DarraghCasey

Ripple dump incoming

BINANCE:XRPBTC   Ripple / Bitcoin
Ripple has hit amazing highs and is now due for a pullback, especially with BTC             breakout now happening.
Iv sold all my ripple and waiting to find good support before I buy again.

Yellow line indicates when I sold my ripple
I was thinking XRP is was going to drop mostly because of BTC rebounding.
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Don't you see the pattern is the same in all corrections? On your chart there are three corrections and the fourth on which you are basing your TA opinion is just the same. So the question is what is different with the fourth correction, that you are confident of a dump?
+1 Antworten
@dregos, Overly extended MACD, Almost a 90 oversold RSI & as i mentioned BTC now breaking out. Dump is coming
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@dregos, Curious about your thoughts now Dregos
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dregos DarraghCasey
@DarraghCasey, Nice catch. I was just asking by the way. However I don't think this is entirely XRP's fault or trajectory or something. Currently most crypto is being dumped and the avalanch started, in my opinion, when CoinMarketCap removed Korean markets.If we look at only XRP, the hype of incoming news did not yet stop. So dumping is a bit ilogical at the moment. Yet based on Tehnical analysis it is very logical.
+1 Antworten
dregos dregos
@dregos, P.S. Do you think it will pass the low support level at 10.000 or it should reverse?
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@dregos, I could see a bounce happening at 10.000 but would expect that to drop/Dead cat bounce. You are correct the recent news changes things lets see. I put my BTC into USDT
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@dregos, Its coming down perfectly, I would treat 10,000 as a good buying opportunity
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