Right now as we speak people freaking out about some fud's as usual. Corona virus has nothing to do with the price action but some people with large short position seems to spread this news everywhere. This is not a thing related with cryptos at this moment. We needed a correction and it is all done in spectacular fashion.Nothing unusual. Coincidentally in the history of cryptos most fud news seems to originated from China. Chinese government blocking crpto use was very popular at one point.Or tether fud was interesting one too. Now the corona virus. Haha!
Lets see the BIg picture besides of artificial stuff that other questionable people creates. Xrp looking like it is almost completed correction. This is nearly 2 years old large triangle I drew on weekly chart .On the very bottom we may or may not reach 0.2 range which represent the bottom of the triangle. But it seems like we are oversold region on daily and hourly charts.And most importantly right now we are sitting at quite powerful buying pressure at 0.225 usd range very close to the bottom of the triangle. This triage statistically break towards upper region. If it does i would not expect less than 0.40-0.50 jump in short period of time. Besides of this funny manipulation we must focus winning longer term strategy. Today i have entered into position @0.228 range and I am going to be holding whatever happens. Nothing will or can scare me. I know whatever happens at the end of the day i will be laughing hard . And I also anticipate Btc will soon finish the correction hopefully over 8000 usd range.if Btc's correction ends at 8500 region which is also very strong possibility Xrp will spring up like sprint runner.
Good luck traders!
Lets see the BIg picture besides of artificial stuff that other questionable people creates. Xrp looking like it is almost completed correction. This is nearly 2 years old large triangle I drew on weekly chart .On the very bottom we may or may not reach 0.2 range which represent the bottom of the triangle. But it seems like we are oversold region on daily and hourly charts.And most importantly right now we are sitting at quite powerful buying pressure at 0.225 usd range very close to the bottom of the triangle. This triage statistically break towards upper region. If it does i would not expect less than 0.40-0.50 jump in short period of time. Besides of this funny manipulation we must focus winning longer term strategy. Today i have entered into position @0.228 range and I am going to be holding whatever happens. Nothing will or can scare me. I know whatever happens at the end of the day i will be laughing hard . And I also anticipate Btc will soon finish the correction hopefully over 8000 usd range.if Btc's correction ends at 8500 region which is also very strong possibility Xrp will spring up like sprint runner.
Good luck traders!
Comment:
We are still in good shape. In shorter time frame we have double bottom structure. Btc also printed double bottom structure and seems strong over 8500 usd range. Lots of good and bad news about XRP.. Bad news means that somebody actually worried about XRP taking over the star position!!! whenever I see many bad news about XRp , Xrp rallies.......I mean think about it why would they try to post XRp non-existent court case about weather xrp is securities or what not over an over :))) I am getting more confident day by day.I end up buy more xrp yesterday @ .229 again...
Comment:
This latest drop was also one of the expected outcome. Xrp dropped less than any other top alt coin yet people bashing xrp again. This is getting quite annoying!! I decided to not read negative comments or rude comments about xrp any longer. When xrp rallies up nobody remembers about negative comments, haters are the ones buys this on top.. As i said I am in this ride wherever it goes.If there is any coin to blame latest action is the bitcoin itself.
Comment:
xrp holding up exceptionally well compared to all the other alts out there. Btc's whales grinding continues as we move along. This sort of move purposely being made by few entities. On Binance they keep adding round 100 btc figure for the sell order repeatedly so they can take down the whole market. This is clearly pre-planned assault. At one point they will bounce the price action so sharp people will not be able to get in. Lets play their game for now :) I am not worried even for a bit.
Comment:
well I have to admit that I did not see this coming! The whole market got wiped of in a matter of minutes on few waves. This was clearly pre-planned attack. If you have not sold it yet , at least look it up for the positive side. xrp outperformed btc by %10 and ether by 15% and the giant whales took and advantage of the situation now buying it back in 500's btcs at one . if you do not believe watch the binances order books.At one point price will sky rocket and you will not even remember this happened. The term Btc is oversold is underestimation.Daily rsi is at 14!!!!!!!! It is in ultra sold territory which will allow us to go new heights if we bounce around this levels.
Comment:
Xrp doing exceptionally well compared to other top altcoins. Only coin that close to fully recover pre-virus panic crash. Of course haters will still ignore all the signs as they expect Btc to go down to 1000 range. You can not fix uneducated people or neither talk to them in civilized manners. As I said if you did not sold our coins at the bottom , you did not lose anything. Only temporally change in numbers on the internet page. I will keep holding...
Trade closed manually:
This was not my best prediction :) however after waiting quite sometime I closed my position at 0.304 range. 32% profit still better than panic selling at the bottom.
Comment:
Xrp may be roasted chicken during the pending correction.