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tradeformula
Mar 11, 2019 4:36 PM

XRP's bull/bear transition Pt. 14 Long

XRP / U.S. dollarBitstamp

Description

The range tightens even further as higher lows and lower highs emerge, and a breakout looks to be on the cards as price action squeezes in. Because we're in the bearish range of that trend, it feels like bulls are gathering momentum.

Looking closely at XRP for the rest of the month, and expecting a large breakout to occur when these trends collide. Thanks for watching.
Comments
Gi7vis
You need to be viral. Your videos are pure TA and not some hopium based on crystal balls. Have you considered having a youtube channel or you are in it not for the fame and want only a certain kind of audience? Whatever the case may be keep it going!
Will you HODL through this boom or sell? Will you sell at certain price or within 1-4 weeks of the boom since the price explosion last 4 weeks like you say. Will you play it safe and sell at 2 weeks or max out at 4?
Excuse my english, its not my mother tongue.

tradeformula
@gbklipai, Thanks! I appreciate that. I've thought about creating training/videos/youtube channel, all of that- it's a matter of having available time to do it.

I would most definitely hold as I think we'll see another large price movement as we've seen before (like last December) when price resistance is broken, but yes- I'll likely be looking for a partial exit at that point. If that happens, I'll probably have the time to create a website/channel/etc. we just talked about!
UnknownUnicorn2346908
See you on the bright side (hopefully) brother!
zmassey
excellent analysis my dude
tradeformula
@zmassey, thanks so much
BaroiMihai
Any possible price target speculated...?

tradeformula
@BaroiMihai, Very hard to say at this point, however if we look at previous moves, they achieved 12x, 14x, 16.5x growth in a month. If we're considering previous history, I tend to think this is a reasonable conclusion. That said, in March to May of 17 we saw an unprecedented growth arc over several months in quick succession after a long period of bearish/sideways motion- so I wouldn't rule out something along those lines, particularly considering the nature of integrations/partnerships on the cards for XRP.
BaroiMihai
@tradeformula, thanks for the expertise answer..
tradeformula
@BaroiMihai, anytime
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