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CaptainCanuck
Aug 4, 2019 4:18 PM

XRP 37% ish Long. Rest Easy Friends. Long

XRP / U.S. dollarBitstamp

Description

REASON'S WHY:
- XRP is at the bottom of its massive triangle on the one day chart. Pretty simple concept. Buy the bottom of triangles and sell the tops.
- Market Cipher has a head and shoulders on the blue cloud pointing up. Check out Cryptoface on youtube if you are interested in the indicator Market Cipher. Cryptoface is the man. Of note, this is not his TA, but I am respectfully inspired by his teachings and his amazing indicator.
- RSI Pointing up with lots of room.
- Bitcoin is king and is back above the 50 Day Moving Average after consolidating since 13.9k ish. The 50 Day Moving Average is what has propped Bitcoin up since $4100 ish. Bitcoin will inevitably drive the price up of alts as it is preparing to launch to $13.9 and potentially beyond again.
- News and speculation will drive prices if the crypto marketcap can get over and hold a $300,000,000,000+ market cap again.

Rest Easy and this could be a great time to load up on XRP if you are looking for a potential long, or to HODL for the future.
Comments
Damians
to zero
CaptainCanuck
@CaptainCanuck, crunch time is coming. Do or die.
Bannedhammr
I like triangles. Every one i draw points to 2020
Bannedhammr
@charvey63, on xrp
CaptainCanuck
@charvey63, Yea exactly. Crunch time is coming soon and the XRP should know if it is moon time by early 2020 at the latest or if they should run for hills. Thanks for viewing!!! :)
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