Short

XRP 2018 bear year

Updated

This is how I see things. I certainly won't be going back into XRP until there is clarity.

Looking at the chart this is the most obvious possibility. I can't see XRP heading anywhere but south right now.

The only reason we scored these great dollar values is because Bitcoin became so expensive by this point I don't believe new users played a significant role. We've been at these levels in the BTC market before and this time we didn't even reach the ATH.

Maybe we go on up, maybe we don't. This is just an opinion, either way the risk here is massive.

Note

XRP is going to shoot up a lot during BTC bounces, some good short-term opportunities just don't plan on holding.

Note

Finally updating this. So you can see I was a mega bear in January haha. I thought originally that everything was so easy. The cryptoverse is fractal and just repeats on simple and extremely obvious cycles that only geniuses like me had spotted. Well I'v come to two conclusions since then 1) I'm no effing genius and 2) history does repeat, but it's never the same. We are building XRP 2018 from the same fractals as before, but the dynamics of the market have so far been different than last year. We have maintained crucial support of the 200 daily simple moving average (that's such an important thing in crypto it seems). Whereas in 2017 we fell right through, in 2018 we've successfully retested it twice. The market is still looking bullish. Right now I don't count on XRP going way down like last year.

Note

Here is a fractal comparison. I'v split the fractals into 3 sections and marked where I think we are. It's highly subjective, but I think some might agree with me here. Pick out the more conspicuous features as landmarks

RealMcafee

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.