Ripple/XRP: IT’S PUMPING! HODLERS MUST BE READY FOR THIS THING! EXPLAINED!

by birtanpublished on October 5, 2020

What's going on guys crypto jeremy here back with xrp video hope you guys had a fantastic day thank you guys so much for tuning in to another video today's video is going to be talking about some ta some news just a bunch of information talking about the current wow look at it guys the current pressure bullish pressure that's happening here on xrp and this is only xrp there are no other blue chips that are performing over the past day as well as xrp showing that maybe here we are

Finally able to break out of our sideways um consolidation trading here and i want to talk about a lot of interesting things because the biggest question i hear from you know inexperienced or experienced traders is how do we know that this trend will continue how do we know it's just not a fake out the you know the infamous fake out i like to use rsi i i like to use rsi in the past oh by the way guys i've got to say make sure to smash that like button

Right now right now let's try to hit five let's not even try let's hit 500 likes on today's video guys thank you so much for all support also subscribe if you haven't yet it is free and you can unsubscribe if you start disliking my content or if my bullishness gets on your nerves so the macd the maxi i think is a wonderful wonderful indicator to show uh if the the um you know bull pressure will continue because of the fact that we are looking at momentum indicators

And then a difference of moving averages which is pretty much a fancy way of saying what is the market thinking what is the market thinking over the past you know x time frame which in this case um will be around like the seven or the six to um nine day moving averages give or take you guys can do the math if you want so i talked about this before we have a lot of uncertainty here happening here you know red on the momentum indicator then green then red then green

Relatively rare you know relatively where usually the indicator is it amount of time in the green or in the red it happens like you know we can have that moment or that um uncertainty here for example but usually you'll have at least a week you know there are a few times where we will um bounce you know have a bounce but that's just because there was so much um by pressure here i need to recover i'm gonna be i'm getting on beyond the point here besides the point

Uh so the idea here is that looking at this when can we say we're no longer gonna see this red and the main thing we can look at is the actual um bullish and bearish crossovers on this macd one would have expected here right we went you know our bullish momentum the buy pressure increased and then it decreased and we went back to our bearish okay our bearish cross right here the signal line going above the macd line however we flip back again so one would

Assume that at this area right here we would flip back to the bearish cross like this where we have this line going finally going above the macd it did not happen i like to call this kind of like a just a bounce it's a beautiful bounce here on the signal line what this means is the the price action that we're currently seeing not only the technicals you know the moving average is looking very bullish here all but the 50-day simple day moving average even though those are looking hyper bullish

The main focus here is the fact that the when the macd um oscillator spikes that's a good signal because it means in this case we are relatively still under you know we're not overbought at all we are very neutral in the market we go back to the price action and we are at a very neutral area so the pressure that we can provide to go back to this levels and make a double top on the daily is much higher than it was when we were in the red oscillator here this is not the momentum there's too much cell

Pressure so the flip here of the macd is bullish and if this had never happened i never say we will continue this i just say oh it's another fake out we just made a triple top here you know we're just continuing our inverse head and shoulders that i talked about here um but no i truthfully in my opinion believe that this is much much more than that so that's my ta for the day guys i'm gonna be talking about very interesting tweets here

So credible crypto i saw articles on this which is awesome never heard of this guy i guess he's you know what we're going to follow him keep it real because i read this and i was like you know what i agree with this this is very much a more realistic yet bullish perspective so xrp price is not predetermined xrp is not backed by gold which i've talked about many many a times you know this is a idea here a lot of people believe it's just it doesn't it's not realistic and there's no reason for it to be and it's not in

Anyone's in any party's best interest okay cryptocurrency why do cryptocurrencies be backed by gold if the foundation of cryptocurrency is a market economy that is not that is decentralized or increased becoming more and more decentralized and is not um focused on store of value as we speak obviously there are cryptos that are gold you know pegged to gold and to each crypt of their own we have to look at crypto as a multi-dimensional um market where there are multi-faceted you

Know perspectives that we can take on these different cryptocurrencies view it as like companies in the u.s there are companies that sell um dog food and they're companies that build cars so just because it's a cryptocurrency does not mean it has to have the same use case understand that very important once you understand that and you'll realize how diverse the crypto space is and you know in the end how much potential there is truly in terms of dollar valuation

