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Charting the course of XRP


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Posted (edited)
45 minutes ago, TeeKay said:

Price didn't move much.. was hoping price to move much higher with liquidation of the shorts...

It more looks like somone created huge shorts, covered fees and removed even or some small gain. Anyway it just Bitfinex. 

 

P.S. I have no idea how to read this chart.

Edited by xrp-nuke
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4 hours ago, xrp-nuke said:

 

I would say that XRP defended 0.9 while BTC was dropping (XRPBTC pump) and pushed higher when BTC started pump (continued XRPBTC growth, instead of dump)

So we got my very beloved scenario at 5AM, XRPBTC and BTCUSD tandem growth.

 

Here is the XRPBTC chart of the last day and a half of trading... 

From 2400 stats to over 2800.
Seems fairly independent of BTC's price action, along with others like BNB and ETH which all moved in tandem with BTC - unlike XRP... 

1761913693_ScreenShot2021-05-31at11_04_39AM.png.77539b395c2b2d741a1c726cabb3217d.png

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7 minutes ago, JASCoder said:

Here is the XRPBTC chart of the last day and a half of trading... 

From 2400 stats to over 2800.
Seems fairly independent of BTC's price action, along with others like BNB and ETH which all moved in tandem with BTC - unlike XRP... 

1761913693_ScreenShot2021-05-31at11_04_39AM.png.77539b395c2b2d741a1c726cabb3217d.png

For me independent is when BTCUSD down and XRPBTC up, the way that XRPUSD up too.

 

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1 hour ago, xrp-nuke said:

This chart I find useless as it seems to be either buggy or I do not know how to read it.

Quantity of XRP borrowed by short seller on Bitfinex over time.

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I know I’ve been in this for about 38 seconds compared to some of y’all... but with all these short positions disappearing, and a sudden bump in price, it sure seems to me that some sort of news has leaked somewhere. Will be interested to see if there is settlement news soon. 
 

btw, I appreciate everyone’s insight that you provide. There seem to be some peeps that really know their stuff. And some that, well, I’m sure you mean well. Ha!

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Just for transparency’s sake, I wanna mention that I sold some in this pump. Only around 10%, but I gotta say, it eased my stress and it also felt good to take some profit, even if it wasn’t a moonshot. Don’t forget to keep your greed in check and have SOME profit along the way! Now this should take the edge off of holding the rest of my bags through this volatility. 
 

THIS IS NOT FINANCIAL ADVICE AND NONE OF WHAT I SAY IN THIS FORUM CONSTITUTES AS FINANCIAL ADVICE! BE WARNED!

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3 hours ago, Shmoe said:

short positions disappearing, and a sudden bump in price,

The shorts on the chart are explicit, i.e. declared intent. Market orders are "spontaneous". The shorts might have disappeared because they were pulled, or because they were "consumed" by market orders, or a mix of both. Price bump might have cleared the shorts or the pulled shorts might have paved the way to the price pump, based on "normal" buying pressure.

 

3 hours ago, Shmoe said:

leaked

It's one possible explanation.

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More good news. I’m bullish. Can’t wait to see what happens on Friday. I know the motion to dismiss might be a stretch and it wouldn’t solve the whole clarity issue, but I’m sure that will be resolved one way or another, likely through congress. I think this case might settle a lot sooner than we originally anticipated. 

4E6E5251-9691-48B2-AA26-B916748F16FD.png

13729EA1-914D-4A70-BE96-3446F4345636.png

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