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Molten

Charting the course of XRP

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6 minutes ago, Plikk said:

Let’s hope for a move upwards. The market seems Very undecisive at this point. 

Agree.  The suspense is irritating.  I agree with @Eric123, something is about to happen.  I think we would have already seen a big move if this wasn't a weekend.  Perhaps this will stretch out to Monday. 

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Just now, Molten said:

Agree.  The suspense is irritating.  I agree with @Eric123, something is about to happen.  I think we would have already seen a big move if this wasn't a weekend.  Perhaps this will stretch out to Monday. 

Yes, i do not think it is a coincidence that Bakkt opens up. We either get a sell the news kind of reaction or a nice bullish impulse. I honestly have no idea what to expect, but BTC will be a very important indicator Monday. 

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1 minute ago, Plikk said:

Yes, i do not think it is a coincidence that Bakkt opens up. We either get a sell the news kind of reaction or a nice bullish impulse. I honestly have no idea what to expect, but BTC will be a very important indicator Monday. 

I don't think Bakkt will make a material impact on Monday, as the demand for futures just isn't that high right now in comparison to trading volume.  So it will be purely a speculative reaction, if any at all, and I kind of expect that whatever that is has already been priced in.  So I'm kind of the mind that nothing in particular will happen to BTC as it relates to Bakkt, but who knows?

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Hace 30 minutos, Molten dijo:

No creo que Bakkt tenga un impacto material el lunes, ya que la demanda de futuros no es tan alta en este momento en comparación con el volumen de operaciones. Por lo tanto, será una reacción puramente especulativa, si es que hay alguna vez, y espero que lo que sea que haya sido incluido en el precio. Por lo tanto, creo que nada en particular le sucederá a BTC en lo que respeta a Bakkt, ¿pero quién sabe?

Hola Molten, antes que nada, ¡gracias por la excelente información y los gráficos que son increíbles! por otro lado ... Tengo una pregunta ........ en mayo de 2017 cuando xrp it shot, btc ¿qué estaba haciendo? estaba atrapado? ¿subiendo? ¿de corrección? un fuerte abrazo. saludos y hodl

Edited by Cesar1810
orthography

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13 minutes ago, Cesar1810 said:

Hola Molten, antes que nada, ¡gracias por la excelente información y los gráficos que son increíbles! por otro lado ... Tengo una pregunta ........ en mayo de 2017 cuando xrp it shot, btc ¿qué estaba haciendo? estaba atrapado? ¿subiendo? ¿de corrección? un fuerte abrazo. saludos y hodl

Had to run that one through Google translate but it sounds like the question was what BTC was doing in May when XRP had a little pump?  It was steadily climbing as well, having woken up in April or so.

mH1WDVh8

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Speaking of BTC, the waiting game continues.  Still in the big triangle, MACD just crossed bearish on the daily a few days ago.  Weekly looks even worse.  This triangle has its apex in early October, so we should have a break out in the next few weeks.  Fundamentals can always override technicals (like if Bakkt induces some type of speculative mania - which I highly doubt) but otherwise it looks like BTC is set for a fall.

q3xA7yuF

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17 minutes ago, Molten said:

Tuve que ejecutarlo a través del traductor de Google, pero parece que la pregunta era ¿qué estaba haciendo BTC en mayo cuando XRP tenía una pequeña bomba? También estaba subiendo constantemente, habiéndose despertado en abril más o menos.

mH1WDVh8

wow .... what a similarity to the current btc chart. Awesome. thank you

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16 minutes ago, Molten said:

Hablando de BTC, el juego de espera continúa. Todavía en el gran triángulo, MACD acaba de cruzar bajista en el día hace unos días. Semanalmente se ve aún peor. Este triángulo tiene su ápice a principios de octubre, por lo que deberíamos tener una ruptura en las próximas semanas. Los fundamentos siempre pueden anular los aspectos técnicos (como si Bakkt induce algún tipo de manía especulativa, lo cual dudo mucho), pero de lo contrario parece que BTC está listo para una caída.

q3xA7yuF

I wonder why are you so sure it will go down and not go up with all the alts? I appreciate your answers and knowledge.

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1 minute ago, Cesar1810 said:

I wonder why are you so sure it will go down and not go up with all the alts? I appreciate your answers and knowledge.

There is the potential that they both go up but alts go faster than BTC.  This would be ideal, however, the MACD and RSI tell a different story.  I hope it works out the fun way, but it seems unlikely.  I don't own any BTC currently, but I am still cheering for it.

pNDG3L2P

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1 hour ago, Pixelboy said:

Thanks @Molten and @dr_ed for all your insights in the current market state which is really useful to someone like me who does not know anything about TA.

Please keep in mind that TA is not financial advice.  Entertainment purposes only :)

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