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IvanLabrie
Nov 28, 2019 9:45 PM

XRPUSD: Going to $0 by February Long

XRP / US DollarPoloniex

Description

I'm liking sentiment in XRPUSD here. Prominent economists are predicting a fall towards $0 by February, which I think is a pretty extreme call.

Realistically speaking, risk is a fall below the green dashed line in this chart to nullify potential upside. If it bases here until January it may flash a long term bullish trend which may turn $100 invested here into $7700 if it lands on the target during 2020.

I wouldn't bet too big on #XRP personally, but maybe a small no leverage position would be logical here (think 1%).

Cheers,

Ivan Labrie.

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Comments
gunazzi
Haha that Alex Kruger article is funny
IvanLabrie
@gunazzi, indeed... Yeah, linear regression this...
Bella88
Hi can you give any idea on the xrpbtc , very confusing
keshavreddi
Ivan, How is this looking now ?
keshavreddi
@IvanLabrie how xrp looks now?
IvanLabrie
@keshavreddi, I sold my position for now, I might buy back once it's clear Bitcoin bottomed.
EdgeEdge
Prominent Economists ?
yvofox
@falcone4113, people that are stacking up!
ThumbSkin
Some people just ment to be poor for life
IvanLabrie
@ThumbSkin, what do you mean?
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