Ripple (XRP) This is near the top.
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Ripple has had a surprising rally. However, it is starting to weaken and should slow soon. Keep in mind there could be a final rally but as long as you don't get liquidated by anything and hold this short for the next few months, you should be in great profit.
The last few XRP shorts made me over 40%. I will admit I tried to short near the 7000's a few weeks ago and exited at a small loss, but that was more of a boredom trade. In hindsight I should have just waited.
We can see bearish divergences starting. Therefore, you can start shorting now. I will enter near the red line.
Thanks for viewing! Anyone know the reason for this rally? I know there might not be one, but curious as to what is going on. I am getting a lot of questions related to XRP in the past few days so it could be partially retail.
The last few XRP shorts made me over 40%. I will admit I tried to short near the 7000's a few weeks ago and exited at a small loss, but that was more of a boredom trade. In hindsight I should have just waited.
We can see bearish divergences starting. Therefore, you can start shorting now. I will enter near the red line.
Thanks for viewing! Anyone know the reason for this rally? I know there might not be one, but curious as to what is going on. I am getting a lot of questions related to XRP in the past few days so it could be partially retail.
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Shorts are accumulating again. I don't think we will get a short squeeze as this is not as extreme.When it starts to look like BCH, you know there will be crazy short squeezes.
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I don't have a crystal ball, but I'm imagining something like this. Not
So hoping for at least another 6% pump.Not
9800 should be the entry on Bitmex. Near 9400 is the entry on Binance.Not
If you are worried, keep in mind retail is longing while Goldbach is going to short. Which side are you more comfortable being on?
The worst that will happen is you get stopped out. But I get stopped out many times before I find the top, and then I ride it down.
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Nevermind. I thought Bitmex would have a higher price relative to Binance but they are about the same.Not
Update: XRP pushed past 9400 and shorts are rapidly rising.Look for a massive pump near 9790 and short with a stop loss above the highest wick.
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Ideally shorts should rapidly drop, but if they do not, we can still head down. There will just be a squeeze sometime in the future. If you look at BCH, that is what occured.
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Sorry, forgot to update. Trade is now active. BTC is stable now.XRP/BTC has been maintaining USD value. If BTC rises XRP should move down.
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This can be a stop loss if you plan on entering now. I guarantee if we do move down there will be a stop hunt.
I believe the risk is worth it. If you want to risk more with a higher chance of success you can move the stop loss to a higher bull fractal.
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Finally. I predicted the stop hunt perfectly too.
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A lot of people had the stop losses above the red line. So that was the stop hunt I was looking for.
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