We should fall off a cliff soonish, if I'm wrong.
If I'm right? The past two years have been the longest shakeout ever.
The fractal is just a previous pattern of a prior breakout on a weekly chart applied over a shorter-term chart to give us a sense of overall volume during the same prior period. It gives a good idea of prior market indicators and what we may lack in the current view. This is where it is troubling to me, and we need volume. To Moon, we need buyers to enter the market.
If buyers don't show up, we may see a further slide on pricing. Lines are just lines on charts unless they have actual data behind them. The prior floors can still hold, and roughly $0.50 is a decent liquidity cost for a banking transaction (that's the OG utility).
So, in addition to buyers, we need mass also to enter the marketplace. Usually, moving actual physical value costs a lot in security, insurance underwriting, and transit times. So keeping a lot of different cash reserves in the localities makes sense if you have operating costs but doesn't when you want to pay the shareholders and the C-Suite compensation. That's going through the private banking system, which is another ledger the big-big boys keep. We're waiting for the company to tap the On Demand Liquidity of the XRPL chain that allows the waves to start riding back and forth. Right now. We don't see that just yet.
But I'm patient. I'm happy to slice off more DCA chunks and wait for the fireworks.
If I'm right? The past two years have been the longest shakeout ever.
The fractal is just a previous pattern of a prior breakout on a weekly chart applied over a shorter-term chart to give us a sense of overall volume during the same prior period. It gives a good idea of prior market indicators and what we may lack in the current view. This is where it is troubling to me, and we need volume. To Moon, we need buyers to enter the market.
If buyers don't show up, we may see a further slide on pricing. Lines are just lines on charts unless they have actual data behind them. The prior floors can still hold, and roughly $0.50 is a decent liquidity cost for a banking transaction (that's the OG utility).
So, in addition to buyers, we need mass also to enter the marketplace. Usually, moving actual physical value costs a lot in security, insurance underwriting, and transit times. So keeping a lot of different cash reserves in the localities makes sense if you have operating costs but doesn't when you want to pay the shareholders and the C-Suite compensation. That's going through the private banking system, which is another ledger the big-big boys keep. We're waiting for the company to tap the On Demand Liquidity of the XRPL chain that allows the waves to start riding back and forth. Right now. We don't see that just yet.
But I'm patient. I'm happy to slice off more DCA chunks and wait for the fireworks.