Hey traders, today we're taking a step back from hourly candles and we're looking at the 3 day time-frame on XRP/BTC.
In May 2017 we saw a 900% increase in 21 days In December 2017 we saw a 1440% increase in 23 days
Now if you look at the chart we've been accumulating for just about 2 years. We look ready to pop off with an altcoin season in december-jan.
Right now we bounced off the white monthly support and regained the long-term uptrend that holds this entire piece together. We physically cannot go any lower, sounds delusional and ignorant, but if you really look at the bigger time-frame it all makes sense.
In December-Jan 2019 we should see a 500% increase in 23 days.
As always please do your own research, I am not a financial advisor.
Imo, XRP is going to break some more hearts. Please remember that the entire cryptosphere is 100% speculation. In the case of XRP, people have been accumulating it for years before any major action occurred and have the stacks to drive the price lower. It will not pump until all the moonboys have had their dreams crushed and have been flushed out. As long as the XRP youtubers still have wind in their sails, I'm staying away. Once, they've been crushed, I'll buy back in.
GerbenDeZeeuw
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@BMLemon, I like your strategy. But not so sure a few Youtuber represent the actual big holders. I believe (and know for a fact), that the real big holders are actually keeping low on twitter and other social channels.
BMLemon
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@GerbenDeZeeuw, I didn't mean that the Youtubers were the big holders, more that they drum up buyers for the big holders to dump on. The Tubers are the canary. Once they're dead (or mostly) it's a solid buy.
Darkside999
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If you think this is gonna repeat I feel bad for you