Ripple in a channel [Legendary Analysis]
Updated
I just would like to sum up Ripple analysis by "1 million soon" retail printed out of thin air magic beans investors.
"Uuuuh but muh government fiat is printed out of thin air too". Haha find me the idiot that told people to invest long term in fiat currencies.
*********
As you can see, Ripple is clearly in an uptrend. Market cycle return to the mean.
Wowow wait give me a second.
Wait no this was wrong. Pff, every one knows you have to use a log chart duh!
Oh wrong one, wait a second.
AHA!
Oh for crying out loud
Give me a second.
Emm so give me a second, looks like we are getting a discount on ripple.
Who is crazy enough to sell at this price? (Founders that got a basis price of zero).
Hum wait, in all charts, the price falls below the mean, and then returns to the mean.
This is actually perfectly normal.
"Uuuuh but muh government fiat is printed out of thin air too". Haha find me the idiot that told people to invest long term in fiat currencies.
*********
As you can see, Ripple is clearly in an uptrend. Market cycle return to the mean.
Wowow wait give me a second.
Wait no this was wrong. Pff, every one knows you have to use a log chart duh!
Oh wrong one, wait a second.
AHA!
Oh for crying out loud
Give me a second.
Emm so give me a second, looks like we are getting a discount on ripple.
Who is crazy enough to sell at this price? (Founders that got a basis price of zero).
Hum wait, in all charts, the price falls below the mean, and then returns to the mean.
This is actually perfectly normal.
Note
I'm looking at xrp a bit. Curious. I would backtest triangle flags.Might be worth looking at.
Price in an inside bar too.
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