XRPBTC Longs VS ShortOn 4 hours TF XRPBTC on both longs and shorts, shows a clear divergence. This could lead to an early 20% pump in XRPBTC price.
This is my thoughts, share yours.
XRPBTCLONGS trade ideas
XRPBTC LONGS Possible SupportThe red line served as resistance and support in the past
As well XRPUSD Longs going up from the bottom of the channel
Black Swan crash of XRPBTC Longs = 400% increase in XRPUSDSorry for the clickbait title but I wanted to draw people's attention to an interesting price formation/correlation happening with XRPBTC Longs.
Although previously, Longs have not resulted in a significant rise in the price of XRP, the behaviour of the price of XRP today to these bitfinex longs is very different when compared to historical price movements. Namely, just the other day when there was a 4% correction in XRPBTC Longs there was a also a 17% rise in the price of XRP, simultaneously.
This suggests that to me that, in the short term, there seems to be a inverse correlation between the XRP Price and XRPBTC Longs. So just to speculate a little I do believe a black swan crash in XRPBTC Longs will result in a significant rise in the price of XRP.
Based on a linear calculation I made I do suspect there will be a 400% increase in the price of XRP at some stage in the immediate future. Note: this is based on a LINEAR calculation, if we factor in exponential price movements based on historical averages we could range anywhere up to 38,000% but I don't want to get to excited just yet.
Let me know what you think!
The upcoming #Ripple | $XRP rally will be MASSIVE!The upcoming #Ripple | $XRP rally will be MASSIVE!
XRP - Buy vs SellJust for my record... looks interesting.
Any comment or idea if you see or think or whatever something, welcome.
USD Longs rising, looks it has a very strong support
BTC Longs steady and trying to push up, maybe bouncing over some kind of support.
Shorts (BTC and USD) seems to be hiting with a roof... Seems they have never been very significant against Long. (?)
Longs are greater than Shorts in the respective pairs.
I should compare the sum of Longs vs sum of Shorts... And chart the difference of them.
But ... i dont know anything. This is pure Psychedelic ART. lol
Original Chart belong to XRPBTC Longs (blue) so indicators are referred to it.
The 4 charts are scaled so you are seeing how they really look comparing each others in terms of positions (volume).
-CJ-
