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XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)

 
Anonymous Coward
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07/20/2021 05:46 PM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
Look at all that institutional buying!
Anonymous Coward
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07/20/2021 05:47 PM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
I really do think 1763$ is the move though. Within the next 2 hours and 15 minutes sometime. Gonna buy 1763 with another .5% stop loss and see what happens.
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07/20/2021 05:48 PM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
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.
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07/20/2021 05:51 PM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
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.
 Quoting: Anonymous Coward 46809220


It is. But not yet, imo. Too much bullish divergence happening on daily timescales across multiple assets on multiple oscillators.
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07/20/2021 05:55 PM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
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.
 Quoting: Anonymous Coward 46809220


It is. But not yet, imo. Too much bullish divergence happening on daily timescales across multiple assets on multiple oscillators.
 Quoting: Mr. Cheeze


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
T-Man
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07/20/2021 06:01 PM

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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
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.
 Quoting: Anonymous Coward 46809220


It is. But not yet, imo. Too much bullish divergence happening on daily timescales across multiple assets on multiple oscillators.
 Quoting: Mr. Cheeze


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
 Quoting: Anonymous Coward 46809220


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?
Anonymous Coward
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07/20/2021 06:02 PM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
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.
 Quoting: Anonymous Coward 46809220


It is. But not yet, imo. Too much bullish divergence happening on daily timescales across multiple assets on multiple oscillators.
 Quoting: Mr. Cheeze


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
 Quoting: Anonymous Coward 46809220


I agree entirely. It's coming up 10-15%, tops. Then it's crashing 75% during august.
Anonymous Coward
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07/20/2021 06:15 PM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
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.
 Quoting: Anonymous Coward 46809220


It is. But not yet, imo. Too much bullish divergence happening on daily timescales across multiple assets on multiple oscillators.
 Quoting: Mr. Cheeze


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
 Quoting: Anonymous Coward 46809220


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?
 Quoting: T-Man


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.
T-Man
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Netherlands
07/20/2021 06:21 PM

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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
...


It is. But not yet, imo. Too much bullish divergence happening on daily timescales across multiple assets on multiple oscillators.
 Quoting: Mr. Cheeze


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
 Quoting: Anonymous Coward 46809220


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?
 Quoting: T-Man


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.
 Quoting: Mr. Cheeze


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
Anonymous Coward
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07/20/2021 06:37 PM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
They are just telling everyone that elon has this power to keep people believing in mystical reasons for why markets capitulate. They don't want you to realize this is all very scientific. They want everyone dumb. A dumb population is controllable.

They want you to believe coronavirus causes this crash in the stock market too. That's why they'll shut down the world when the stock market finishes crashing.

They don't want you to know it's all guaranteed to happen right now already and bitcoin's fate was guaranteed long before elon started talking.

Elon is the fall guy for why bitcoin will crash to 8k or whatever.

In actually it's just natural market activity.

Remember, they are going to shut down the world for this great depression level event i'm foreshadowing. They're blaming it on coronavirus and elon musk and gamestop and AMC and china and russia and BLM riots and whatever.

All the noise is bullshit. They are stealing money from people. That is the goal. That is the endgame. Everything else is just a little sugar to make you guys take your medicine with a smile on your face.

These politicians and media people are EVIL fuckers man. Really fucking evil. They are criminals and deserve the worst punishment imaginable from crimes against humanity.

This is the great reset. It's a theft of everyone who is invested in anything.

They want their stimulus back.
Anonymous Coward
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07/20/2021 06:38 PM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
Ethereum is 9$ away from where i'm buying btw. 1763.
Anonymous Coward
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07/20/2021 06:48 PM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
...


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
 Quoting: Anonymous Coward 46809220


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?
 Quoting: T-Man


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.
 Quoting: Mr. Cheeze


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
 Quoting: T-Man


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.
T-Man
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User ID: 78270630
Netherlands
07/20/2021 06:59 PM

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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
...


