Very bearish for the altcoin. And in combo with other short/long quantity graphs on bitfinex of other altcoins and btc, looks very bearish for the sector
Following on from our previous prediction we're of the opinion XRP shorts will continue to collapse due to the market reversal and nothing but positive news all year about XRP
Hi all,
just taking a quick look at the XRPUSDSHORTS, which seem to be at a decisive point. If XRPUSDSHORTS convincingly fall below the yellow ascending trendline, the next medium term target would be the green box. Correspondingly, XRPUSD may be up for a new rally (3rd Elliot wave).
* Note that I am using the Log-scale.
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This information...
BITFINEX:XRPUSDSHORTS
Simple Simple Simple Short Squeeze on XRPUSD on BTFNX has caused this. masking it all with HYPE with news on XRP and Ripple.
Half of bears already squeezed out. I think this is master-play from XRP and Ripple's insiders. they just wanted to shake off bears so released news and pumped like hell.
XRP is not Ripple. When ever we hear about...
Here's a suggestion : ADD SHORTS AFTER A BULL TREND.
DOUBLE TOPS
GRAVESTONE DOJIS
BEAR DIVERGENCES
USE THEM PLEASE.
Yours sincerely, a dirty bagholder since 30 cents.
