massfocus

for future reference. Ripple.

BITSTAMP:XRPUSD   XRP / U.S. Dollar
Ripple pump is because of the high sell pressure lately combined with high shorts and a rumor that there will be news at 1,2 oct. released on the Swell conference.

Expecting the dump.
Comment: Made some wrong remarks, im not trying to trade this bullish as i find it too risky, even if it could to up further, trying to short it towards the end of the month, first 2 days of oct.
Do you think we will see .30 or .40 again?
Reply
massfocus manjotsbajwa
@manjotsbajwa, yes i do, but it will be after the conference and dependant of btc's performance the coming weeks, especially mid-end oktober we could see some crucial times for btc for a trend change.
Reply
manjotsbajwa massfocus
@massfocus, Last year xrp had a massive pump and dump right before swell. Maybe it will happen again this year. Do you think btc will break $6k? I know it has held as support but I read that we need to visit $4500-5000 before btc goes higher.
Reply
massfocus manjotsbajwa
@manjotsbajwa, oh yeah my bad i cant predict exact timeframes but between today and the end of swell the dump will occur if i had to make a trade. Btc is tricky, i always believed we would see 4.8k low after we break from 6 but it keeps holding against all odds. Noone knows, but i believe we will see a lower btc price then 5.8
+1 Reply
manjotsbajwa massfocus
@massfocus, Yeah I agree. I still think we will see a btc below $6k. Lets see what happens. Thanks
Reply
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