UnknownUnicorn3574358

UnknownUnicorn3574358

Nothing much to write. Rising wedge, decreasing volume, bear flag. Down.

UnknownUnicorn3574358

MakerDAO's vaults are very close to mass liquidations. If this happens 1.8 million ETH will be market sold driving the price of all crypto to zero in the blink of an eye.

UnknownUnicorn3574358

You won't have seen this elsewhere on Tradingview. This is the news no one wants to hear but there is no new money in the system. Public interest has decreased. The bubble is at its end. trends.google.com

UnknownUnicorn3574358

The bloodbath is just a click away, whales have the button

UnknownUnicorn3574358

The price action needed to re-take and secure 25c, instead it has painted an almost perfect bear flag. We're going down mayday mayday

UnknownUnicorn3574358

Was this whole thing just a big bubble from 2017 to present? What real value has been produced in this system? Bitcoin is still as broken as it ever was. Ethereum has spawned 3000 ponzi schemes and maybe half a dozen contracts of real use, all of which are miered by the oracle problem. The eth network has about 10,000 daily users, which is pathetic. XRP has...

UnknownUnicorn3574358

Everyone wants to know why this is pumping? Because it's in a short term bubble. Correction is almost here as it forms a double top with falling volume. Expect fall to historical average value.

UnknownUnicorn3574358

The fundamentals: Lots has changed in the past week or so, most notable the securities lawsuit being allowed to go ahead. This places a sword of damocles over XRP for at least the next two years. Fundamentals would have been strong but now look increasingly weak, as Ripple refused to argue the merits (whether or not XRP is a security) and instead focused the...

UnknownUnicorn3574358

The chance for a new bull market is rapidly disappearing now. We may not even get a right hand shoulder on previous potential H&S pattern, straight down to 6.4k.

UnknownUnicorn3574358

Failure to re-take 25c means we're likely to fall off the cliff painted in 2017. With global markets looking weak, with BTC looking weak and with the pending class action allowed through suddenly what looked bullish just a few days ago is looking very bearish. To the upside you have $1 even $10. To the downside you have around 10c. No one knows what will happen,...

UnknownUnicorn3574358

If this is supposed to be a bull run it has some of the weakest early price action a bull run has ever seen. Here we have a clear down trend with a clear rejection and a H&S forming. It seems inevitable given the global financial climate that such a weak rally can't last. Bull run is over before it even started.

UnknownUnicorn3574358

And BTC will drag the whole market down with it.

UnknownUnicorn3574358

The invisible support line no one even knew was there forms a symmetric triangle. Hype has drained from the market now only fundamentals remain, and the fundamentals are good.

UnknownUnicorn3574358

It's too easy to be bearish on XRP, the market sentiment dreamed up by maximalists of other coins is extreme. But let's flip the chart and look at this without emotion. With no other information if you had to guess where this chart was headed next, you'd be wise to pick $1.00. It's a simple analysis. There's nothing wrong with XRP as a cryptocurrency. Yes it has...

UnknownUnicorn3574358

You might think the bull is over before it even began but the weekly tells a different story. Very clear inverse head and shoulders, the cup and handle on the daily making up the head and right shoulder. Wicks point to an upward trend. Reversal happened already at 17c. The incredible bearishness on XRP is unfounded, as one of the only coins with continually...

UnknownUnicorn3574358

When shorts collapse price will explode

UnknownUnicorn3574358

Cup and handle pattern seems to be confirmed leading into large ascending triangle

UnknownUnicorn3574358

Coming off a cup and handle this up spike will lead the market for the next few days, possibly even the next few weeks