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Charting the course of XRP


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2 minutes ago, Seoulite said:

No, expected. I mean at some point there will be a correction, so be prepared for that, but not yet. Seems like we've got a way to go. With the XRPSHORTS chart, just go to the Daily, spikes like this has been happening all along. Nothing out of the ordinary.

https://www.tradingview.com/symbols/XRPUSDSHORTS/

These are dramatically different though, are they not?

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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.

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.

I really don’t understand why the forum has been getting so heated lately when we are doing SO WELL after YEARS of being in the gutter. You’d think everybody would be saying hello, good morning, how a

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6 minutes ago, Seoulite said:

This is what I'm seeing, this is the weekly, this spike is well within the range of other moves isn't it? Are you seeing something different?

20EEs9Mw

Historically, it looks like for a majority of those spikes they were followed by pretty big sell offs?

 

That's what caused btc to crash in 2018. IMO. I think it might be worth while to pay attention to see how high they go right? 

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2 minutes ago, HPNASTPN2BRKNNS said:

Historically, it looks like for a majority of those spikes they were followed by pretty big sell offs?

 

That's what caused btc to crash in 2018. IMO. I think it might be worth while to pay attention to see how high they go right? 

Honestly I think the shorts will be reactions to how the main charts perform. I would just focus on the dollar price or btc price, whichever you are used to following.

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1 minute ago, HPNASTPN2BRKNNS said:

Historically, it looks like for a majority of those spikes they were followed by pretty big sell offs?

 

That's what caused btc to crash in 2018. IMO. I think it might be worth while to pay attention to see how high they go right? 

A short is buying pressure when the price is going up: when they stop loss/get liquidated, the order becomes a buy at market price. So no, not really a good indicator. It's adding fuel to the pump.

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Morning all, what a lovely sea of green to wake up to in the UK. 
guess now it’s a guessing game of when to take profits. I suppose most are waiting until at least 13:30 GMT time to see where this goes but am I right in thinking most of us are expecting a sharp retracement to some level, despite not really knowing what that level is?

what would be start of that retracement, would it be the whales deciding now is enough profit and sell forcing the rest of the market to join them, or do we think this will hopefully hold if it goes higher then before the SEC announcement prices?

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2 minutes ago, B088IN said:

Morning all, what a lovely sea of green to wake up to in the UK. 
guess now it’s a guessing game of when to take profits. I suppose most are waiting until at least 13:30 GMT time to see where this goes but am I right in thinking most of us are expecting a sharp retracement to some level, despite not really knowing what that level is?

what would be start of that retracement, would it be the whales deciding now is enough profit and sell forcing the rest of the market to join them, or do we think this will hopefully hold if it goes higher then before the SEC announcement prices?

We are nowhere near profit taking as far as I am concerned. My price targets are beyond ATH. It will take weeks/months to get there, I am not focused on the short term volatility (although it makes me happy).

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4 minutes ago, B088IN said:

Morning all, what a lovely sea of green to wake up to in the UK. 
guess now it’s a guessing game of when to take profits. I suppose most are waiting until at least 13:30 GMT time to see where this goes but am I right in thinking most of us are expecting a sharp retracement to some level, despite not really knowing what that level is?

what would be start of that retracement, would it be the whales deciding now is enough profit and sell forcing the rest of the market to join them, or do we think this will hopefully hold if it goes higher then before the SEC announcement prices?

This pump may not be related to the pump group, so it d be stupid if everyone sell at the same time while the goal is to buy at that time. I think many people will wait for a pump before taking some profits

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