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XRP Update – 2 week chart update; bounce off RSI trendline!! for BITSTAMP:XRPUSD by jaydee_757

BEFORE READING, GET RID OF YOUR MOOONBOY MENTALIY AND NO EMOTIONS FOR DIPS/CORRECTIONS!

Short term bearish (although we can just skyrocket from here, we need to have buy opportunities just incase we head down short term). Remember, the higher the timeframe, the bigger the move! I’m one of the few bears that was calling XRP to correct to .37-.64 when XRP was at $1.29. Had so much hate by the “Moonboys”.. I’m now calling a BULLIH reversal soon right after a nice “wick” down! BUY THE DIPS!! $14 is imminent!

On the monthly timeframe , we created a BULLISH HAMMER CANDLE (COULD EVEN CALL IT A DRAGONFLY DOJI!!). Please see chart below:

You can’t be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know are on the charts. News are manipulated by the elites, and they take advantage of our emotions. Stop listening the news and pay more attention to the charts. Don’t follow the majority, because the majority will lose in the end! Also, don’t buy the hype when everyone is buying.. instead buy the fear when everyone else is selling

Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market, and are BUYING OPPORTUNITIES! HUGE GAIN opportunity in the coming months! NEVER TRADE BLINDLY. USE MULTIPLE INDICATORS TO MAKE CALCULATED DECISIONS. TRADE WITH NO EMOTIONS!!

FACTS:

1. WE ARE LOOKING AT THE 2 WEEK CHART TO DETERMINE GOOD BUY OPPORTUNITIES “IF” WE CORRECT/DIP DOWN!

2. RSI – EACH TIME WE BOUNCE OFF TRENDLINE, IT INDICATES A TREND REVERAL TO BULLISH!! HIGHLY OVERSOLD!

3. STOCH RSI – FOR BULLISH CONFIRMATION, NEEDS TO CROSS BULLISH WITH K&D OSCILLATOR ABOVE THE 20 LEVEL!

4. WE COULD EASILY JUST RIP UP BULLISH WITH THE RELISTING OF EXCHANGES AND THE LAWSUIT!!

BUY TARGETS IF/WHEN WE HEAD DOWN! (We could easily just spike up bullish from here so HODL and accumulate!!)

Target 1: 0.59 (Corresponds to the 0.618 Fib golden pocket!)

Target 2: 0.41 (Corresponds to the 0.382 Fib and trendline!!)

Good Luck!

“If you can’t beat the fear, do it scared!”

“Be fearful when others are greedy, and greedy when others are fearful!” – Warren Buffet.

“Markets are a device for transferring money from the impatient to the patient. – Warren Buffet

“Show me the charts, and I’ll tell you the news.” – Bernard Baruch

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