Simple term, if it falls around 0.26500 chances are it goes down and this was bull trap.If it keeps on channel we go to 0.30 in next 5 days max 100%.Since we are having negative crypto market for last 24 hrs i wanna risk and say we form a small channel up and wait for Swell.Price will retest 0.32 sooner then you think. Share your thoughts as always.Cheers
There is a Death cross on total market cap, than doesn´t look very good. let´s if we get a harder pull back and jump in at 0.25-0.2450
mightytrader
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@DavidVillaraco, XRP is going up. Both in USD and against BTC. Bitcoin is in a bull market.
DavidVillaraco
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@mightytrader, if you say so... Market cap its acutally getting in bear market... but lets see and hope for the best.
mightytrader
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@DavidVillaraco, You will never be able to buy when it is obvious. That is always too late. The Institutions are screwing with our heads. They own most of the supply so they can just hold at these levels as long as they like. I am anticipating by end of month alt coin rally and Bitcoin back up. For XRP... I don't know at what price it will end up at; but it's going up... maybe as high as 40 cents in November.
One thing is for sure: I would not short this market at this time. Last year was the time to be shorting. The bear market structure is not there anymore, though. And the time to short is when the people are eager to buy. No one seems to be eager to buy right now.
DavidVillaraco
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@mightytrader, I don´t short Crypto, never, I just try to add more at better prices. and about institutions check out the latest Grayscale report, they´ve been adding Bitcoin and Ethereum and almost non XRP to their portfoilio...so who knows, I do believe its the best Crypto in the market, but maybe it needs a bit more of time. l
mightytrader
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@DavidVillaraco, Someone bought a lot of XRP a couple weeks ago when it crashed to the 20-22 cent area. If you don't short, you're missing the other half of trading. Just don't use ridiculous leverage; 2-3x is all you need. But I am not shorting now.. I see more upside on XRP.
mightytrader
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@DavidVillaraco, But perhaps you are not a trader. That's OK! Bitcoin is in a long-term bull-market. I don't see it going to 5k.
MrDunn
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@DavidVillaraco, I have already taken one position out to wait