zmassey

zmassey

Every monthly rally get's crushed and this monthly candle is no different. Same bs over and over, the manipulation is real in this coin. When will it end?

zmassey

I have seen this exact same pattern a thousands times, and it always proceeds a dump in the market. Or alternatively it could mean another major bullrun in BTC, whilst the price of xrp remains stagnant.

zmassey

bitcoin completed this exact same Wyckoff accumulation pattern around $3500 before rallying to $9000. Expect a big rally in XRP in the coming days.

zmassey

Because of the high level of manipulation in this market, this is the pattern I see unfolding with XRP with regards to this Bullish pennant formation, on the 4 hr chart. We will most likely get a break out to the upside but obviously don't freak out when we see a long squeeze with a false break-out to the downside. Whales have an objective to shakeout as many weak...

zmassey

very obvious bull flag pennant formation with high-probability breakout to the upside, in conjunction with double golden cross. These are just a couple reasons to be bullish. However, if the next bullrun is anything like it's predecessor we should expect the price to retrace below the golden crosses to around 0.30 cents again. 2 more golden crosses may be required...

zmassey

Golden cross failed to build xrp momentum, so if this is anything like 2017’s golden cross bullrun we will need at least 2 more retractions/golden crosses to produce another bullrun. in the mean time expect XRP to slide below 30 cents. disclosure: im bullish on xrp long term but need to remain objective as a trader.

zmassey

Every single rally, 5 times in a row since december 2017, has been crushed. How is this month any different? No regulations, no major banks are using xrp, still considerably low xrapid volume. I'm personally bullish on XRP but I'm also skeptical that xrp will perform well, especially in a global economy that seems to be suffering stagflation and potential...

zmassey

XRP can't break resistance and 100 day MVA fails to push above 200 day on bullish momentum. This is a temporary short trade opportunity.

zmassey

Inverting the xrp chart in conjunction with the impending 100 MVA crossing the 200 MVA (Golden Cross) looks extremely scrumptious. I think we're in for some unfathomable price movements to the upside but if we keep it conservative the 0.5 FIB retracement would land us in a $1.70-$2.00 range. This would also get XRP into a suitable btc/xrp ratio based on historical...

zmassey

exactly as the title states.

zmassey

Based on a fibonacci time series of past market cycles the price of bitcoin will probably move sideways from here until August 2020. it will make an excellent swing trading currency during this time period.

zmassey

has it ever occurred to you that the banks simply don’t have the capital or covenants to pump your shitcoin? the fractional reserve model is by its very definition an insolvent one. please indicate which bank on planet earth actually has the money to start pumping xrp. that’s why bitcoin has been so successful so far, because it relies of excess global...

zmassey

XRP is a piggy bank for Ripple. Xrapid has abysmal use case. Xrapids core business plan relies on retail investors, which it has scared off with Ripple's massive OTC sales of XRP. Please refer to this tweet for the full details on why XRP is failing in the adoption race in the commercial baking sector: twitter.com Central banks will not use XRP, Ripple is a paid...

zmassey

Unfortunately, with the current demand for Ripple related products, such as xrapid, xcurrent etc it's just not enough to support the price at these levels. $13 Billion market cap for a company that does daily remittances of max $1 Million for Euro-exim, sendfriend, moneygram etc is simply abysmal numbers and cannot possibly support the price at $0.30 for much...

zmassey Updated 

So if past price patterns are any indication of future patterns, then BTC is going to sell off soon towards the $3000 level, within a variance of $300 give or take. Maybe we'll get a final pump before that to wash out the shorters. Perhaps that has already happened with last nights 1.5% gain, idk. I'm not going to go into conspiratorial detail about what's about...

zmassey Updated 

Sorry 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....

zmassey

Do not follow the financial advice of dinosaur gold shills, who are mostly over the age of 65 years and have weakened IQs and memory retention. Please study George Soros' Theory of Reflexivity (inb4 "Soros is evil, Qanon blah blah blah"). Gold only traces inflation because people 'believe' it should trace inflation. Gold has little to no utility in manufacturing...

zmassey

I'm no expert in Elliott Wave theory but it just occurred to me that one of the main rules of Elliott Wave theory is that wave 3 cannot be the shortest of the three impulse waves. This means that wave 5 ended at 0.28 in February. If wave 5 is still in motion then that means wave 3 is the shortest wave, which would totally invalidate elliott wave theory. So based...