shadowbladers
Short

Could Ripple drop down to 50 cents? Bad news for everyone...

BITTREX:XRPUSD   XRP / U.S. Dollar
~Latest News~
-South Korea taxes exchanges by 24.4% / Year

Reasoning:
Ripple is nearning the end of an elliot wave bear market but another crash is incoming from CME futures expiring on the 26th indicating that XRP could potentially drop Ripple down to 50 cents in a worst case scenario. This is due to the manipulation of Bitcoin so that the people who hedged against bitcoin get more paid out at the time that the contracts expire.

Conclusion - Short:
Unless you have been holding since anywhere above $2 short. Otherwise, it would be wise to just hold until XRP reaches a point where your investment hits 20% loss and you cut the losses.

~Drop a like if this helped you in anyway~
Comment: At the moment, I am not seeing the signs I anticipated in the hours before the crash. It looks like the bears have not moved to push prices down prior to the futures expiring but there still is a chance that it could happen.
Comment: Bitcoin:
The crash has come with an expected double bottom as it would be WAY to hard and costly to manipulate prices down below 9000 and would be against what the futures holders master plan. Bull run expected after this.
Buy: $9200 | 75%
Buy: $8500 | 25%

Altcoins: When bitcoin bottoms at these prices buy up. It is very unlikely that bitcoin will drop further.

Comments

Taxes aren’t a bad thing. If you earn money, you contribute to the system. Social security, healthcare, infrastructure, defence,... It’s as simple as that.

Just a question, Bitcoin dumps on expiration of the contracts. That means ‘they’ went short. But what about those who went long? Bitcoin can also pump on expiration of the contracts, right? So they all went short than? Why? Anticipating a drop after the ATH?

Thx!
Reply
@DaSmooth, Futures cannot be altered, and at the time that the futures began, bitcoin was at ATH's. The logical thing to do would be to place in a short future. The fact that the price of bitcoin is still going down even after the CBOE futures expired indicates that the CME futures are also betting that bitcoin will go lower, meaning that they would want to crash bitcoin to put it at the price that they betted on. After that, I expect a very nice uptrend to ATH's to possibly 30k.
Reply
i am south korean... i think even pay taxes... they will trading i think
+2 Reply
shadowbladers jose51907
@jose51907, Yes but the exchanges would have to up fees to make up for the amount that they were making before they were taxed
Reply
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