This helps to understand where we are are at in the overall structure! We have finally come to the lower channel line...now is the time!
Leave a comment! Click the like? Over 700 hundred people looked at the last chart, and but a handful of people click the like, why is that? Did that many people not like the chart? Tough crowd! Oh well, lets see after this one.
Love the work you do and love XRP. With that being said, XRP/BTC Longs are almost topping ATH. I could be wrong in saying that all these Longs will pressure XRP down through your lower channel support.
RealMcafee
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@ProjectP, long squeeze becoming increasingly likely at this stage
ProjectP
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@barclayjames, Hope this isn't just 'confirmation bias'. Dislike the saying, but 'things will get worse before they get better'.
RealMcafee
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@ProjectP, Maybe, but shorts were just 23x longs (now shorts 10x longs). XRPUSD price in blue
On top of your sound reasoning, I can think of several technical reasons "why" the lower channel line may not hold.
tommix
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How can help us this stupid nonsense? Maybe put some indicators so this nonsense would look a bit less nonsense :) There is like 0 bots who trades based on your nonsense, bots use moving averages, not made up lines. ANd bot orders create price movements, not humans.