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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