cd_kagaya
Long

Possible buy point for XRP at around 1.03?

POLONIEX:XRPUSDT   XRP / Tether USD
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5
213 11

It is now forming a possible big triangle at the possible bottom, let's wait.
Hi, do you think XRP can break correlation with BTC? It seems that only in that way could it be taking off. The volume does not seem to accompany. TKs
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DOUGTON gusccbb
@gusccbb, already broke
+1 Reply
gusccbb DOUGTON
@DOUGTON, you're right, now going for the zone break, 618% FIb at 1.6 / 1.7? Tks
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cd_kagaya gusccbb
@gusccbb, I have tested the correlation between BTC and XRP, using the daily data from Aug, 2014 to Jan, 2018, and found the correlation coefficient is 0.2. That means it has a very small positive correlationship in a daily timeframe. But I deem in the long time frame, it should have more correlationship
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gusccbb cd_kagaya
@cd_kagaya, Hi, thanks for your response. I'm not a technician but I notice that in the last two weeks the top five alcoins have moved to the rhythm of BTC and the graphics look very similar, so I presume that until the BTC fate is defined, towards 8.5K or towards 13.5K the other currencies are not going to define a trend either. In case of XRP I am maintaining and waiting to see if in the next week it defines its destiny. How do you see the evolution of XRP?
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cd_kagaya gusccbb
@gusccbb, If BTC drops thourgh 10K and goes towards 8.5, it wll be a doom for the crypto, in this atmosphere, XRP might drop across the last time 0.85 again, now it's still in the big triangle and the break of small triangle almost failed, it turns back to the break point, showing the selling pressure. We'd better wait for BTC's destiny clear.
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gusccbb cd_kagaya
@cd_kagaya, You are right, but the unstable of BTC at this moment and the dw weakness XRP by lower Asian volume is not good signal at the moment. Thanks for your comment
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DOUGTON gusccbb
@gusccbb, i guess bitcoin is goind down .. but people won t just leave cryptos.. they are going to move their money to altcoins. Xrp seems to be ready to receive them. will see. Timing is so perfect. seems like it s a monster manipulation to get xrp 1st place on cryptomarketcap. 26th jan is coming for btc. xrp got 2 days to conveice people. then Q4 tesults will be released and i guess our friends from coinbase by the 30th Jan... well.. i won t say anything for now...
+2 Reply
gusccbb DOUGTON
@DOUGTON, Tks for your comments. I learn from people who know more than me.
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DOUGTON gusccbb
@gusccbb, we all learn everyday. That s the magic in it. Never think you know everything. Always put yourself to question.
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