Remember...
Price can skip 0.5, or bounce on it then go lower.
If you like indicators, well the price pumped with more strength and the indicator made a new high but the price did not, this is known as hidden bearish divergence.
The strength is flattening on 35-40 on the RSI (other indicators tell the same story pick your favorite one), this is known as the "weak area".
The RELATIVE STRENGTH INDEX in the 20-40 area is "weak", under 20 is "very weak" or also known as oversold (which wording baits alot of new traders to buy).
During the previous FOMO pump the strength tested 60 (60-80 = strong) but failed as you can see, and it was rejected, and back to the weak area.
Price to likely bottom in the 1c - 5c area for a while.
Would founders sell more down there? There average price is zero but still, they dumped so much, what difference would it make.
I think (but maybe not) the more likely scenario if price is to just go to zero is founders dump at 25c-5c on new buyers and those new buers end up vomitting at new lows when they are down 50%, etc.
Original "hodlers" down 99% won't sell lol.
Once bottomed no point holding short. Will take forever to fall probably.
Around 0.618 have a tight trailing stop, or look for a bottom in that area and then exit.
Stay short as long as there is a vertical candle down of course, if it happens to be in 99% should have exited already.
Before zero, before no liquidity and can't even get out, and before exchanges go bankrupt or whatever. Don't take the chance.
Ripple founder said it himself: There is no easy way to make lots of money accessible to a large number of people.
Dreaming delusional large ego bagholders are going to learn a harsh lesson.
Price can skip 0.5, or bounce on it then go lower.
If you like indicators, well the price pumped with more strength and the indicator made a new high but the price did not, this is known as hidden bearish divergence.
The strength is flattening on 35-40 on the RSI (other indicators tell the same story pick your favorite one), this is known as the "weak area".
The RELATIVE STRENGTH INDEX in the 20-40 area is "weak", under 20 is "very weak" or also known as oversold (which wording baits alot of new traders to buy).
During the previous FOMO pump the strength tested 60 (60-80 = strong) but failed as you can see, and it was rejected, and back to the weak area.
Price to likely bottom in the 1c - 5c area for a while.
Would founders sell more down there? There average price is zero but still, they dumped so much, what difference would it make.
I think (but maybe not) the more likely scenario if price is to just go to zero is founders dump at 25c-5c on new buyers and those new buers end up vomitting at new lows when they are down 50%, etc.
Original "hodlers" down 99% won't sell lol.
Once bottomed no point holding short. Will take forever to fall probably.
Around 0.618 have a tight trailing stop, or look for a bottom in that area and then exit.
Stay short as long as there is a vertical candle down of course, if it happens to be in 99% should have exited already.
Before zero, before no liquidity and can't even get out, and before exchanges go bankrupt or whatever. Don't take the chance.
Ripple founder said it himself: There is no easy way to make lots of money accessible to a large number of people.
Dreaming delusional large ego bagholders are going to learn a harsh lesson.
Comment:
pay 0.0753% when long, receive 0.0342% when short
Only check with 1 broker.
Might be interesting...
Problem is brokers are closed on the week end.
But that one has a guarenteed stop :)
Only check with 1 broker.
Might be interesting...
Problem is brokers are closed on the week end.
But that one has a guarenteed stop :)
Comment:
Lmao so apparently ripple bagholders saw the messiah and the bull market is back.
Because of a tiny witty mini green candle (blue in this case).
There are people that say "I isolate myself to eliminate all bias" and all that stuff.
REALLY? XD Is it for this kind of thing because if it is...
Imagine falling for this and getting all excited because pretty much nothing happened.
What a zoo.
Because of a tiny witty mini green candle (blue in this case).
There are people that say "I isolate myself to eliminate all bias" and all that stuff.
REALLY? XD Is it for this kind of thing because if it is...
Imagine falling for this and getting all excited because pretty much nothing happened.
What a zoo.
Comment:
Well, ripple went up a tiny bit and the clown community celebrated.
"The bull market is back".
And it popped down back to where it came from. Cringe.
Quite a short bull market.
"The bull market is back".
And it popped down back to where it came from. Cringe.
Quite a short bull market.
Comment:
Trending up, towards short term resistance.
Probably not.
Depends how many opportunities I get elsewhere.