CryptoComa

Just a 1 Day Chart With Some Simple RSI and the Number 113 (%)

Long
BITFINEX:XRPUSD   XRP / U.S. Dollar
What do you think ? Does history tend to repeat itself ?

Comments

Called it !!!
+2 Reply
Does the pope look at little boys lol
+1 Reply
You forgot 2017-07-17. also 113% in just a few days.
We're currently shorting Ripple thoug, based on BTB and based on the Bear flag building on the 60 min chart
+1 Reply
CryptoComa BitBotly
@BitBotly, I have also excluded the 113% increase seen in this chart on 1-17-18 through 1-18-18. The main focus of this TA, however, is the RSI, not the 113% increase (although I found the consistency of the percentage increase intriguing).

I will give you that RSI tends to create fake buy and sell signals at times, especially if overused. However, when RSI climbs above 80 or falls below 20, it is rather difficult to ignore.

I will step away with this comment. I respect the XRP community and the crypto universe alike (despite my alias lol). The market is still in a very premature stage, is still unregulated (solely based off of nothing but speculation alone - that is except for XRP after XRapid is live) and tends to not follow typical trading patterns 100% of the time. With that all said, I can total see your perspective as well. In fact. I hope you're 100% right.

Again, the 113% should not be your focus but rather the momentum (and Relative Strength Index) of the imminent bullish reversal. I would be happy to pick up as much XRP as I can at 0.26484, As at that point.. a 113% increase is chump change.

Don't sell.

If you bought at .42, don't cry, buy at .34.

If you bought at .34, don't cry if the price goes to .26484.

Accumulate.
+1 Reply
Of course it will!
+1 Reply
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