DoomPosting
Richard Heart max-longed $ETH just UNDER its previous ATH, instead of waiting for ETH to actually surpass its past ATH — absolutely wrecked em Many others do this too though, Typically because they correctly went short near a previous top, right before…
$XRP — Beware max-longing just UNDER previous ATH.
Common technical-analysis phenomena is price accelerating more as it gets closer to previous ATH — and then bouncing hard back downward off of that prior ATH
= exact opposite of what a normie-minded momentum-based strategy would suggest
= MOST DANGEROUS time to go max-long is JUST UNDER a highly-anticipated crossing of previous ATH,
This isn’t $XRP-specific, have previously written about many getting wrecked by the same penomena on $ETH, $SOL, $BTC and other coins
Beware the normie tendency to finally go max-long just under previous ATH
FYI, previous $XRP ATH appears to be ~$3.84
Big question — Will $XRP bounce back downward upon reaching previous $ATH, or will it surge past it?
Another question — Will $XRP memes finally boom, for more than just a couple days? If not — that’s a strong sign that the savvy traders are expecting XRP to implode
IMO, even though we talk about $SOL and $BTC prices all the time — us early-stage buyers don’t ACTUALLY really care about them directly — but rather the MASSIVE effect of small $SOL or $BTC prices on the smaller coins, which go 100x from small $SOL or $BTC movements, and which we tend to make 99% of our overall portolio gains from in the end.
I.e. the second-order effects of a major’s price movement is what really matters, for us early-stage buyers — Will $XRP finally have those second-order effects e.g. on $XRP memecoins this time? Hasn’t in the past. Let’s see.
Will write more on non-technical analysis aspects of $XRP later.
Beware max-longing just BENEATH previous ATH
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Common technical-analysis phenomena is price accelerating more as it gets closer to previous ATH — and then bouncing hard back downward off of that prior ATH
= exact opposite of what a normie-minded momentum-based strategy would suggest
= MOST DANGEROUS time to go max-long is JUST UNDER a highly-anticipated crossing of previous ATH,
This isn’t $XRP-specific, have previously written about many getting wrecked by the same penomena on $ETH, $SOL, $BTC and other coins
Beware the normie tendency to finally go max-long just under previous ATH
FYI, previous $XRP ATH appears to be ~$3.84
Big question — Will $XRP bounce back downward upon reaching previous $ATH, or will it surge past it?
Another question — Will $XRP memes finally boom, for more than just a couple days? If not — that’s a strong sign that the savvy traders are expecting XRP to implode
IMO, even though we talk about $SOL and $BTC prices all the time — us early-stage buyers don’t ACTUALLY really care about them directly — but rather the MASSIVE effect of small $SOL or $BTC prices on the smaller coins, which go 100x from small $SOL or $BTC movements, and which we tend to make 99% of our overall portolio gains from in the end.
I.e. the second-order effects of a major’s price movement is what really matters, for us early-stage buyers — Will $XRP finally have those second-order effects e.g. on $XRP memecoins this time? Hasn’t in the past. Let’s see.
Will write more on non-technical analysis aspects of $XRP later.
Beware max-longing just BENEATH previous ATH
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
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DoomPosting
Will $XRP have a meme wave, or not? So far XRP’s meme offerings have been quite empty Remember many other majors which recently pumped, did not — TRON, BNB, etc ^^ Above is the entire list of XRP memecoins made in the past month, which have achieved $1M+…
Alright, time to take a fresh look at all new coins built upon $XRP (XPRL), within the past 3 days, which have surpassed $1M market cap
…oh
IMO… kind of a strong signal that traders don’t expect the XRP spike to last
And/or, strong signal that the XRP coins UX is terrible… which it kind of is — you have to enter two numbers whenever you do a transfer, and if you forget to enter the second number then your coins are gone?
Not exactly normie friendly at all…
Let’s see what other clues we can find.
Dexscreener for all coins built upon $XRP within last 3 days that have achieved at least $1M market cap
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
…oh
IMO… kind of a strong signal that traders don’t expect the XRP spike to last
And/or, strong signal that the XRP coins UX is terrible… which it kind of is — you have to enter two numbers whenever you do a transfer, and if you forget to enter the second number then your coins are gone?
Not exactly normie friendly at all…
Let’s see what other clues we can find.
Dexscreener for all coins built upon $XRP within last 3 days that have achieved at least $1M market cap
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
👀2💯1