XRP ready for the last DUMP before MAJOR PUMP - BUY OPPORTUNITYXRP is on the precipice of the last Dump, before a MAJOR PUMP headed for the ATH.
Price action is now headed for 2 specific areas in the chart, which cointain a massive amount of liquidity that will help to be used to pump a very strong reversal.
The main Technical Factors are: (Based on WEEKLY Chart)
1/ Between 0.11100 cents and 0.06200 there is a WEEKLY LIQUIDITY VOID
2/ There is a Breaker that has NOT yet been retested, at exactly 0.06200
3/ A double bottom was formed inside the price region of 0.17131
Note that the double bottom was finally formed (on 22nd June Week) to induce institutional money/traders to go LONG
There is a ton of institutional money sitting there in the form of Stops. The algo used to move the market, is based on 2 primary functions. Produce and retest, liquidity voids, orderblocks and breakers. Thus, the Market Makers (Manipulators) are now coming back for this liquidity and once stops are taken out (which go down low as far as 0.06200 cents) the liquidity will be used to pump the market back up to the previous ATH (a super reversal) to approx $3.80 and beyond.
The main Fundamental factors are:
1/ The SEC is suing Ripple, claiming they sold a security to fund their company, back in 2013
2/ There is a 5 year statutory limitation on such issues, where any alleged tort that occurred more than 5 years ago, cannot be prosecuted. We are 7 years from the tort, thus past the 5 year limit.
The case against Ripple will be thrown out of court, which is set for a hearing on the 19th of January 2021.
References:
* www . paulweiss . com/practices/litigation/securities-litigation/publications/us-supreme-court-clarifies-scope-of-5-year-statute-of-limitations-in-sec-enforcement-proceedings?id=12684
* dailyhodl . com/2020/12/29/first-court-date-set-in-landmark-case-pitting-sec-against-ripple-labs/
3/ The SEC Claim that XRP is a security. However XRP CANNOT be a security because:
a) XRP existed BEFORE Ripple was even a company. XRP was Originally OpenCoin and was made by 3 people, 2 of which work in Ripple, the other heads the XLM project.
b) OpenCoin was Gifted to Ripple many years after it was made, then Ripple changed the name to Ripple Coin and finally to XRP
c) If Ripple were to cease business tomorrow, XRP would still be traded on the markets, because it is NOT a representation or Share/Stock of Ripple, it is a Coin, it is a currency/commodity.
d) XRP does NOT pass the Howey test, it is NOT a security. By the SEC saying that XRP is a security, is stating the same as me being able to buy Amazon stocks, BEFORE Amazon was even a registered company.
e) There are many more legal points to consider, best place to find that would be to start here:
* newconomy . media/news/california-court-refused-to-support-sec-in-the-case-of-recognizing-a-cryptocurrency-token-as-a-security
* www . investopedia . com/terms/h/howey-test.asp
4/ In the markets, both Regulated and Unregulated, we often see Dump and Pump scenarios, mainly organised by whales who are able to 'induce' panic selling, so that the amateur and inexperienced investor, will dump their holdings, thus inducing a mass sell off which gives downward pressure to the market value of the commodity/coin/stock.
We don't have to look that far back when we can recall in 2017, JP Morgan CEO Dimon, stated that 'Bitcoin is a scam', only to induce a panic sell off of Bitcoin and then the very next day, JP Morgan were found out to have 'bougt the dip' thus buying the majority of bitcoin sold off, at 'discounted' prices. A trick where when used in 'regulated' markets, lands the institution in hot water. Due to the fact that crypto is NOT regulated, yet, institutions can get away with such skullduggery.
5/ The obvious game in play here, is to remove as many amateur holders of XRP as possible, to induce a mass sell off, purely based on Fear and rhetoric. Dump the price down to the previous breaker (An Orderblock that has had it's structure broken), and retest it, thus using the liquidity that has been sitting there for around 3 years to help pump the price upwards.