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?
 Quoting: T-Man


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.
 Quoting: Mr. Cheeze


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
 Quoting: T-Man


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.
 Quoting: Anonymous Coward 47150689


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?
Anonymous Coward
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07/20/2021 07:00 PM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
ok nevermind. the money i took out of binance by converting it to ADA simply has to go back to binance.
it was all the German guys fault for making me scared of using binance...
 Quoting: T-Man


i'm still in binance. not worried. way too much market share. but, you never know. i'm more worried about tether
 Quoting: JJ Johns


......did you not know binance holds more tether than any other exchange and they always use it for leverage? If tether fails binance goes under
Anonymous Coward
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07/20/2021 07:07 PM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
...


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?
 Quoting: T-Man


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.
 Quoting: Mr. Cheeze


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
 Quoting: T-Man


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.
 Quoting: Anonymous Coward 47150689


BTW, this is a spectacular explanation of the psychology behind a head and shoulders.
Anonymous Coward
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07/20/2021 07:15 PM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
For the record I do think we are in a pseudo head and shoulders and also a descending triangle.

I think the bitcoin descending triangle plays out first. All crypto drops 50% in value. So bitcoin 14k would be next for the descending triangle target.

I was overshooting the first drop with my 8k target. I think 14k this first drop down.

I expect a short pop up from 14k (or 8k or whatever). I have a better handle on ethereum right now so i'm trading ethereum.

I expect doom part 2 to happen after this dead cat bounce from 900$ ethereum.

Doom part 2 will complete the head and shoulders target.

Doom part 2 happens when the S&P500 is at the bottom of that chart. Doom part 2 happens when we lock down the world to save us from the invisible boogieman who is stealing all our money.

Coronavirus (cough cough).

By the way. Money doesn't disappear how politicians tell you it will. Money EXCHANGES HANDS. It does NOT disappear.

They are stealing from you. Plain and simple.
Anonymous Coward
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07/20/2021 07:21 PM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
...


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.
 Quoting: Mr. Cheeze


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
 Quoting: T-Man


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.
 Quoting: Anonymous Coward 47150689


BTW, this is a spectacular explanation of the psychology behind a head and shoulders.
 Quoting: Mr. Cheeze


I learned it from a trading guru and it really helps to have the perspective of human psychology foremost in your mind. So many variables in human thought it really hammers home the idea you cant predict anything.
nemo_solus

User ID: 78407417
Korea, Republic of
07/20/2021 08:57 PM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
With respect to the $1763 ETH target, from the perspective of the order book, I think the actual target is lower as there isn't much volume supporting the current price level:

https://imgur.com/a/YSIbzYL


Also, was interesting to see the order volume this afternoon up at $1850. I would interpret it as someone looking to keep prices from falling until they were out of a trade.
nemo_solus

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07/20/2021 09:11 PM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
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.
 Quoting: Anonymous Coward 47150689


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:

https://imgur.com/a/XLfFDxY
Anonymous Coward
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07/21/2021 12:19 AM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
Thanks for pointing out no stop loss = degenerate gambler. I won’t do that anymore. More ethereum analysis is appreciated
Anonymous Coward
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07/21/2021 12:22 AM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
Sr Cheeze, wut doing?

gains on your eth move today I see.

V nice
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07/21/2021 12:36 AM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
Thanks for pointing out no stop loss = degenerate gambler. I won’t do that anymore. More ethereum analysis is appreciated
 Quoting: Anonymous Coward 80636729


you never have a stop loss

you buy and HODL no matter what

this is a 5-10 year long term plan

don't check the prices
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07/21/2021 01:15 AM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
Sr Cheeze, wut doing?

gains on your eth move today I see.

V nice
 Quoting: Anonymous Coward 80398917


Sitting at 50% profit right now. I'm happy. Waiting to close this trade around 200% in a day or two and I'll start shorting the peaks. Not gonna ride the long all the way to the top.

But yeah, super happy it played out how I said it would.

I hope I'm earning some trust that 2150$ ethereum is the end of crypto as we know it. All crypto dies when ethereum is at 2150. About 4-6 days away.

For the record, I started with X dollars 5 days ago. I increased it times 150% down to 1700. I am increasing it 200% on the way up. This means I turned X dollars into 7.5X dollars. In about a week.

T.A. is fake. And i'm bad at it.

Once I short 2150... If 75% drop happens?

That original X dollars? It will be worth about 600X.

