FritzGobery

No volume supporting the current $XRP rally

BITTREX:XRPUSD   Ripple / Dollar
This rally will end in blood, equal volume for rally 1 and 2 but disproportionate price increase. I would not risk my self shorting it either.
Possible, that the volume isn't as high, yet we've continued a uptrend is because, more people are now holding their XRP, instead of trading it.
Balas
@Alurek, possible too that $XRP is getting pumped and dumped by korean whale.
Balas
I also noticed the same thing yesterday. Finally, someone agrees.
Balas
lol I had the exact same idea. Nice!
Balas
All of you call for it to end in blood clearly have not been following the news. The true potential of ripple has it yet been revealed and when that day does come many of you will be disappointed that you did not go long at these low prices.
Balas
FritzGobery seraphtrader
@seraphtrader, I'm just pointing out an anomaly in this rally not trash talking the fundamentals. Trust me I'm disappointed I missed my entries yesterday but now it's just too risky.
+1 Balas
this is very interesting, I went back a few weeks and each time there was a rally it supported by a lot of green volume. this current rally doesn't much of that so I think you may be correct about a big correction coming up.
Balas
why you would not short it if it will end in blood as you say?
To fast growing to short right time and choose right entry point?
Balas
FritzGobery Wolverinos
@Wolverinos, "the market can stay irrational longer than you can stay solvent", when it goes under the 50 1h EMA I'll enter a short.
Balas
It's an obvious pump but previous analysis show good 3 dollars so we can end up there before considering any crashing :)
Balas
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