6/ Note that when stops are taken out, it doesn't only concern institutional money, it also carries with it, amateur and funds management positions, which usually get liquidated in the Derivatives/Futures market. This greatly contributes to the upward pressure of the market price, thus you will notice when observing whale feels in telegram (for example) when LARGE and SIGNIFICANT long positions are liquidated, the market price is pushed down, thus a dump occurs. When LARGE and SIGNIFICANT SHORT positions are liquidated, the market price is pushed UP and a Pump occurs.
7/ Ripple are the only Crypto company that has been following the SEC regulations and preparing themselves properly for Regulatory framework. So many staff have been hired by ripple that were previous employees of the SEC, which ensures conformity with regulatory framework.
8/ This last dump that is due to occur, will be the last dump before a massive pump, which will see new ATH achieved. Although I've explained above how the reversal is achieved in a Technical sense, there is also a fundamental aspect of this and that is directly related to the XRP/BTC market, rather than the XRP/USDT market. This is directly due to the impending SEC determination that the USDT Tether coin was and is Fraudulent, and upon the SEC determination, will induce a mass exodus of liquidity FROM BTC ---> TO XRP, thus producing the massive pump we have been expecting.
The liquidity from both Stops taken out as well as liquidity at the breaker, plus all LONGs that will be taken out and accounts liquidated will ultimately all contribute to the massive pump that we are expecting to happen.
9/ The games people play... As we note, such games are played out in diverse markets. The crypto market is not any different to other markets throughout the hundreds of years they have been around.
Crypto, although very young in comparison, is not immune to market manipulation, especially because it is unregulated at present.
Please take some time to have a look at the following 2x charts, where a comparison between XRP ---> TESLA &
tradingview . com/chart/XRPUSD/spRskwyU-Game-TSLA-CEK-18-XRP-CEK/
XRP Comparison and alternative (retail) analysis
tradingview . com/chart/XRPUSD/N8zebeLo-XRP-USD-2018-08-09-200-2020-12/
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* A note to the BTC maximalist that wants to comment with FUD and negativity on this chart.
- Before you start shooting your mouth off writing XRP is a scam, you should be more concerned about your own Bitcoin as there is a MAJOR SEC lawsuit already in motion against USDT Tether.
The Tether coin IS fraudulent and was used to initially pump the price of Bitcoin. We all know that USDT is NOT backed by anything and IS FRAUDULENT which means once the SEC is done with Tether, Bitcoin is expected to Dump extremely hard, probably down to the region of anywhere between $100 to $5K. Yes its a broad price range, but never has such fraudulent activity been experienced in this crypto market using so much fraudulent coin USDT.
- Re-read the above fundamentals statements to understand more about the XRP case and it's merits.
- You should remember what happened in 2017 with JP Morgan CEO Dimon, where he badmouthed Bitcoin stating it was a scam, and the coin dumped particularly viciously, only to be bought back up by JP Morgan themselves at 'discounted' prices. Its all a big boys game and Bitcoin maximalists are little children playing in shark infested waters. Better wake up now before you all get burned
- Between the dates of the 15th of January till the 29th of January, 2021, we should see BOTH SEC cases determined. This should be that XRP is NOT a security and has NOT violated any regulations and XRP is NOT a security (see above again for a refresher) and that USDT IS fraudulent, not backed by gold or cash and was used to pump the price of Bitcoin. Thus expect a massive exodus of Bitcoin directly into the XRP market, pumping XRP higher past any logical targets we currently have.
- Everytime there is a massive dump, made in this way, it is usually followed by a super massive pump. There is GREAT buying opportunities here, not a doom and gloom scenario for XRP. But if you own Bitcoin, you might want to dump it now before the official bitcoin dump occurs during the SEC USDT court determination that USDT IS fraudulent and was used to fraudulently pump bitcoin.
Main reference here:
* coindesk . com/crypto-traders-lawsuit-claims-bitfinex-tether-cost-market-over-1-trillion
* fxstreet . com/cryptocurrencies/news/us-treasury-to-consider-stablecoins-as-security-202012301155
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These are my thoughts and opinions, this is not financial advice or investment advice. Trade & invest at your own risk. Education is the best form of money & risk management.
