there is a sell wall incoming according to Bitstamp of 200000XRP which might just push the cryptomarket down. Market bottom is low and Stoch RSI indicates buyers weakness.
Comment
⋅
We are still waiting for a bearish engulfing candle here though.
Comment
⋅
I believe the pattern will follow the pennant indicated
Comment
⋅
Update: sell wall moved up to 2.7
Order cancelled
⋅
but resistance at 2.5 will remain due to previous high. i personally wont be risking this trade due to the fact that this crash is due to coinmarketcap's "screwup"
Comment
⋅
sell wall was 200000 sorry misstyped. confused though because the wall might have been a glitch on my part.
Comment
⋅
Guys write down in the comments how to delete this idea i dont want to be missleading anyone
Comment
⋅
well in the end the resistance was there... I missed out on this trade i guess even though i sorta called it XD
@kainuri9 There’s an order in Bitstamp of 707,050 XRP at 2.50. I think that it’s going to be hard wall to pass...
kainuri9
⋅
@artvandaval, Well that might have been a rebuy from the same person who placed the 200000. just speculating of course. and that is if the order i saw wasnt a glitch as i thought it out to be.
@JohnSmithf0, yess an hour ago when you posted you deffinately should have sold at 2.49 with a limit order buy basically set at 2.51incase the wall breaks
JohnSmithf0
⋅
@kainuri9, i sold everything yesterday before all these mess, i want a good point to buy back in
@mcmurphy510, to bad i think this idea of mine is flawed not because of the outcome but because of the data i used. and it would be nice to start a fresh idea witch doesn't confuse other traders.
mcmurphy510
⋅
@kainuri9, I wouldn't worry too much about it. I think you did your part in the comments.
Besides, the vast majority of folks here aren't financial advisers... and those who are have no fiduciary duty to us as clients. I take all of these ideas with a grain of salt. At the end of the day, it's up to us as individual investors when / where to invest.
kainuri9
⋅
@mcmurphy510, your right i think i just might have a minor case of OCD when it comes to such things XD