Users Online Now:
1,895
(
Who's On?
)
Visitors Today:
717,435
Pageviews Today:
1,153,575
Threads Today:
458
Posts Today:
6,829
12:21 PM
Directory
Adv. Search
Topics
Forum
Back to Forum
Back to Thread
REPLY TO THREAD
Subject
XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
User Name
Font color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Indigo
Violet
Black
Font:
Default
Verdana
Tahoma
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:T-Man:MV80NzcxMzkzXzg4NTg0MTM1X0ZGODc4RUJF] [quote:Anonymous Coward 47150689:MV80NzcxMzkzXzg4NTgzOTQ0XzU0MDU0MUVF] [quote:T-Man:MV80NzcxMzkzXzg4NTgzNTA5XzQ3QzIwMTMz] [quote:Mr. Cheeze:MV80NzcxMzkzXzg4NTgzNDA1XzRGQjYyNzJG] [quote:T-Man:MV80NzcxMzkzXzg4NTgzMTQ1XzJEMTEyMEMw] [quote:Anonymous Coward 46809220:MV80NzcxMzkzXzg4NTgzMDI3Xzk0ODc4QzVE] [quote:Mr. Cheeze:MV80NzcxMzkzXzg4NTgyOTcxX0I3RkU4MUM3] [quote:Anonymous Coward 46809220:MV80NzcxMzkzXzg4NTgyOTMyXzRBOUIxNTc5] BTC has the most glaring clear as day textbook gigantic head and shoulders. It's going to 10k minimum and every alt is going with it. Look at the chart for 5 seconds. [/quote] It is. But not yet, imo. Too much bullish divergence happening on daily timescales across multiple assets on multiple oscillators. [/quote] Oh your day trading. That'll work out well. It's not going higher than low 30's Too much time in 30's. Hope is gone. BTC needs some blood/fuel.. 24k seems good for a little bounce [/quote] What type of fuel? Like a televised event with Elon to promote bitcoin? ghehehe what is the head and shoulders thing even based on? other than the look of the graph. like what motivates the movement? Or is it merely an observation? [/quote] A head and shoulders shows that there are increasingly less buyers in a market over a period of time. 1...........2............3 ............BBB.... ............B....B.... BBBB....B.....B....BBB B....B...B......B....B...B B....BBB.......BBBB....B ___________________ 4. B............................B 5. B............................B B............................B 0. Start above at the 0. Follow the B's through the numbers 1,2,3,4,5 in order. The 1 impuse was buyers pushing a price up The 2 impuse was buyers pushing it even higher The 3 impuse was buyers trying to push it up higher but failing at the same line as impulse 1. It implies there are less people buying. More people selling. As soon as it breaks below the 4 which is called the "neckline" it is confirmed as valid head and shoulders. Until it breaks below the 4 it is only theoretical and not at all guaranteed. It could go up again. Once price reaches the 5 it is confirmed a head and shoulders and doom happens. [/quote] So basically its just a name you can give to a part of the graph in hindsight? (or is that too simple?) so if it does go up from here its simply no longer a head and shoulder pattern? or i mean its still a complete head and shoulders that transformed into a second head? but overall it would make most sense for people to lose all hope now and for it to completely collapse down the arm. the timing of tomorrows btc event is kind of special imo. even tho, like you, i dont give it any power, but it can be used to sell a market change.. (that might be organized) i dont give elon this power at all. but people keep referring to his interview or negative comments as the 'start' of the second shoulder back in may. we will see. interesting time [/quote] Head and Shoulders pattern...and all patterns...are based on human psychology. Pain and pleasure. Head and Shoulder Pattern is basically the tiny pleasure from first shoulder, then ecstatic pleasure from head, then a painful realization it was not a meaningful move when goes back down to the last shoulder. At that point you realize you are right back at where you started. It invalidates the entire pattern. those buying at first shoulder are even(after seeing huge gains disappear) those who bought in the head are losing money and those buying at the last shoulder are betting on volume from news or fundamentals or they just don't see it... What usually happens is the last shoulder breaks downward and you get the first shoulder buyers feeling pain...and they sell.. The head buyers who didn't sell yet definitely sell...and the last shoulder gamblers usually sell as well... You basically blow up the entire price action. BTC has a massive one now threatening to invalidate most of run from winter.. Nothing is guaranteed. But these are the psychological forces... Whos making money right now? Who's losing money? How does this effect decision making? it usually breaks down in this pattern because even if it goes up initially everybody who bought in the head is trying to cut loses or break even so they sell.. Everybody who bought at first shoulder is desperate to sell at a little profit after seeing big gains disappear into break even... And last shoulder buys usually understand the other two motives and sell for profit on a day trade. All these reasons is why head and shoulders usually indicates further downward movement. [/quote] Thank you (and Cheeze also!) for the head and shoulder info. so the pattern is basically late retail investors reacting to the first shoulder? what caused the first shoulder? what kicked it off in October? [/quote]
Original Message
Hey guys. I'm about to tell you something you do want to hear and something you don't want to hear. I'm going to tell you what you do want to hear first because I know how you guys cover your ears screaming
at the top of your lungs whenever someone says anything detrimental to the future of XRP's price.
____
Good News
____
XRP will moon one more time after where it is right now. It's looking like XRP will end the bull run around August at around 5$, maybe 5.50$.
___
Bad News
____
XRP is about to crash 50-70%. I think it's going to crash down to 43-50 cents and I think it happens in the next 3 weeks. It might not crash that far... but it's definitely crashing a ton. I think it will stay below a dollar for about a month. It will spend the next 2 months between 1-2$.
____
End Game
_____
So what I'm saying is if you want to buy XRP wait 2-3 weeks for this ultra crash to 43-50 cents.
Sell XRP when it hits 5$ in the end of august/beginning of september. It will be above 3.50$ (all time high) for 3-4 days, TOPS.
You guys will think the XRP bull run has just begun since it just finally broke all time high.
The reason it stops there is quite simple. XRP can only increase the same % that bitcoin increases. Bitcoin is going to 200k or so. That means bitcoin will go up 5000%. Essentially going up 50 times in value.
XRP bottomed at basically 10 cents. When XRP goes up in value 5000%, or 50 times in value... anyone. How much are 50 dimes worth? Congratulations. 5$.
XRP bullrun ends in August very near 5$. It will be above 3.50$ for 3-4 days, tops. You heard it here first. But you don't believe me. You believe XRP will go to 100$, or 500$, or 10000$. It's not. It's going to 5$. I'm hoping to help some of you actually make money this final moon in august.
Hopefully you believe i'm not an idiot when XRP drops to 43/50 cents in a few weeks.
Hopefully you believe me when XRP hits 5$ exactly in the middle of august to the beginning of september.
When both of those things happen... if you don't sell any of your XRP you deserve to be wrecked when it falls 90-95% in value over the next 2 years.
Some time in 2022/2023 XRP will be worth 30-40 cents again. Then we begin another very long and slow 4 year bull market. Welcome to crypto.
***Edit on 5/4/2021***
I now think xrp could be dumping down to 22-23 cents. I think the dump ends on may 20-22nd. We will see just how far down this goes. 43-50 was my initial target. It's now potentially 22-23 cents.
Pictures (click to insert)
General
Politics
Bananas
People
Potentially Offensive
Emotions
Big Round Smilies
Aliens and Space
Friendship & Love
Textual
Doom
Misc Small Smilies
Religion
Love
Random
View All Categories
|
Next Page >>