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Ictbreaker
Forex Signal and Analysis on USD/JPYThere have been several push to the downside in the past few days if not weeks and now, there is a break in a market structure which could signify that the price might be going to the upside soon at least to the area of value for a retracement. So we wait for a return to order block after stop hunt and the breaher.
DELTA AIRLINES - SERIOUS BEARISH TREND (WEEKLY CHART)--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DISCLAIMER: I have no political affiliation, constitutional or governmental bias when publishing these forecasts. They are my own opinion as I personally see the market.
All Charts forecast are NOT Financial advice, I am not a financial advisor, nor is this financial advice. It is for educational and personal trading purposes only.
TRANSPARENCY: Any 'STOCK' I publish/forecast, on Tradingview, means I own a percentage of stock in the listed company and I am sharing with the tradingview community my thoughts, good or bad.
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DELTA AIRLINES (DAL) has a serious BEARISH trend pattern that has already been confirmed by the break in the bullish trendline marker as well as a confirmed Level 3 High and an almost completed Level 1 correction.
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THE FUNDAMENTAL ANALYSIS
The fundamental aspects of this stock are particularly dependent on:
1/ Number of customers that fly Delta
2/ The behavior of Delta Staff (includes BOTH Upper Management AND Flight Crew)
3/ Public Health Issues: eg. Covid
4/ Political bias/affiliations
I shall analyze each important fundamental part below
1/ Number of Customers that fly Delta: In a public announcement here: https:// news . delta . com/delta-flew-record-number-customers-summer-heres-how
Delta claims that "records made and broken" where Delta claims "Between May 24 and Sept. 3, Delta flew nearly 60 million customers, including the airline’s new record customer enplanement day on July 26 when nearly 662,000 flyers took to the skies on a single day."
The figures certainly show strong customer loyalty and engagement, yet this is not reflected on the stock price!
2/ The behavior of Delta Staff is of Great concern, especially when politically or socially motivated behavior is publically broadcast on both mainstream and alternative media.
I have always been a supporter of good business and health/safety practices, for both staff and customers. However in lieu of the current COVID situation together with political bias, has somehow turned an Airline into a social justice warrior platform where Staff (both upper and lower management) feel the need to become health experts and police.
The fact of the matter is, Delta airlines is a TRANSPORT company, they transport both humans AND freight, together and/or separately. Thus Delta Airlines is NOT a medical institution nor is it a law enforcement authority. So the question must be asked, WHY does Delta Airlines force customers to wear masks in states where Marks are NOT compulsory? WHY does Delta Airlines punish customers because children younger than 2 (which are NOT required under the CDC guidlines: https:// www . cdc . gov /coronavirus/2019-ncov/prevent-getting-sick/cloth-face-cover-guidance.html) do not wear a mask? Delta Airlines is a TRANSPORT company, NOT a Medical Institution or regulatory body, thus should NOT be forcing customers to wear any masks that are not compulsory in the state of embarcation, nor should they be punishing customers that do not follow these regulations either. Law enforcement should be left up to law enforcement angencies NOT Airlines or Transport companies !
Why do this matter? Because this kind of behavior digs into the bottom line (profit) of the airline, thus reducing returns and decreasing the value of the stock, as Delta is totally dependent on it's customer base, NOT the government, law enforcement or the medical regulatory body. This is Disgraceful behavior and marginalises all customers, ultimately forcing them to fly with another airline.
This is NOT correct business practice, it is called virtue signalling which has NO PLACE in Business !
3/ Public Health Issues is of major concern, especially during the Covid situation. However, there are MANY problems relating to this issue with regards to Delta where the bahavior of upper management is just as immature and dangerous as lower management and staff.
a) The first issue is the number of complaints that have arisen after the CEO Ed Bastian, confirmed that the airline would continue to add customers to a No-Fly List because customers did not wear face masks. See article here: https:// simpleflying . com /delta-no-fly-list-mask-refusal/
The problem with this behavior, as mentioned above, is that Delta Airlines is a Transport company, NOT a medical institution or regulatory body, nor is it a law enforcement agency.
