Charting the course of XRP

[xrp-nuke]

31 minutes ago, Caracappa said:

Ge zijt een klotzak :p

You had years for that. Ok, you one more day today, but from tomorrow it's only up from here.

Weekend usually a no volume dump day 🥺

[Caracappa]

27 minutes ago, xrp-nuke said:

Weekend usually a no volume dump day 🥺

I hope the expiration of futures today have any influence on finally getting an up weekend this time. Trends are there to be broken right 

[xrp-nuke]

21 minutes ago, Caracappa said:

I hope the expiration of futures today have any influence on finally getting an up weekend this time. Trends are there to be broken right 

Yes, usually at this event it does and Friday evening and even Saturday are geeen, but Sunday is being d1ck, hate Sunday.

[xrp-nuke]

On the good news, Biden continues to print USD, so today might be just a correction for what is ahead 😁🤣🤣

[retep]

2 hours ago, xrp-nuke said:

Your post about Hopium were unfair and rude, now gods of Hopium have revenge on you.

It's like i said in my previous post to you, and there's nothing rude or unfair about it. He came under a new name 
and i told him to keep a low profile and behave for a change, but he didn't want to change but make a final drama about his little fight with the mods, so i tried to talk some sense into him and he refused to listen, so end of story, bye bye!
And no one voted on your little poll, so no one want's him back, so let's forget about him and move on. 

[xrp-nuke]

1 hour ago, retep said:

It's like i said in my previous post to you, and there's nothing rude or unfair about it. He came under a new name 
and i told him to keep a low profile and behave for a change, but he didn't want to change but make a final drama about his little fight with the mods, so i tried to talk some sense into him and he refused to listen, so end of story, bye bye!
And no one voted on your little poll, so no one want's him back, so let's forget about him and move on. 

You drop the market.... again

[Seoulite]

Interesting price action. Looks like crypto is starting to wake up again. It helps to consider the psychology of the market at times like this in order to understand how they are manipulating it. 

After the btc crash (and everything else crash) the retailers enter a state of shock. Many have sold. Many are expecting lower prices. Many just holding their breath. The price stops ($31111 on coinbase) and few people are relieved. They think it will fall more. They don't want to buy. It goes up a bit, they feel better but then it comes down again and they are worried. Some more sell out thinking it's going lower. 

It makes little sense for the movers to send it back up immediately. If they did that, the people who were holding on to the last minute might hold on. The longs who are underwater might hold on. Retailers won't jump back in because they've been burned so hard. And also the movers want to buy at these levels, so they are in no hurry to rush back up. So we have days of nothing, days of hanging over the precipice like Wiley Coyote, while most people hold their breath. 

It will go up again. The only question is when. Short term we are seeing XRPBTC and XRPUSD more bullish than BTC. This is a good sign and hopefully it will continue. When markets are moving together, if there is divergence we can take it as a signal. BTC made a new low here. We would expect XRP to do the same, but it didn't. And XRPBTC went in the opposite direction. These are only short term signals on the hourly chart, so not much we can get from them. But we've gotta talk about something. The boredom is part of the strategy to shake people out. Like the policeman keeps the suspect waiting, and waiting, and waiting. The longer he waits the more he thinks. The more he thinks the more he worries. The more he worries the more likely he is to finally crack. 

Edited May 28, 2021 by Seoulite

[NMNR]

I think bitcoin has been trading relatively well. What's really interesting so far is how some of the big coins are holding ground against Bitcoin, generally speaking, for every bitcoin price drop, alts move 1.5x worse (historically). I don't see that right now. I think majority of dumb retail have genuinely left and majority of us smaller players are continuing to hold. I've mentioned it before I wouldn't be surprised to see this sort of bitcoin range for quite a while because since January '21 bitcoin never had to actually garner suitable support at these levels long enough to become genuine support levels.

[jockeyng]

8 minutes ago, Seoulite said:

Interesting price action. Looks like crypto is starting to wake up again. It helps to consider the psychology of the market at times like this in order to understand how they are manipulating it. 

