Look what happened with Ripple during the last days:
* Against the widespread fall of main cryptos, Ripple proved to have a strong back. * XRP rolled down to not lower than $0.2150, where acute buyers stepped in and drove it quickly up to $0.2500. * The huge Volume clearly designates the Area of high buying interest. * We think that Ripple is one of the best chips to pick up from the fallen market now.
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GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
"look at the volume!" its not the "red volume"? LOL!
Monfex
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@monguilhot, What do you mean, friend ? The color is not important here since we're inside the area of accumulation.
monguilhot
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@Monfex, The "color" is not important? well.. that color means the volume is SELLING... If you think that 500 millions in volume selling, red, no BUYING, green, is not important, well... Good luck!
Monfex
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@monguilhot, but when someone is selling - someone is buying, isn't it?) what is really important is the current pricing with respect to Volume Accumulation/Distribution phases. Good luck you too, friend !
tradesetups
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@Monfex, Precisely. I believe Smart money buys in down moves, too - pairing longs with loads of sell stops (i.e. liquidity).
Kerbifer
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@Monfex, no. That's why the price is dropping down, it's being sold down. I suspect you're very new to this.
mikblyth
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Is this before or after another billion XRP are pumped into the system?
@BlockchainYahoo, it won't. The owners gifted themselves 70% of the supply, and keep selling it. That's why it has remained almost the same price for years. As soon as it rises, they sell more. Keeping the price flat. Somehow they need $20 million USD every week.
It's just a money printing machine built on a media hype cycle. Watch the circulation for yourself, not enough people do.
Pretend huge announcement, pump in price, suddenly circulation increases (Garbagehouse scoops up 9 million dollars every week or so), price goes back down. Rinse, repeat.