Extra people will not reach the prices bbc has 10 plus k obviously i thought about that as well is because there's too much supply um you know in a usd paired um scenario obviously supply is going to take into an account you know supply price and um yeah supply price you guys know how um supply and demand works xrp will not replace the dollars this is someone that i this is something that i um have to respectfully agree and disagree i've talked about in the past multiple times replaces a strong word

I've used it before however i truly believe that the dollar will not be replaced by cryptocurrency however the dollar may be cryptocurrency may facilitate or will facilitate dollar transactions so if the dollar imagine the dollars a person and crypto is the bed you know sleeping at night the bed allows the the person to be more comfortable so doesn't have to does he or she doesn't have to sleep on the floor it's the same analogy here for cryptocurrency it you know allows to because you sleep

Better then you have a better day um at work or at school the next day so it makes sense guys but it doesn't need to um need to do any of these things to make you and me look and me life-changing money over the next few years always stay bullish here guys don't know about the long long term but looking for 20 to 30 over the course of this next board on two to three years so my next my target for next ruling is just ten dollars um or even just to break all-time highs i think that we're still in infancy stage

And this is hyper bullish and i like to share the perspective where he is bullish yet he's realistic guys you know we all want to have you know to have our ex to have xrp be successful for those who are invested for the money i'm invested for both the tech the future and the money i'm very looking very long term um when people ask me about when i'm gonna liquidate my xrp i have no date i'm just trying to hold it man like i i came to a point in my personal finances where i was like

You know what i have enough xrp i'm just gonna let it sit put on cold storage have some another hot wall let's have someone here here there there spread around be safe and i just was like you know what i'm done with it man i'm done with the um the desire to accumulate more because you know when we're looking at this diversification is still important even though i'm a big xrp fan and it's probably you know my top two if not favorite cryptocurrency as we speak it's definitely the one i'm the most um

I believe to be to have the most um success in the future um however in terms of like the price action i've diversified much much more outside of xrp than people truly believe and i've been open with this ethereum bitcoin cash xrp these are three of my cryptos that i truly believe in price action um rois bitcoin cash let's talk about supply there is a p uh max supply the same at 21 million as bitcoin just so those who don't believe me here it is 21 million max

And we're talking 221. so if there is a crypto that could hit you know in the bluetooth i could it 10 grand it would be ethereum or bitcoin cash and that's just it makes sense anyways guys don't ever think i'm not bearish i'd like to give you guys that true perspective here that that honest perspective so this caught my eye because obviously you know as someone who's been a fan of different cryptocurrencies top 15 coins by lunar crush galaxy and out of the top four three are ones that have a lot a lot of

Experience and just some you can see a relationship with and i've talked about and you know i'm interested in et cetera cro litecoin and xrp each of them valid in their own lane um you know cro with the with the split like i don't know what the specific word is you guys know mco training sierra truly making it a true powerhouse um through crypto.com link in description for those who want the 50 referral bonus for the um cro card

Uh and then xrp man litecoin xr pcro fantastic i like to see this obviously this these um scores change very periodically uh but you can notice here that the average sentiment for sierra is very high you know in the level of irish i've never heard of price score for xrp there you know cro and litecoin they're all at five i think litecoin is relatively undervalued and that might be the reason why i haven't gone into the math i just want to remind you guys that i'm proud i'm proud that you know the

Three of the top four are coins that i truly believe in so that's very interesting for sure in terms of news here um two fraud allegations against ripple dropped as xrp lawsuit moves forward this is the california um lawsuit here as you guys can see uh so they dropped the the charging the plaintiffs claim is unfounded a separate claim uh alleged on the house made statements that false associated with the adoption of enterprise solution with the

Adoption of xrp you guys can read this if you guys are interested the one they have however not dropped the plaintiff the green light is to proceed with the cause of action involving the violation of code 25401 where brad said based on the idea that brad said i'm very long i've covered this stuff so much man you guys know that's just the update if you guys haven't you know aren't aware of this you guys can go read up on you know websites everywhere um but yeah i'm long xrp i'm very long