After the btc crash (and everything else crash) the retailers enter a state of shock. Many have sold. Many are expecting lower prices. Many just holding their breath. The price stops ($31111 on coinbase) and few people are relieved. They think it will fall more. They don't want to buy. It goes up a bit, they feel better but then it comes down again and they are worried. Some more sell out thinking it's going lower. 

It makes little sense for the movers to send it back up immediately. If they did that, the people who were holding on to the last minute might hold on. The longs who are underwater might hold on. Retailers won't jump back in because they've been burned so hard. And also the movers want to buy at these levels, so they are in no hurry to rush back up. So we have days of nothing, days of hanging over the precipice like Wiley Coyote, while most people hold their breath. 

It will go up again. The only question is when. Short term we are seeing XRPBTC and XRPUSD more bullish than BTC. This is a good sign and hopefully it will continue. When markets are moving together, if there is divergence we can take it as a signal. BTC made a new low here. We would expect XRP to do the same, but it didn't. And XRPBTC went in the opposite direction. These are only short term signals on the hourly chart, so not much we can get from them. But we've gotta talk about something. The boredom is part of the strategy to shake people out. Like the policeman keeps the suspect waiting, and waiting, and waiting. The longer he waits the more he thinks. The more he thinks the more he worries. The more he worries the more likely he is to finally crack. 

I wake up an hour ago and look at XRP price, first impression is it looks ok. It didn't bounce hard, but it is crawling up slowly. Then I look at BTC, it falls again, but it didn't breaks previous low either. (31k) 

Then I look at the forum, I am surprised that people feels so bad about this. Maybe I don't know TA and so I can't see the dim future, but the whole situation is not worse than the last few days I can feel. (we reach $0.65 a few days ago..) It just didn't improve as fast as we want.

[xrp-nuke]

2 minutes ago, jockeyng said:

I wake up an hour ago and look at XRP price, first impression is it looks ok. It didn't bounce hard, but it is crawling up slowly. Then I look at BTC, it falls again, but it didn't breaks previous low either. (31k) 

Then I look at the forum, I am surprised that people feels so bad about this. Maybe I don't know TA and so I can't see the dim future, but the whole situation is not worse than the last few days I can feel. (we reach $0.65 a few days ago..) It just didn't improve as fast as we want.

4-5 days ago we were at 1.06, 2 or so weeks ago we were at 1.7, yesterday we were at 0.98.

I am glad that you woke up on positive note, but 0.86 or wtv is now is not good too, considering that we entered weekend

[xrp-nuke]

25 minutes ago, Seoulite said:

t will go up again. The only question is when. Short term we are seeing XRPBTC and XRPUSD more bullish than BTC

Based on what? And how long that short term? What price you expect? I  what time frame?

 

You keep this abstract stpry of bull market for 2 weeks alread6 🥺

[Chookstar]

7 minutes ago, jockeyng said:

It just didn't improve as fast as we want.

 

26 minutes ago, Seoulite said:

It will go up again. The only question is when.

I agree. More and more I see making money here as just time in the market, and patience. 

[jockeyng]

1 minute ago, xrp-nuke said:

4-5 days ago we were at 1.06, 2 or so weeks ago we were at 1.7, yesterday we were at 0.98.

I am glad that you woke up on positive note, but 0.86 or wtv is now is not good too, considering that we entered weekend

Yes, I agree that the price is going lower compared to a few weeks ago. But it looks like the % drop becomes smaller and smaller each time (after $0.65 drop). Sorry, not TA, I am just counting the # of times my heart is jumping out these days. 

 

[Seoulite]

50 minutes ago, xrp-nuke said:

You keep this abstract stpry of bull market for 2 weeks alread6

That's because when I say I am bullish I am talking in terms of weeks and months. The weekly chart looks bullish. That's all I need.

[Wolfaolyth]

9 minutes ago, Seoulite said:

That's because when I say I am bullish I am talking in terms of weeks and months. The weekly chart looks bullish. That's all I need.

Can you show us what you see on the weekly ?

The weekly is for me the most frightening : the only thing I see is a giant H&S