I will increase my money 600 times over in about 3 weeks with about 4 trades.

T.A. is fake though.
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07/21/2021 01:26 AM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
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:

https://imgur.com/a/XLfFDxY

 Quoting: nemo_solus


I feel like the bitcoin price chart is super scammy right now. It's not very clear what's happening.

I feel like the ethereum chart is super transparent and anyone with any T.A. abilities could score very easy trades like crazy.

The assets move together. Maybe not exactly but mostly together. In situations like this I am analyzing 20 different charts at the same time. I assess what I think the collective of all of them is and that is how I make my charting assessments.

Bitcoin I honestly can't tell what it's doing. It's kind of fucked looking to me. The rest of them are clear as day what's happening.

I feel this is by design. The whales are hiding the BTC movements as most people trade BTC religiously and nothing else. I'm happy to trade a shitcoin if bitcoin is super choppy.

Bitcoin wasn't making any bullish divergences really over the last day but literally 18 other charts I watch were making multiple bullish divergences on multiple oscillators. This let me know that bitcoin was definitely coming up. Just food for thought. When one situation is cloudy... assess others. Form a group opinion.
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07/21/2021 01:28 AM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
Thanks for pointing out no stop loss = degenerate gambler. I won’t do that anymore. More ethereum analysis is appreciated
 Quoting: Anonymous Coward 80636729


you never have a stop loss

you buy and HODL no matter what

this is a 5-10 year long term plan

don't check the prices
 Quoting: Anonymous Coward 17066700


I wonder if you're a noob or a whale giving dumb advice or a troll.
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07/21/2021 01:34 AM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
With respect to the $1763 ETH target, from the perspective of the order book, I think the actual target is lower as there isn't much volume supporting the current price level:

https://imgur.com/a/YSIbzYL



 Quoting: nemo_solus


Notice that the right third of this picture in the order book is a bullflag. It is price in a cluster on top of the cluster in the center of the picture. (Note: SHAPED LIKE A FLAG slowly falling down to the top of the central lower cluster)

This is how bullflags look. They are a flag that is on top of a previous price structure. This is how you identify long locations. Never long bottoms. Always wait for the bottom price cluster to pop upward. Long the NEXT cluster of price above the bottom cluster, once it falls down to the top of the bottom cluster. That's how I knew the 1760 area was my long target.
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07/21/2021 01:35 AM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
Safe to buy xrp or xlm now?
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07/21/2021 01:40 AM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
Thanks for pointing out no stop loss = degenerate gambler. I won’t do that anymore. More ethereum analysis is appreciated
 Quoting: Anonymous Coward 80636729


There are 5 types of trades.

1. a small loss
2. a small gain
3. a break even trade
4. a large gain
5. a large loss

Once you eliminate #5 from ever happening ever again... your trading becomes profitable and you win. It's a long game. It's not a get rich quick thing.

Today I had three 1-2% losses. I got kicked in the teeth 3 times trying to long ethereum.

I'm now sitting in a trade that will increase my money times 3.

so imagine 100 dollars starting out.

100 - 2% = 98$
98 - 2% = 96$
96 - 2% = 94$
94 + 200% = 282$

This is how you win. You only take a trade with a BIG profit potential so when you do win... it erases your last 10 losses and then some.
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07/21/2021 01:43 AM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
Safe to buy xrp or xlm now?
 Quoting: Anonymous Coward 80587550


Yes. for about 4-5 days. All crypto comes up for the next 4-5 days. XRP is coming up to at least 60 cents. Maybe 64.88 cents. It's at 54 cents right now. Not sure it comes up higher than that.

I'm expecting XRP at 23-30 cents by september.
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07/21/2021 02:08 AM
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Re: XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
Safe to buy xrp or xlm now?
 Quoting: Anonymous Coward 80587550


Yes. for about 4-5 days. All crypto comes up for the next 4-5 days. XRP is coming up to at least 60 cents. Maybe 64.88 cents. It's at 54 cents right now. Not sure it comes up higher than that.

I'm expecting XRP at 23-30 cents by september.
 Quoting: Mr. Cheeze


So what would you sugest buy some xrp set a sell price for when it tanks and transfer that into tether of we cannot get the fiat out?





GLP