Potential upside is tremendous, as derived from the T@M signal on chart. I expect the rally to rapidly progress after the 26th. Best of luck if joining me and my clients on this trade.
Cheers,
Ivan Labrie.
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After tomorrow's daily close I can determine at what price to add to longs confirming the breakout during the 26th.
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XRP is acting strong, now showing it is accumulated and ready for a move anytime soon
交易手动结束
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I think now is a good time to exit with a bit less loss...very real risk it tanks to 7 cents.
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This might help others:
"Squids IvanLabrie 4 hours ago @IvanLabrie, Hi, Ivan, great respect for your work and skill. I wondered what you thought about over half the XRP supply being committed to be put in escrow by the end of 2017. First is that as bullish news as it would basically suggest, second how would the TA prepare us for how the price will react to the news, and/or is it in the time coming up to the news that market sentiment will change and that will be reflected in the charts? Reply
IvanLabrie PRO Squids just now @Squids, this is already priced in by the market. It has acted weak despite seemingly positive news, and now underperforming even when there is no mining supply, only the XRP developers gradualy selloff. I think it is a cash out scheme for their coin, it doesn't look like XRP will actually be worth anything in the long run. I'm not buying it again, performance vs BTC and EUR is not good now, that is a signal of weakness, and can be seen in many alts. After all, my goal is to perform equal or better than bitcoin, otherwise, why buy altcoins? Now, ETH is performing good, and BCH is also interesting to trade back and forth. XRP, largely irrelevant. Don't be caught up bag holding alts just because...not good."
Tempted to enter here but I feel like the whole cryptocurrency space is about to go through another massive correction. Especially given the Coinbase ETHUSD debacle from today.
stckpkr70009c
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Bought in at .14ish. I suspected we would get another thrust down, but a little luck never hurts either.
rippleguy
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Will a breakout still happen?
stckpkr70009c
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@rippleguy, personally, a dip below .20 wouldn't shock me. Maybe even .15ish or so. Test the most recent dip from 2-3 weeks ago.
ExcitingTechnology
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I'm in this trade with you @IvanLabrie so let's make it rain buddy (kidding kidding - let's just make it go to previous all time highs plz :)). As always, thanks for sharing the tread and insight into the currency. Cheers.
abuhossam1000
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@ExcitingTechnology,
I think the high vilume of trading over the last 2 days is a very bed sign. I reflects high a ctivity by rich traders for selling.
IvanLabrie
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@abuhossam1000, this analysis is a bit too vague, and who knows how you figured this out...volume can mean a multitude of things.
abuhossam1000
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@IvanLabrie,
It is from a long experience with shares stock exchange. Whenever there is a sudden increase in volume/24 hrs , it is followed by a painful drop in price.
Vaggitarian
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Thanks for this Ivan. Really appreciate it. I will just buy and hold some long term.