Again, I don't really know anything about trading so this is purely my view on what will happen in the short term; continued from my longer position I posted a few weeks back.
XRP seems to be getting more and more bearish, along with BTC. A few bumps along the way is to be expected, especially with XRP but my main position is bearish. The accumulation phase might be just kicking in, XRP could go downward very quickly once the weak hands have seen that long term support broken. The good news in the media might only fuel the fire of those weak, selling hands - "There's so much good news and still it's going down in price, I'm out". Meanwhile, during this phase of anger and fear, the accumulation of XRP is in full force for the major banks, companies...and the domestic investor like myself.
My chart is pretty basic, simple Elliot waves plus my own fundamental opinion on what might unfold. I'm just looking for that long term support to be broken. If that happens I'm going to be there waiting to scoop up discount XRP for me and my family.
Let me know what you think of my prediction, I'm always looking to learn more and speak with investors.
XRP seems to be getting more and more bearish, along with BTC. A few bumps along the way is to be expected, especially with XRP but my main position is bearish. The accumulation phase might be just kicking in, XRP could go downward very quickly once the weak hands have seen that long term support broken. The good news in the media might only fuel the fire of those weak, selling hands - "There's so much good news and still it's going down in price, I'm out". Meanwhile, during this phase of anger and fear, the accumulation of XRP is in full force for the major banks, companies...and the domestic investor like myself.
My chart is pretty basic, simple Elliot waves plus my own fundamental opinion on what might unfold. I'm just looking for that long term support to be broken. If that happens I'm going to be there waiting to scoop up discount XRP for me and my family.
Let me know what you think of my prediction, I'm always looking to learn more and speak with investors.