xrp wtf

[rgthoms]

This trading aint right, watched this a lot lately, why is it happening a lot that there is people buying against the trend right at the same time and holding the price, this takes a lot of money to do and looks like manipulation to me

[Danny]

2 hours ago, rgthoms said:

This trading aint right, watched this a lot lately, why is it happening a lot that there is people buying against the trend right at the same time and holding the price, this takes a lot of money to do and looks like manipulation to me

There are so many factors. If the trend is going down, you'd want to buy back in cheap, which to some may sound like buying against the trend. Do you happen to have an example with a screenshot of the chart?

@rgthoms have you talked to any other experienced traders and TA analysts? The ones I've been following have given me extremely accurate signals and predictions (like https://twitter.com/PrecisionTrade3/status/1396580613575122952).

 

Edited May 26, 2021 by Danny

[RobertHarpool]

Furthermore, the intentionality behind a "trend" is more complex than most markets. Are people selling because they're scared? ... or, are they simply locking in advantageous tax positioning with a wash sale? I've found myself doing such 'bullish sales' numerous times. 

[rgthoms]

If you look at the chart right now its not good, i been trading a lot of years and im pretty good with them but what i am seelng is a 5 wave retrace down and right on the 4 wave coming up to touch the first wave with expectations of it going down there it is hit with lots of money and they try drive it up from there against the trend, at the moment it goes to very last wave to touch bottom and suddenly they going up to touch the 1st wave from there, its not right

[rgthoms]

Just my thoughts anyways, i also see instead of 4th wave to 1st they want to do 618 which goes past the one, now when i was learned this the 4 wave should not pass the 1 but now we have it going back like a 5 wave if im making sense lol

[youngdude]

What am I reading in this thread...

[rgthoms]

Just a rant on how this market is moving, just some weird moves on the charts, youngdude

[BarnBuilder]

4 minutes ago, rgthoms said:

If you look at the chart right now its not good, i been trading a lot of years and im pretty good with them but what i am seelng is a 5 wave retrace down and right on the 4 wave coming up to touch the first wave with expectations of it going down there it is hit with lots of money and they try drive it up from there against the trend, at the moment it goes to very last wave to touch bottom and suddenly they going up to touch the 1st wave from there, its not right

This is the short interest reported by the BitFinex exchange and its at an all time high.  There's reason to be concerned...No thanks to the SEC.

[RobertHarpool]

Under control now ... 

[mrhat75]

3 hours ago, Danny said:

There are so many factors. If the trend is going down, you'd want to buy back in cheap, which to some may sound like buying against the trend. Do you happen to have an example with a screenshot of the chart?

@rgthoms have you talked to any other experienced traders and TA analysts? The ones I've been following have given me extremely accurate signals and predictions (like https://twitter.com/PrecisionTrade3/status/1396580613575122952).

 

Like when she basically said $2.20 was right around the corner when we were at $1.60 a couple weeks ago?

Modern day snake oil salesmen

[Danny]

9 hours ago, mrhat75 said:

Like when she basically said $2.20 was right around the corner when we were at $1.60 a couple weeks ago?

Modern day snake oil salesmen

I don't recall her saying $2.20 was around the corner, but you're right, she did mention future prices that haven't been reached yet. However, the specific signals she gave for retracements were very, very accurate. 

[wolves]

xrp moves on this court case. other than that the moves that xrp makes are not really anything to get super excited about in reality. the price for the market itself is and has been priced in. it went from .24 cents up to about 1.90 and back down. there will be no real movement past 2$ until this case is done and ripple settles or some sort of good news from the court case is reality. if youre looking for the 10$+ xrp it won't happen until this case is over. i hate to sound like a broken record but I'm over seeing all the TA on something that clearly is now in its own market dictated by the court case and not TA.  again we will not see the explosive price move until this storm is behind us. no amount of head and shoulders patterns and bull pennant flags is going to change that.