basis211: (Default)
[personal profile] basis211
5 days ago

I am a professional trader, and work for a large investment bank. I've seen a lot of posts on this subject and I see many of people trying to use economics and fundamentals as their guide. Making sense of it all. When you are in a hot speculative market like this, you can throw all economics and fundamentals out the window. They mean absolutely nothing until the speculators are done. I was around for the internet bubble where the market cap reached at least 3 trillion in less than a year, for companies that did absolutely nothing, on just the US stock exchanges alone, with very few relative participants. Since this is a global market, lightly regulated, and technology makes it easier for anyone to open an account and participate, we're not even close to being done with this speculation. I guarantee it. There is very little relative participation in this market right now. The only way to read a speculative market like this is technically via charts.

The price action and volume on the charts tells us exactly what the crowds are thinking and what is going to happen to the price. Investment banks, like the one I work for, bring in the technical traders first to make money and build positions. Then, later on, they bring in their economists to make sense of it all. With that being said, Ripple is as bullish as they come. It is displaying the price action of a parabolic price run in it's first phase. That means there are 4-5 more phases to go. We've seen it dozens of times and yes it's a real thing. In addition, it is displaying major strength when other charts like bitcoin are pulling back and taking a break. This relative strength tells us that Ripple is where money is moving and will go higher. Much higher. Just wait until the other large investment banks around the world start participating with real buying power and rush to get in on the action. As soon as Ripple moves above $1.3 XRP/USD on heavy volume it will move to $9 based on our proprietary charting. That will happen in the next 0-3 months. Then it will consolidate for a few weeks or months and will easily move above $100 within 6 months. Our charting doesn't go out any farther than that, so watch for another post from me in a few months. I will say that once it hits that level, buyer beware, because it can come down much harder and faster than it goes up! After this first major price move, I would then start listening to the economists and analysts, looking at market cap, and other fundamentals. If they say that ripple can't stay over $100, then they are probably right, and I would listen to them for the long term buy and hold decisions. But for the short term, like this, $100 is very likely and we are rarely wrong. Good luck! By the way, I don't own ripple, I'm not allowed to own it due to my job.



https://www.cryptocompare.com/coins/xrp/post/p_50270

Date: 2018-01-02 12:26 pm (UTC)
slava68: (Default)
From: [personal profile] slava68
Начало "I am a professional trader, and work for a large investment bank." сразу ассоциируется у меня с "нигерийскими письмами" :-))))

Date: 2018-01-03 03:43 pm (UTC)
m0z9: (Default)
From: [personal profile] m0z9
До меня такими письмами уже посреди серьёзной компьютерной рассылки домогаются. ЗОГ кровоточит, но не сдаётся! (смахнув слезу патетической гордости)

Date: 2018-01-03 05:15 pm (UTC)
m0z9: (Default)
From: [personal profile] m0z9
А, нет, я не вчитывалась и не поняла, что это совет.

По моей рассылке "опытный экономист агитирует поверить, что биткоин - пузырь".

Зарубежный экономист, не ольгинский.
Edited Date: 2018-01-03 05:16 pm (UTC)
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