woods.  It has not broken the .618 fib.  This will be the 3rd attempt.  I hope it does because, too me, this will signal the possibility of a mid alt season...best case scenario.  Its potentially a critical moment.

image.thumb.png.5c945c447c78ed76d76bf934c097685d.png

You might be right. I agree that area is key and they need to break through it hard.

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