london55555
Short

XRP = "Dumb Money"

BITFINEX:XRPUSD   XRP / U.S. Dollar
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If you bought XRP anywhere from April 1st through April 6th 2019 you are now what Wall St . calls "The Dumb Money" and you are stuck. It was "The Smart Money" that was selling to you. #Crypto
Comment: If you bought last week on that bounce you might want to consider taking your loss until this name settles down. Not advise just an opinion - know when to fold them when you first open the trade and know what your pain threshold should be upon entry. Taking losses are as much a part of the financial markets as taking profits are.
Comment: Here we go again - how many ways can you spell TRAP.
That second comment is, finaly, some serious and good andvice. I could've used that when I fomo'ed in in 2018. Can you do this more often?
+2 Reply
london55555 NoobOfTheMonth
@NoobOfTheMonth, What a foolish comment - if you had followed us in 2018 perhaps you wouldn't be in the position you are now - I recall now why we don't reply to your comments. You actually insinuate that it's our fault that you like so many others are a stuck long. Please post elsewhere going forward you'd be much happier. @dRends35
+2 Reply
NoobOfTheMonth london55555
@london55555, You really think the worst about me, aren't you. I don't think its your fault. When I found you, TV in general, I was already very stuck.
+1 Reply
dRends35 NoobOfTheMonth
@NoobOfTheMonth, It was apparently good advice all along, but at least now you're listening
+2 Reply
The bumb money are those who bought a $3 and are still holding and are about to sell now!
+2 Reply
london55555 Poukitoun
@Poukitoun, Very true and there are many of them. Thank you for the comment.
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@london55555 Buddy cool idea. Thank you very much, make more graphs, cool to do analytics
+1 Reply
You are probably right. But how stuck are they? Was it a bad idea to buy XRP now? Maybe, I'm not sure. But...

When I zoom out on the daily, I see a parabolic FOMO-spike eoy 2018. Absolutelly crazy. Unsustainable.
Then I see a hard sell off, full bear controll and the drop of price to exactly where it came from in August and September 2018 - a double bottom.
Now I see sideways market within the price range of the bullish move later in September 2018. 7 months (!) within the range of 0.27 - 0.58 until today.

If this is a bear market, where are the big sellers? Where are the huge sell offs today that happened first half of 2018?
I say they are gone. Whales of the lower price ranges either got out, or aren't willing to sell at these prices. The sell off of every bounce, but not lower, is sideways market. Low interest, bots doing their thing, until no sellers are left.

So to provide a counterargument in this new chart of yours: I say the bear market is over. We are in the sideways market where all sellers leave, but bulls aren't willing to accept lower prices. Every bounce is sold since 7 months. This leads to the beginning of the next bull market within the next months. XRP will breach its ATH at $3 either eoy 2019, or within 2020.
+11 Reply
london55555 NoobOfTheMonth
@NoobOfTheMonth, Didn't you call the end of the bear market in XRP at much higher prices? See those "likes" on your comment? That's because most "retail traders" are longs and very stuck longs at that if they have been buying over the past year no matter how they try to frame it they are all stuck. @dRends35
+2 Reply
NoobOfTheMonth london55555
@london55555, Maybe I get the likes because my observation is correct? What's that weird market cycle you wait for?
sideways market, bull market, bear market, sideways market ... now bear market again? Another 80% drop of value in XRP to $0.08? Why? Who would sell now? The few hodlers, like me, that are left? If thouse stuck longs are anything like me they will never sell a XRP below the dollar.
+4 Reply
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