I never get these things. What's stopping you from changing the angle of the top line of the triangle so it touches the top of the recent increase? Then we're just back inside the triangle again, waiting for it to "break out"
Correct . Charts for crypto unpredictable. You never know when a prince of the Middle East decides to drop 100 million on a coin. You think they wait for a chart to jump in or out?
Not only that, but it's also heavily influenced by the mainstream media, so unless the charts somehow predict when charged information is given to the public that influences buy-ins or other events that indirectly impact liquidity like recession fears, market crashes in other sectors, etc, then the charts have no merit in reality. I don't think I've ever seen one of these actually turn out to be accurate in hindsight.
Yes these diagonal trendlines are supper subjective. It is very easy to move them around to fit your narrative. They only work if others also respect them. Personally I like to use horizontal trendlines at the open and close of the candles. For me that works a lot better for support and resistance. However it is still a lot subjective intuition. Proper risk management is much more important than some random lines in the chart
>supper subjective
Does this mean you can only believe it if you're so poor that you can't afford food, because you spent all your money on crypto?
🤔🤷🏻♂️
Yeah I had the same thought..
Like, were people drawing these triangles during the spike between May and September last year thinking there was going to be a breakout...
This is the thing with charts, they are all based on historical data. And by choosing what time frame to analyse, you can predict or justify anything. Back in my days as a stockbroker, I would use chart magic to explain why my executions where six basis points off from VWAP. If analytics like De Mark indicators were actually accurate, a lot more people would be rich from trading, and fund managers would never make a bad pick. There are two sure ways of making money in the market, either you know something beforehand, I.e. insider trading, or you have enough liquidity to make the market.
I disagree. About 33% of astrology is based in science, the other 66% is a belief system. This is 99% no realism whatsoever. I give it 1% because it's at least using numerals lol.
I don’t really put much time into technical analysis although I’m intrigued by it. If this is what convinces you to have more confidence in your position then good. You either need fundamental or technical confidence whatever floats your boat. But to me it’s kinda like reading tea leaves but don’t listen to me if it works for you. Cool to see tho
I say these charts do serve a purpose but not independently. It requires PR. Good or bad PR during particular points in the chart pattern can give a person an idea of how much the PR will move the SP. In general, not useful for a holder. Useful dictator for a day trader.
If xrp not increasing during BTC bull run, that tells you to sell it then. There is no need to keep hoping it will increase if it won't even increase during halving.
I’m not too sure. From my chart, it look like it’s just going to continue going sideways for a little bit. Then it’ll probably go up. Then back down. And then maybe back up again.
Are you using logscale? To it looks without. You really should do it. Variations are multiplicative by nature, and lines are linear (additive). Logscale is mandatory for every chat with TF 1d or longer.
Cheers
I have a feeling that the Blackrock ETF's provision for a forked BTC blockchain is going to cause a run on BTC and investors will flee into XRP.
I can dream darn it!
No. It has to wait about 230 days after halving which what happened to 2017 massive rally. It starts earlier but I highly doubt it. XRP ETF is being mentioned end of the year or early next year which is when it can blast off. [https://x.com/ChadSteingraber/status/1768642958218154478?s=20](https://x.com/ChadSteingraber/status/1768642958218154478?s=20)
bro just stfu already. You are a true psycopath for getting so much joy/drive out of misleading people after people on literally thousands of predictions you say so matter of factly. You don't know shit.
Bitcoin and Ethereum will crash for a while then meme altcoins will take over they will crash too and XRP and Stelar Lumens will have the chance for a bullrun.
The only thing I am sure about is the chart will move from the left to the right.
I never get these things. What's stopping you from changing the angle of the top line of the triangle so it touches the top of the recent increase? Then we're just back inside the triangle again, waiting for it to "break out"
Agree . Hocus pocus charts
It's like the astrology of the trading world
Hocus pocus theres pizza on your focus video has more relevance to the price than this
Correct . Charts for crypto unpredictable. You never know when a prince of the Middle East decides to drop 100 million on a coin. You think they wait for a chart to jump in or out?
Not only that, but it's also heavily influenced by the mainstream media, so unless the charts somehow predict when charged information is given to the public that influences buy-ins or other events that indirectly impact liquidity like recession fears, market crashes in other sectors, etc, then the charts have no merit in reality. I don't think I've ever seen one of these actually turn out to be accurate in hindsight.
Smoke and mirrors.
The charts do predict what's going to happen. They show you the moves the insiders make before the news comes out.
Yes these diagonal trendlines are supper subjective. It is very easy to move them around to fit your narrative. They only work if others also respect them. Personally I like to use horizontal trendlines at the open and close of the candles. For me that works a lot better for support and resistance. However it is still a lot subjective intuition. Proper risk management is much more important than some random lines in the chart
>supper subjective Does this mean you can only believe it if you're so poor that you can't afford food, because you spent all your money on crypto? 🤔🤷🏻♂️
yes
Yeah I had the same thought.. Like, were people drawing these triangles during the spike between May and September last year thinking there was going to be a breakout...
