$XRP $Economy Technical Analysis & Breakdown | July 2020
Technical Analysis & Market Breakdown of XRP & our economy
XRP
Easy Loot's Bullish Trade: If we successfully hold & breakout...
Estimated Time: 2 Months
- Entry: $0.18759
- Target Profit: $0.21227
- Greedy Target Profit: $0.2213
- Stop-Loss: $0.18526
XRP News:
- According to CEO Adam Traidman, SBI Ripple Asia is conducting trial and pilot projects in Asia for Ripple’s On-Demand Liquidity.
- Most major cryptocurrencies are stuck in a range suggesting a balance between supply and demand. For those that don't understand this, ask Jerome Powell. To explain farther, the Fed (J.P.) is buying bonds like never before. In even simplier terms, the Fed is printing money and pumping it into our economy...
Can you guess why this is actually bad for the Crypto market?
Well in my opinion, I believe us investors just don't have enough money to hold up the major Crypto coins yet pump the market as the Fed is doing.
The Fed is blowing up a bubble, a bubble in which is filled with fake money to hold up a economy built to last. Unfortunately, our society has outgrown our economic structure which has left our market makers shook and nearly confused. During the first crash (this year), we saw Cryptos & Metals follow SPY as everything tanked.
When this next bubble pops, what will hold our Crypto markets up? Better yet who?
Do not trade this, take any information as a grain of salt. This is not financial advice.
DotcomJack | Easy Loot | The Dotcom Takeover
XRP
Easy Loot's Bullish Trade: If we successfully hold & breakout...
Estimated Time: 2 Months
- Entry: $0.18759
- Target Profit: $0.21227
- Greedy Target Profit: $0.2213
- Stop-Loss: $0.18526
XRP News:
- According to CEO Adam Traidman, SBI Ripple Asia is conducting trial and pilot projects in Asia for Ripple’s On-Demand Liquidity.
- Most major cryptocurrencies are stuck in a range suggesting a balance between supply and demand. For those that don't understand this, ask Jerome Powell. To explain farther, the Fed (J.P.) is buying bonds like never before. In even simplier terms, the Fed is printing money and pumping it into our economy...
Can you guess why this is actually bad for the Crypto market?
Well in my opinion, I believe us investors just don't have enough money to hold up the major Crypto coins yet pump the market as the Fed is doing.
The Fed is blowing up a bubble, a bubble in which is filled with fake money to hold up a economy built to last. Unfortunately, our society has outgrown our economic structure which has left our market makers shook and nearly confused. During the first crash (this year), we saw Cryptos & Metals follow SPY as everything tanked.
When this next bubble pops, what will hold our Crypto markets up? Better yet who?
Do not trade this, take any information as a grain of salt. This is not financial advice.
DotcomJack | Easy Loot | The Dotcom Takeover
Comment:
Damn
