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Charting the course of XRP


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6 hours ago, BarnBuilder said:

ignoring the fact they all trade with BTC is a huge mistake

Coins trade with BTC until they don't. If XRP always followed BTC then the XRPBTC chart would be a whole lot flatter than it is. At some point, XRPBTC will do what ETHBTC has done. They had 7 weeks of green candles, a 175% increase move. That is going to happen on our chart as well. I am so confident because of where we are in the range. We are well-below the 50% mark of the range, meaning that people buying here are buying at a discount, and sellers are selling at a premium. The smart money sells at the top, not the bottom. And vice versa. If XRPBTC was at the top, or even near the middle of the range, I would agree with you. But it's not. At some point we go up while BTC goes sideways or down. The only question is when.

2HEZaRNm

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6 hours ago, BarnBuilder said:

when the BTC weekly and monthly technicals said to get out of this market by 58K

If you look back in this thread you will see that I called the end of the BTC bull run when it broke down through 60k. I was called a drama queen for my trouble. I am not a permabull. I am bullish when I think it's bullish and bearish when I think it's bearish. If I think the chart looks bearish I will say so here. At the moment I don't think it is does so I'm not saying that.

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18 minutes ago, Seoulite said:

If you look back in this thread you will see that I called the end of the BTC bull run when it broke down through 60k. I was called a drama queen for my trouble. I am not a permabull. I am bullish when I think it's bullish and bearish when I think it's bearish. If I think the chart looks bearish I will say so here. At the moment I don't think it is does so I'm not saying that.

You are drama queen 😁

As was told to you by many people many times if BTC down, XRPBTC grow is only has two reasons: support USD price or mitigate sharp crash.

You called BTC down and XRP up, so far as was said you many times it goes down with BTC.

So, to sump up: BTC went down, XRP went down, no magic since Apr 2021.

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21 minutes ago, Seoulite said:

If you look back in this thread you will see that I called the end of the BTC bull run when it broke down through 60k. I was called a drama queen for my trouble. I am not a permabull. I am bullish when I think it's bullish and bearish when I think it's bearish. If I think the chart looks bearish I will say so here. At the moment I don't think it is does so I'm not saying that.

I appreciate the different views.  This is going to hit a bottom soon.  I think what we do next is more important.  For me, I have to pick a point to redeploy USDT, and then I have to decide is BTC going on to ATH's or going to rebound 1 last time and drop to new lows.  We need to see USDT storages drop.

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24 minutes ago, Seoulite said:

If you look back in this thread you will see that I called the end of the BTC bull run when it broke down through 60k. I was called a drama queen for my trouble. I am not a permabull. I am bullish when I think it's bullish and bearish when I think it's bearish. If I think the chart looks bearish I will say so here. At the moment I don't think it is does so I'm not saying that.

Also 2k sats can be a bottom for XRP support price if BTC drops to 10k and XRP to 0.2k.

So yeah that range a bit useless imho.

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14 minutes ago, xrp-nuke said:

Also 2k sats can be a bottom for XRP support price if BTC drops to 10k and XRP to 0.2k.

So yeah that range a bit useless imho.

It's a chart that people buy and sell on. It's not an indicator. It's literally just a price. 

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Patience everyone 🙂 

In other news, Celsius stablecoin APY is down to 8.8% from about 10.5% a couple of months ago. Makes sense that people sold off and are parking their funds in stablecoins. Let’s see how much the yield needs to fall before demand starts going back up. 

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1 hour ago, xrp-nuke said:

Would assume accumulation of stablecoins drops and coins wallet accumulation increase.

Gotcha, that’s along the lines of what I was thinking. Meaning people bought back in if the stablecoin reserves were lowered. 

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58 minutes ago, Ripley said:

Patience everyone 🙂 

In other news, Celsius stablecoin APY is down to 8.8% from about 10.5% a couple of months ago. Makes sense that people sold off and are parking their funds in stablecoins. Let’s see how much the yield needs to fall before demand starts going back up. 

Its a standard rate across all interest account providers, though with nexo you can increase up to 10, but for that you have to have 10% from value in NEXO tokens. Or 12% if you agree to receive interest in NEXO, pretty much working thing.

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7 minutes ago, Neurotoxin said:

Is it just me looking at the prices at the right time or is this thing heating up to make a move?

Well... It's like 6am Monday (workday) in Tokyo. 
Time to read the news over tea, and reach for the trigger ?
Maybe we'll see some action in a few hours lol

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