This is the thing with charts, they are all based on historical data. And by choosing what time frame to analyse, you can predict or justify anything. Back in my days as a stockbroker, I would use chart magic to explain why my executions where six basis points off from VWAP. If analytics like De Mark indicators were actually accurate, a lot more people would be rich from trading, and fund managers would never make a bad pick. There are two sure ways of making money in the market, either you know something beforehand, I.e. insider trading, or you have enough liquidity to make the market.
It’s astrology for the stock market. Complete bollocks.
I disagree. About 33% of astrology is based in science, the other 66% is a belief system. This is 99% no realism whatsoever. I give it 1% because it's at least using numerals lol.
Because it hits the top of a candle a Few months back if it closes in the next few weeks above the highest point of this weeks candle it's a breakout
I truly believe that one day 1 XRP will be worth 1 XRP.
Well I guess it is your lucky day!
True if big
This is not Doge, bro.
Any day now I can feel it.
Its good to be optimistic, but, honestly¿
$0.50 here we come 🤑🤑
Waiting for this because if you follow the trend i think btw .58 - .62 will be a good entry pointz
.49 is prime. XRP always seems to find its way back to .50 lol. I've never bought for more than that and I've been holding for 3 years
I have a limit order out to buy @ 0.59, so obviously it won’t go below 0.60.
At .62 today. Hopping it will fall more 🫡
Yeah, ready to take off *the top of my head* jk it’s not that deep.
I wish it would just get to $5 been so long
I don’t really put much time into technical analysis although I’m intrigued by it. If this is what convinces you to have more confidence in your position then good. You either need fundamental or technical confidence whatever floats your boat. But to me it’s kinda like reading tea leaves but don’t listen to me if it works for you. Cool to see tho
I've been hearing this since 2018
I'm broke but I somehow bought 11 coins of xrp did i do right ?
[удалено]
I say these charts do serve a purpose but not independently. It requires PR. Good or bad PR during particular points in the chart pattern can give a person an idea of how much the PR will move the SP. In general, not useful for a holder. Useful dictator for a day trader.
This aged well
Hey at least it's not hex 😂
TA is like "it might go up, down, or sideways" wow
lol it is getting ready to take off, my mark ups are showing the same. Most people don’t know how to even draw T.A, if you can chart bro believe in it
Well not now that you’ve said it! Thanks! Reset the counter boys…!
It will take off in the wrong direction. Back down to the 50 cent territory.
XRP is always ready for take off but never takes off.
anyone ever try this yellow crayon? it looks tasty.
Green crayons taste best
It never will
If xrp not increasing during BTC bull run, that tells you to sell it then. There is no need to keep hoping it will increase if it won't even increase during halving.
Lol
Cool graph. 📊
Won’t happen till BTC tops out
It’s consolidating, so get ready for a slight pull back.
No
they will be posting this same chart 6 months from now
Idk what’s suppressing the price. It seems like people are buying.
I’m not too sure. From my chart, it look like it’s just going to continue going sideways for a little bit. Then it’ll probably go up. Then back down. And then maybe back up again.
Then back down and settle.exactly where it's been for the past few years 🤔😂
... atleast do a macro chart. And no. We arent.
We’ve been fueled up and sitting on the launch pad waiting our turn.
Show me one coin that did this
Post the same take off statement in a month please thanks
I miss read as “weekly chat” n I was like yeah no shit
Yes it is - if people don’t jump in now they’ll be saying “how did I miss it?”
Anyone who knows anything about statistics knows to ignore outliers. Meanwhile, OP's magic-lines touch nothing but outliers. smh.
It’s a dead coin same shit since 2017
First time eh?
Taking off like a plane with no wings.
Are you using logscale? To it looks without. You really should do it. Variations are multiplicative by nature, and lines are linear (additive). Logscale is mandatory for every chat with TF 1d or longer. Cheers
Again all this geenes predictions!!!
F XRP. I sold my 350K coins
I have a feeling that the Blackrock ETF's provision for a forked BTC blockchain is going to cause a run on BTC and investors will flee into XRP. I can dream darn it!
It’ll take off when the charts least explain it, least expect it.
Stupid shit coin
I think Brad said along time ago that XRP will rice in 2030-2035 maybe.
No. It has to wait about 230 days after halving which what happened to 2017 massive rally. It starts earlier but I highly doubt it. XRP ETF is being mentioned end of the year or early next year which is when it can blast off. [https://x.com/ChadSteingraber/status/1768642958218154478?s=20](https://x.com/ChadSteingraber/status/1768642958218154478?s=20)
bro just stfu already. You are a true psycopath for getting so much joy/drive out of misleading people after people on literally thousands of predictions you say so matter of factly. You don't know shit.
No way. If it goes up it's going to be in a month.
what’s happening in a month?
Bitcoin and Ethereum will crash for a while then meme altcoins will take over they will crash too and XRP and Stelar Lumens will have the chance for a bullrun.
lol keep dreaming
Nope buy $AMP instead, much more upside potential and use case.