MarcelV
Short

Ripple awaited at HOSPITAL!

POLONIEX:XRPBTC   Ripple / Bitcoin
1429 20 14
2 months ago
Hi all,

Today we are going to short cRipple!

Entry: 1290
Target: 910
Stop-Loss: 1360

FA:
  • Ripple is not a mined currency. It is owned by Ripple Labs and being given away as they decide. 64 billion XRP yet to be given away.
  • Price went up as there are high expectations for Sibos 2016 :)
  • Sibos 2016 will be negative for Ripple as they only have 30-min window total.
  • It has now been pumped on this "news" which is just the ceo             giving a talk... and his speech is bad, saying that ripple without the cooperation of ALL banks is useless.
  • Ripple is cancerous for banks, as can be seen on their cooperation with EarthPort.

TA:
In chart + see Sibos 2015 effect on Ripple :)
snapshot

Short this Cripple down with all force available.

Happy trading! ;)
2 months ago
Comment: Back in April SWIFT announced 21 banks have started the pilot for its global payments innovation initiative, intended to improve the customer experience in correspondent banking by increasing the speed, transparency and predictability of cross-border payments.

The banks participating in the pilot are the largest banks in the world, including: ANZ, Bank of America Merrill Lynch, Bank of China, Bank of New York Mellon, Bank of Tokyo-Mitsubishi UFJ, Barclays, BNP Paribas, Citi, Danske Bank, DBS, ICBC, ING Bank, Intesa Sanpaolo, JPMorgan Chase, Mizuho, Nordea, Royal Bank of Canada, SMBC, Standard Chartered, UniCredit, and Wells Fargo.

First results of which will be shared at Sibos 2016 in Geneva this September. Ripple has only just introduced their steering committee, which is not even a project group - only a group to share ideas and future projects - simply said, just another sales channel.
2 months ago
Trade active: Hi All,

We have experienced infamous Crypto pit at it's best. DEMON joined XRP market and gradually, thus boiling us like a frog, increased support on buy side from 300 BTC a week ago to 1750 BTC this afternoon during SIBOS ripple demo.

This did, of course, alter our chart and invalidated the trade idea. That doesn't mean the trade idea was bad, it was simply wrong.

Regarding me, I managed to scalp a bit now and then and I am still in the short position, will start adding in bigger chunks once we go below 1200. Reason?

All major FinTech and ICT companies participate in https://www.hyperledger.org/about/members . Ripple is too small to compete with SWIFT and too expensive for banks to risk investing in it (even though Ripple offers billions of XRP as a bribe/giveaway) compared to staying faithful to SWIFT.

Furthermore, this year's SIBOS conference is heavily focused on distributed ledger technologies and SWIFT's Hyperledger has several blocks, while Ripple just one. Go figure what happens to XRP if (or more precisely: when) Hyperledger becomes the de facto standard. XRP will plummet to new ATL.

Happy trading! ;)

P.S. Be careful about the Demon, he might have a come-back.

snapshot
2 months ago
Comment: Everyone should realise how significant and supreme Hyperledger is to Ripple:

It has 83 members: https://www.hyperledger.org/announcements/2016/09/25/hyperledger-announces-5-new-members-heading-into-sibos-2016

It's growth is nurtured by the whole world: https://www.hyperledger.org/announcements/2016/08/30/hyperledger-project-grows-170-percent-in-six-months

If I could buy Hyperledger coin, I would. But still, I hope we won't have to use banks one day at all.
2 months ago
Comment: P.S. Cup and Handle pattern is possibly forming. In case it triggers, just go long. However, if it don't trigger (and I believe that it's almost impossible to trigger it with current Fundamental situation) then we are headed very very south, to the Pit of the Demons.
2 months ago
Trade active: It is safe to add to shorts. Combined with a nice entry level of 1320, this is a great news for a new day of this cRipple ride!

C&H pattern characteristics [1]:
1) Handle must not dip more than halfway to cup bottom.
2) Is a continuation pattern.