Certainly a person as a percentage i got to talk slower man like for real guys of my personal balance sheet um i am not long on some other digital assets because it's not clear to me what's et cetera et cetera et cetera i remain very very very long xrp there's an expression the industrial instead of hold a title i'm on the huddle side i agree with him i'm on the same side and i just think that you know him saying this in his position um is not the same as you know me saying

It um but yeah the truth is about the cryptocurrency space man it's important like it's it's kind of a double-edged sword because when you're the head of a company or a movement or a political party or anything that is going to you know suffer um focus from people on the other side it makes it harder to speak your opinion and i love people in the cryptocurrency space at the top who do speak their opinion right because honesty is the best policy

Right so i love david schwartz because he's so outspoken and he answers questions on twitter people tweet him questions he answers and so that the the true and when i say you know um that ripple is um what's the word transparent ripple is very transparent i'm not only talking about their regulation their relationship with um us regulations and global regulation i'm talking about their like the the management we know so much more about ripple than we ever knew about litecoin and that's why was one of the reasons

Why i kind of you know stopped making like one videos because i didn't have enough information to talk about every day there's new stuff to talk about with xrp and ripple so i'm glad that that position here from the um from brad and the other um heads at ripple uh is still remains that way i think it's very important to be well obviously there's also is a double up sword because at the same time the people he's talking to um aren't investors in ripple they're people who just believe that

Ripple will be successful and therefore they buy xrp as a sort of um you know we don't even know the correct term because there's a current lawsuit we have no clue if it really is if there it really is any relationship and so i think that that might be a reason you know if there if you have like a ceo that goes to a shareholders meeting like warren buffett for example i think that it's a different relationship because the private investors you know

For ripple are not the you know not us i mean some of you guys might be but not me at least um but yeah you guys he doesn't understand my perspective it's very much a very delicate scenario here for sure um so this is what i want to talk about is the liquidity index um let's reload this the liquidity index right what's happening man here are my two on beliefs number one is that this is normal and natural in fact the price action is not

Um proportional it's actually completely uncorrelated the correlation between press action this liquidity index is zero to none probably 0.2 or something like that you guys can do the math that you're interested all-time highs here on this early i talked about this my last video early june price action early june was down right however um i think that once we do reach like not all time highs once we do reach a point where the volume is not volume this is liquidity um throughout all odl corridors is really truly high and we start getting

Mainstream media talking about i think that's when we'll have that that that push that we're thinking about you know i don't think it's right to think that liquidity index is related to bullishness i think that we can easily have a um a low liquidity index or low volume on odl and still have bullish price action in fact i think the more we have bullish price action maybe that will trickle down into the odl um stats however i want to realize that the um the volume in terms of transactions per minute transactions per hour per day

Has not really changed there's still the same amount of transactions the transactions have just decreased in quantity obviously it is still sunday night so there's not much volume as you guys might have seen um the volumes does decrease during the weekends however i've noticed that even before we used to see eight thousand nine thousand now we're seeing more two thousand dollar transactions um correct me if i'm wrong but that's what i've been um noticing here over the past few weeks as i've been checking

This periodically not even really i've been really slacking but yeah those are my thoughts for this video what do you guys think i think this will continue i think this will continue i'm not willing to put any money on or anything like that i'm just sharing my opinion guys once again read the disclaimer in the description down below none of this is financial advice it is only for entertainment purposes only and i hope that if you're doing the space medium

Time in the space like me or have been very long in the space that you guys appreciate this video and you guys learned something i also want to point out that we had a beautiful candlelit or sorry wickless bottom here right at the 50-day moving average so the nine-day gonna break above the 50-day hopefully that will be bullish for sure um it'd be amazing if we saw that coincide with this one with this one right here but sadly miracles don't happen

All the time anyways guys thank you so much for watching this video guys if you guys know the video please make sure to smash the like button if you guys are still watching the video thank you so so much make sure to comment down below so i can thank you personally it means the world to me um and yeah if you're still actually watching the video right now make sure to comment down below one reason or sorry one thing actually just comment down below your favorite crypto is it xrp or is it dogecoin um and just

Any your thoughts just share your thoughts i read every single comment i read every single comment i get notifications on my phone so i can see those so make sure to comment down below let me know about all that stuff anyway guys thank you so much for watching see you guys next video until then as usual peace

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