More than 80% of the people listed on the no-fly list, were not wearing masks in states that did not require compulsory the wearing of masks in that particular state of embarcation. Delta upper management claim that they are following laws and the best practices of the CDC, however the CDC actually says that wearing of masks is NOT effective in stopping the spread of a 'virus', as well as all manufacturer's labelling of facemasks used, by Delta Staff, also confirms that the masks do NOT stop the spread of viruses. Therefore because Delta Airlines is a Transport company and it relies on it's customer base to continue to fly with Delta, WHY would the CEO Ed Bastian, prefer to endanger the core business of Delta and it's reputation for customer service, in place of virtue signalling?
Even in the above Delta Airlines article mentioned, you will see a photo of a cleaner, cleaning the seat table with gloves and a cloth, professing to 'stop the spread of the virus' yet the person in the photo is not even wearing a mask! Talk about contradictory!
WE DO NOT PAY MR. ED BASTIAN'S SALARY TO BE A SOCIAL JUSTICE WARRIOR AND VIRTUE SIGNALLING NUTCASE !
b) As mentioned many times, Delta Airlines is a Transport company, NOT a Law Enforcement agency or a Medical regulatory body or agency. Delta Airlines are NOT licensed to give medical advice, nor are they licensed law enforcement. So the question needs to be asked, because Delta do not have a medical or law enforcement license, WHY are they allowed to continue to punish customers that are loyal to Delta Airlines? Does Delta Airlines staff not know what loyalty and good business means? It is not the job of Delta Airlines to police wearing of masks or the 'spread of the virus'. All Delta airlines should do is follow guidelines for staff and customers, however it must be understood that the ownus is on the customer to comply with constitutional and state law. Delta do not make the laws, they are not a law enforcement agency and they are not licensed medical staff. Leave the law enforcement to the law enforcement agencies and the licensed medical professionals.
Why does this matter? Because CEO Ed Bastian is NOT doing his job and in my opinion should be replaced with someone who understands business that isn't politically motivated or a virtue signalling lunatic.
4/ Political Bias/Affiliations is of grave concern because Delta Airlines should be a customer focussed business that relies on more customers flying with the airline providing exceptional customer service and NOT a adjudicator of political bias or a exclusionary service based on people's race, color or creed. Customers that fly with Delta Airlines are from all walks of life and differing political sides. Delta Airlines has NO PLACE to deny passengers the ability to fly (thus contribute to the Airline's profit/bottom line as this is what business is about). Today I have read an article that was the last straw for me, which has forced me to sell ALL my Delta Stock because it is no longer a viable business model, but more rather a social justice warrior platform for disgruntled virtue signallers that have no intention of growing a customer orientated airline which relies on the very customers that Delta are marginalising.
Here is just one example of the Delta Airlines upper management madness: https:// www . conservativereview . com /delta-bans-trump-supporters-who-heckled-republican-senators-at-airport-from-flying-on-airline-2649938829.html
In this article, Delta Airlines announced that on Thursday 14th Of January 2021, it has banned people that were classified as 'Trump supporters', thus from a particular political affiliation/wing.
As mentioned above, the function of Delta Airlines is supposed to be customer orientated service and inclusionary (not exclusionary / discriminatory) practices. As the article clearly shows, there is clear DISCRIMINATORY BEHAVIOR which is not only illegal, it is also contrary to good business and social standing. It is NOT the function of Delta Airlines to enforce law as Delta Airlines are NOT law enforcement and it is certainly not good business to marginalize or restrict ANY PERSON based on any discriminatory or political bias. Yet it is clear that the CEO of Delta Airlines, Mr. Ed Bastian, is clearly a democrat or at the very least, politically biased. Mr. Ed Bastian is NOT PAID A SALARY TO BE POLITICALLY BIASED and to BAN CUSTOMERS FROM FLYING DELTA !
If Mr. Ed Bastian was seriously concerned about those particular Delta Airlines customers (that under his request, have been banned), he should have raised the issue with licensed law enforcement and not take it upon himself to judge people. Additionally it should be noted that Delta Airlines is NOT a judge and jury, they do NOT determine who is guilty or not, that function is for a proper court of law and or jury of peers, NOT an airline.
