The shorts on XRP/USD are at a record all time high right now. When viewing the weekly timeframe we can see that nearly every time we have a massive discrepency like that, we get a big dump of at least 30% in the following week. With up to 50-60% dump in the weeks after.
This would be a maximum pain scenario. First they flushed out all the leverage longs leaving...
Even my 4 year old daughter could figure what happens next on this chart. A BIG RED CANDLE enters and destroys everyone short positions.
People shorting XRP is at an ATH!!!! CRAZY if you ask me! Yes we had a "healthy" and scary "CORRECTION but we have V bottomed perfectly on the FIB retracement level.
Have people have lost faith in XRP and are shorting it to...
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...
