Were seeing constant butchering of sat value.
The only way xrpiss is maintaining its value is thanks to the rise of bitcoin , thats elevating the $ value of this asset(liability),
So My call is - Long now, its now or never for Schwarz.
My Average entry is higher than the market price.
Gluk 2 us all and may the fsm take care of us.
The logic behind these dumps is obvious according 2 my knowledge, the FUD was extreme in any measurement vs. xrpee, and I agree 2 the FUD, bot army was false, trading volume was washed and false, banksters arent showing any real world interest, and more, but, the coin is a 40-50-60 and higher coin imo fair mark price, the new iissue is the depreciation of its sat value, which wasnt a problem in the past, that does make one think....
Who the fk knows.
tHANKS a lot 4 the comment :D
Gr8 day, and may the Schwarzes get this toilet back up. :)
From a TA point of view, it has to rebound at some point.
There are some bullish signals, just a matter of when will it pop or see you at next support.
, I dont blv any signals here anymore, its so manipulated, especially this instrument, on this exchange, with this amount of rage shorters, lel, that usually gets the market 2 trend after.
Im just trying 2 manage the risk and the exposure from my side as much as possible, I dont like predictions, I blv predicting is for magicians, Im bz at getting this sorted b4 the 73 day Expiration Friday arrives :D
Thx bro !
This is what im seeing at the moment a downward wedge (bullish) - candles brushing in between the top line and
getting pushed up with a lower bollinger band. A bullish divergance with rsi. Expecting a little breakout hopefully today.
Anyway thanks for the chat!
I was expecting it to be a bit more aggressive on the way up, but cant complain.
I still c another 500-700 sat pump minimum from here, which will put us in strong optional-fomo mode imo.
And finally I blv that pre settlement regarding this specific instrument, it will 7500-7800 and a lot more if real fomo returns.
Now we let the mekket work.
May the Schwarz b with us as we slowly exit this annoying position. :D