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XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
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[quote:nemo_solus:MV80NzcxMzkzXzg4NTg2NTY2X0I2Rjk0QjE2] [quote:Anonymous Coward 47150689:MV80NzcxMzkzXzg4NTgzOTQ0XzU0MDU0MUVF] 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] Thanks for your perspective - that is really the best explanation I have heard of the emotions and psychology behind the pattern. Very interesting! Also worth mentioning is that you can have an inverted head & shoulders pattern as well. I've posted this chart before a bit further up the thread. It's a very ugly H&S, so not valid from a "purist" technical point of view, but I see it still as a possible pattern that could play out: [imgur]https://imgur.com/a/XLfFDxY[/imgur] [/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.
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Good News
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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$, maybe 5.50$.
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Bad News
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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$.
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End Game
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So what I'm saying is if you want to buy XRP wait 2-3 weeks for this ultra crash to 43-50 cents.
Sell XRP when it hits 5$ 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.
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