BITSTAMP:XRPUSD   XRP / U.S. Dollar
Hey guys,

This is the first idea I post. All of the indicators are showing there will be a reversal soon. Other than the indicators, its is pretty clear that tradingview's chat is extremely bearish , and that is a major signal that things will turn around. Plus we have already crashed from 10k since the last bull run. If you think that the people who are manipulating this market will just let it crash instead of milking it all the way before it gets regulated, then youre gonna be buying my shitcoins at 8k because youre a sheep.

I think that there will be a bear trap to aprox. 6500usd then bounce to the 8k resistance... However, i think that BTC will eventually go back down to 3k or less....

Please share your thoughts. Constructive criticism is always welcome :) .

Disclaimer: this is not trading/financial advice, just an idea.
Comment: Everything on track for now. We should see a pullback to test these previous resistances as supports. Likes/comments are appreciated :)

Comment: Updates: We have failed to penetrate the resistance shown in the pink cricle at every 4hr candle as shown, therefore we are heading down to test either of the two supports circled in green which we have not tested before (first 6300, then maybe 6050). Im pretty certain that we will bounce hard after this and continue our way up to 8k. The bounce should happen this weekend.

Cheers and good luck!

Comment: sorry, i meant red circle, not pink circle.

Comments


Updates: We have failed to penetrate the resistance shown in the red circle at every 4hr candle as shown, therefore we are heading down to test either of the two supports circled in green which we have not tested before (first 6300, then maybe 6050). Im pretty certain that we will bounce hard after this and continue our way up to 8k. The bounce should happen this weekend.

Cheers and good luck!

Reply
Updates: We have failed to penetrate the resistance shown in the pink cricle at every 4hr candle as shown, therefore we are heading down to test either of the two supports circled in green which we have not tested before (first 6300, then maybe 6050). Im pretty certain that we will bounce hard after this and continue our way up to 8k. The bounce should happen this weekend.

Cheers and good luck!

Reply
well well, I think you are right but I also know this is a time in the cycles for big reverse, like going to previous max high, then fall down and then make another highest high. If we go down to 3k that would be bad, no one wants bad, we want good.hehehe. The thing is we are in a very important level, we should see a big recover. if we go down means many thing are bad in global economy, very big events. But I also read good news and levels are ok to make a reverse so Im confident we should see big move to de top
Reply
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