MagicPoopCannon

71.5% Collapse Since My First XRP Warning! RIPPLE!

BITFINEX:XRPUSD   Ripple / Dollar
Hi friends! Welcome to this update analysis on Ripple! Let's jump right in. Looking at the four hour XRP chart, we can see that it has fallen significantly from the bear flag that we were discussing in my last post. If you recall, I said " Looking at XRP, this is what I think. If the bounce was all that it's cracked up to be, we wouldn't be getting stopped cold at the bottom of the blue trendline . Do you see what I'm saying? We sure sailed right through it on the way down. Now, after the bounce that so many are proclaiming has solidified "the end of the bear market," it can't even get back above the blue trendline?! Please. I know failure when I see it, and so far, this looks like a failed bounce." Looking at the chart, you can see that XRP began to drop like a rock, right after I published that analysis. It's in an area of very little support, and it's likely only a matter of time before XRP reaches my symmetrical triangle target. With that said, I do believe that XRP could easily continue to plummet through the target area. We will have to see how XRP reacts if/when it gets there. If you look to the left side of the chart, you can see that we're testing some support that was found near the blue 1, on Dec 15th. Needless to say, I doubt that little guy will provide the bear market ending support, that everyone so desperately wants.

This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place! Please follow, comment, like, and share on social media. Good luck trading everyone!

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

-MPC loves you-

-JD-




The original XRP warning...

Great call. Great charts. We posted pretty much the same thing and got the same hate mail from the same STUCK LONGS with no charts to post their positions. We've been doing this over 15 years and we'll see XRP BELOW .30c in the future. Good luck.
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Can we get an XRP update
+4 Antworten
hi,
we are waiting for 0.4 ies to buy according to your analysess.Is it still on your target or can we assume that this is reversal and buy from this level.
thank you
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Sorry if my question makes no sense. Someone please tell me what happens if, and again if, the price drops to zero, however, remains in the threshold boundaries. For instance, if i deposit $1k and open .1 cent lot, no matter what level the price falls to, even to 0, the maximum loss per .1 cent will be $-700 leaving extra $300 on the account. So my question is, when the price goes to zero does the account remain immune due to higher threshold boundaries, or does it blow? Thanks.
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Spot on well articulated analysis and follow up ! your post is one of the best few I have noted thus far .
+1 Antworten
I've spent a lot of years in the financial markets. I must say...Excellent analysis! Keep up the good work. Thank you.
+2 Antworten
Some reaction since 8H GMT , not break low line of down trend yet , but i see a mirror move on it, what you think?
+1 Antworten
Posts are good n' all but, it's like.. you are just trying to prove that you were right rather than giving knowledge, or more precisely, the knowledge bombs are your ego blowing out. Confidence is one thing, and you are good thats another thing, but this.. dude, this is pathological. Just be careful, you might get in an accident while looking at yourself on the mirror.. Just sayin', and just so you know, I'm following every post you provide and thanks for all that. Everyone here already trusts you, so you dont need to prove yourself, and I believe we all rather appreciate more of your knowledge and experience.

Have a nice day
+25 Antworten
@Kjakail, I actually hope he has a poopy day

The arrogance is astounding
+3 Antworten
@Kjakail, It's self esteem, not arrogance. He was right and he updated on it. On this market with the right decisions anybody can become a millionare in 1-5 years. A lot is in stake here...
+3 Antworten
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