XRP's long-term trend is bearish and the Handle has dipped more than halfway. It dipped 1240 and halfway is 1280. -> Even though there is a beautiful cup, it is not C&H pattern.

Happy trading! :)

[1] https://i.ytimg.com/vi/gmFlCDgk-Dg/hqdefault.jpg
2 months ago
Comment: - C&H attempt failed.

- SWIFT defending its position as a leader: Early 2017 its gpi launches into operation, with 80+ banks, and Bank of China saying they are already happy :) https://www.swift.com/insights/press-releases/swift-successfully-completes-first-phase-of-global-payments-innovation-initiative-pilot

- Segwit knocking on the door -> btc pump, alts dump https://twitter.com/marcelv3612/status/780889419893051392

What will I do? Add to shorts! And longing bitcoin (just careful for some f u move from Chinese). Got rid of many of my shitcoins today.

Happy trading! :)
Dezziel
2 months ago
looks very promising
+3 Reply
koryu
2 months ago
risky to post stop loss in public ^^ also daily bollinger is at 1360, it's likely to go there today
+1 Reply
Comment removed
JamIanFlogioBautista MarcelV
2 months ago
its going down not up??
Reply
CryptoDymon
2 months ago
I am in. Glad you posted this analysis. Hard trade, feels like will be good trade!
+1 Reply
ABKrim
2 months ago
bad analysis xrp is still going up
Reply
rexlomax
2 months ago
i find this trade very risky bro, i hope you have a tight stop
Reply
Greenhill rexlomax
2 months ago
Just checked polo.. this shitcoin is top on volume.. got more than ETH looks like the bottom, about to pump up..

Reply
MarcelV PRO Greenhill
2 months ago
You really wrote this at price of 1450? I hope you didn't buy.
Reply
Greenhill MarcelV
2 months ago
haha hey marcel... how is things buddy ..

eth chains are enough shit coins for me.. only trade other coins rarely.. unless i have traded it before & it has had over 50k + volume at some point..

i dont trade anything unless its charted, this chart was top when i replied to rexlomax ... They have changed something in ranking system..

your stop was hit ages ago, did you move it or close trade? no updates if active or closed?
Reply
MarcelV PRO Greenhill
2 months ago
hey Greenhill.. all is well ;)

Yeah, it was hard to give advice... my team of analysts was researching all data and everything was pointing for Ripple short. However some Demon was painting the charts....

With hindsight I would change the stop-loss to 1500+ and also would recommend a gradual entry over the course of a couple of days until Sibos speech. This trade wasn't easy as initially expected and I won't underestimate any further trades.

Next time, expect better details ;)
Reply
Greenhill MarcelV
2 months ago
nice one dude..

another day in the hard life of a trader... all good dude :-)

cant get time all right, happens to everyone.. your in good profit long term, wont trade wont matter ;-)..

next trade you post will be a killer..
+1 Reply
MarcelV PRO Greenhill
2 months ago
Thanks! :)
Reply
rexlomax MarcelV
2 months ago
hahaha no i just didn't trade it, lately i've found ripple very trapping for me
Reply
CryptoBob
2 months ago
"Short this Cripple down with all force available."

What?
Reply
MarcelV PRO CryptoBob
2 months ago
(c)Ripple :)
Reply
CryptoBob MarcelV
2 months ago
Ok, cool. So, we are >15k now... 'Demons' again?
Reply
CryptoBob CryptoBob
2 months ago
https://www.youtube.com/watch?v=_bmBxQHbZQQ
Reply
MarcelV PRO CryptoBob
2 months ago
:D :D :D
Reply
rexlomax
2 months ago
Hope you got out bro
Reply
MarcelV PRO rexlomax
2 months ago
Yeah, I did reduce the position as the price grew up and now I just scalp it... I will go short once this Demon is done. Until then... focusing on bitcoins, since Segwit is coming https://twitter.com/marcelv3612/status/781169622095654912 :)
Reply
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