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macrobear
Apr 21, 2019 5:52 AM

The XRP Mass-Delusion Short

BITSTAMP:XRPUSD1D
XRP / U.S. dollarBitstamp

Description

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Shorting the biggest mass-delusion in Crypto.

More informations later...

Comment

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Comment

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Why I chose to put size on before the support break is confirmed.

Comment

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This might break sentiment

Comment

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Solid 10% drop in under 1h

Comment

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On-Chain movements are interesting

From(@whale_alert)

Trade closed manually

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Trade on pause, Tether uncertainty, Signals are distorted

Waiting for better market conditions

Good Luck

Trade active

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Reopened the trade with a small position for SITG

Content:
coinmetrics.io/an-on-chain-analysis-of-ripples-escrow-system/

Trade active

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Long-Short profile came down quite heavily after that massive move to the upside.

Off to visiting a negative long-short profile for the first time?

Support and ResistancexrpxrpusdXRPBTCxrpshort
Comments
ThumbSkin
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.05 is still a possibility. I have orders waiting at those levels. However, I find it unrealistic for it to be that easy to make money. Not sure it going to happen anymore
macrobear
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@ThumbSkin, Possibility yes. I play it safe and stick to my 0.07
lemonsandshade
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@ThumbSkin, i agree...5 to 10 cent zone could be life changing
BONTESA
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absolute BS in my eyes if you studied the fundamentals.
macrobear
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@JosephineCharlotte, You gonna love my updates!
Cryptalion
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macrobear
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@Cryptalion, Me gusta
lemonsandshade
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I agree that the 7 cent zone could be the bottom, but a lot of other people already think this too, which leads me to beieve it might not happen. Interesting to watch the pattern play out the next month.
macrobear
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@lemonsandshade Fascinating, in my twitter feed nobody is touching xrp. Always interesting how limited we are to see the whole.

Do you mind linking what you had mentioned?
lemonsandshade
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@macrobear, I don't have a particular one to link to off the bat, but several elliott wave people tend to view this as a possibility which I think is very likely. I would definitely be a buyer down there.
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