If this is not a clear enough example, then the equestion MUST BE ASKED, WHY has Delta Airlines CEO Mr. Ed Bastian, NOT put Senator Tim Kaine, Kathy Griffin, Loretta Lynch, Sarah Silverman, Madonna and Snoop Dogg, (just to name a few of MANY), on a no fly list ? Political Bias has NO PLACE in Business and it is not only a disgrace but also against proper business practice which should have already resulted in Mr. Ed Bastian's removal. Here is the PROOF of the names just mentioned that were promoting VIOLENCE AND DESTRUCTION against the President and his family and supporters.
https:// conservativepost . com /here-are-10-times-democrats-called-for-violence-against-trump-and-republicans-since-election-day/
Here is yet an explanation on WHY CEOs should not engage in cancel culture: https:// www . thegatewaypundit . com /2021/01/ceos-prosecuted-criminally-rep-devin-nunes-calls-criminal-charges-tech-giants-video/
And when this happened: https:// www . thegatewaypundit . com /2021/01/flashback-storming-us-capitol-ok-2018-democrats-communists/ Did Delta CEO Ed Bastian add these people to the no-fly list? No he didn't!
For those of you that disagree with my analysis, I request that you put yourself in my shoes and when you hold a significant amount of value/stock with Delta, and you see this kind of behavior, and when you analyse the value/chart (the chart never lies) and you see such a dramatic drop, with core indications that this particular company is headed for disaster, mostly due to it's attitude with it's customers, then the only logical step is to dump ALL STOCK and invest money more sensibly into a much more productive company such as Tesla who's CEO and staff do not spend their time virtue signalling and cancel culturing the very customers it relies on.
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Now for the TECHNICAL ANALYSIS:
After a significant period in a Markup Channel, a Level 3 had formed with a High of $63.44 before a small correction and then a significant dump initially due to the Covid situation.
Price action then followed swiftly to break the bullish trend at around $51.54 before plummeting to a low of $17.51 which is a drop from the high, of a whopping $45.93 or almost 73% !!!
A correction ensued to a high of $43.76, however in lieu of the current circumstances noted above in the fundamental analysis as well as the market structure being in a Level 1 pattern, the next destination is a bearish drop again to around an area which I evelive would be to approx $9.89 with a corrective factor high at approx 18.38 where an Orderblock has been tested and will become a breaker once the drop to $9.89 for a level 2 structure is confirmed. The most troubling part of this is not over due to the fact that after a level 2 move has been completed, a level 3 must ensue.
In the chart above you will notice that I have made a Red line across from previous structure where a previous Double Bottom was formed. This is an area of interest where there is much liquidity stored and ready for 'collection' by MMs. The Low at $3.51 is also present which lends even more credibility to the area of interest, which is where I believe the bottom of this current cycle will end, at around $3.51 to $2.23.
Note that in the TDI indicator, we also see RSI just out of the full overbought area/cycle, which means we should continue to see more downward price action to complete the RSI pattern towards the oversold area.
Therefore based on all of the above analysis, I have now closed my position, effectively selling my entire stock of Delta Airlines, before the next move down occurs and another 70+% is removed from the value of the stock. This is also a big warning to Delta Stock holders, to DUMP before the inevitable happens.
This concludes my analysis for Delta Airlines (DAL).
GBPUSD OUTLOOK FOR 13TH JAN 2021This is my analysis and expectation on the pound today - GBPUSD. Expecting price to push high taking out the top level then give a PRICE ACTION SIGNAL to sell come London market open...Now we wait... Get your sniper ready 😂😉 #gbpusd #forextrading #EducationalPurposes #forex #ForexTraining #ForexTeaching #forexclasses #PriceAction #ICT
DXY (Dollar Index) Some areas of potential reactionHere are some areas on DXY / Dollar Index / DX1! which are potential areas that could trigger a reaction.
Remember, don't trade these zones by themselves - but use a lower timeframe, like Daily or 4H to find the trading opportunities.
These zones on the weekly chart are a reference to what are some primed areas based on the history played out!






















