Ripple XRP Shorts Got REKT! This is INSANE!!!


Good afternoon ever 102 p.m. In the afternoon Beautiful beautiful beautiful rainy wet Sunday. May I taya it is nuts All right that pulled up here Cool all right. Okay yesterday lots of interesting things happened right around the time. I cut it short If we look I want to go through a little because I was actually trading that and it was kind of Cool to watch play out just a crazy amount of volume stepped in there. It was it was it was nuts I mean this we’ve got to break this thing down. So Michigan brings down a five-minute chart and If anybody else was watching this play out yesterday It’s kind of nuts so Here we go hitting the play button Trade trade trade trade trade, you know, this was yesterday morning Just kind of flippity-floppity around here stuck in this trade range below 6300 the mid harmonic not doing a whole lot Facing resistance up against the arc Nothing really to talk about they’ve got a long-term uptrend line here By the way in the broader markets, we’ve actually got a pretty nice gain and altcoins as well Of course you’re getting into the afternoon. This is where things like to do a little dropping and do a little sell-off Okay, as we are Seeing Volume participation not very large here start to see some pressure increase and we’re getting almost towards where Let’s go speed up There we go, all right now we’re seeing stuff whoa, okay, there it is. Oops So there’s that huge dump, okay massive drive lower and We just see this Massive acceleration and price there is a five-minute bar where looks like some bears want to try and recover it but Ultimately, we just ended up trading and this is a firm rejection and something that happened yesterday Was that the short chart the bit rate or not bit tricks the BitFenix short positions It actually crossed above this descending triple top Crossed above in fact, it actually gapped above on an hourly chart There was a gap above came up to right below the all-time high only to promptly get pressure down now It’s coming up against a pivot in time that shows up on the 21st This is going to be More than likely we’ll see an ugly turn here to the south because of this time and price relationship and You know, there’s a there’s a downtrend. Excuse me There’s a Trendline here that has been broken looks like it tried to retest and we’re continuing to drop here so as The shorts continue to drop that means they’re covering and turning into Long’s that should translate into higher prices in Bitcoin All markets are looking pretty nice We’ll see. I mean we could retrain back in there. I mean, there’s so many scenarios That we could see Where as So again, we are in this channel staying above it should expect it to hold the support this for our this one our Candle closes in 50 minutes the four. Oops the four hour It’s got another two hours on it, but otherwise, I mean this was this was some pretty crazy price action That’s the one of the highest volume days ever for aetherium Man date is so messed up. This looked way different yesterday. Yeah, so bizarre. Oh well Yesterday that volume bar looks very different Whoo news but still very nice. Bullish activity. We’re staying inside this art that 181 support zone is holding. Haven’t seen a lot of changes there at all. So Yeah, let’s look at our alt markets. What do we got going on so Cardno Caught a bit of a bed It’s getting some buyer buying pressure step in just experienced your little pullback here a little profit taking at the top finally we’ve we’ve breached that’s that seven cent zone and and are currently trading above it basic attention token also caught a little bit of a bit is trying to Get to 16 and above Nano trading at 2:41 caught a little bit of a drive up there. It’s got a We take a look here. It’s facing some resistance right up against that flag line. So we’ve got a Extended bull flag here breakout will occur if we can break get above this high over here That’s what we be looking for xlm actually caught a little bit of a drive too early overnight Traded up now. We’re just we’ve been trading down ever since then for the last six hours Ripple I’m honestly surprised with ripples Ability to stay where it’s There have been some clear efforts to drive it down Over the last couple hours, but that has not that has not played out. So Yeah, we may just be looking to trade higher here there’s a where we’re getting up to a Historical traded high over here. We’ll see if that stays or not. We may just observe ripple blast right through this We’ll see Et Cie theorem classic surprising is Not making a lot of a move and it’s actually a laggard. So that’s one of the things that I want to Talk about today as far as when we’re looking for some trading opportunities looking for those laggards now the short People who are short across the market in crypto They have not shown a real interest to get back in on those shorts unless something were to change there is still a quite a bit of folks, who are Just kind of hanging out and with short interest near this all-time high like the etherium shorts as well They are Eth is these shorts their error Look they are down 10% on the day Okay, so I mean like actually we were at all-time highs yesterday We’re at all-time highs yesterday in the shorts for aetherium and we’re down 10% on those short positions now But we have not seen a responsive price yet. Okay, we haven’t seen and that there’s I mean these Short positions are questionable. I don’t know I mean it’s the only other gauge we have so a Theory em still needs to catch a nice little drive up on all those that short covering and the thing is is with with when when a whole lot of people are net short on any instrument then the the thing that we See, is that kind of cannibalize each other? So It’s like a whole bunch of people are short and the only way that they can get out of the churches to get out of Liquidated where they have to buy to cover that short, so they have to buy and that just causes Uh, it’s just you know, really? It’s it’s not as violent I mean, I’m sorry when Long’s get liquidated because they’re stops get hit because of selling pressure. That is a more that’s a different type of behavior and and move then what happens when shorts when shorts just the psychological nature of of How shorts work in a leveraged market like this because it’s not as easy to go short is it is to go long? It’s a much more Aggressive and violent move and so people who are already long or have been long in between the eight and six thousand area are going to benefit greatly or people sitting on the sidelines are gonna be able to benefit greatly because all of those bears are just going to really kind of as I call it cannibalizing themselves because they’ll just be Buying to cover and it’ll just it’s it’s just gonna be a pretty deep drive higher the worst part about it. Is is that you Know if you if you’re trading a long position and you’re trading it, you know with cash Just you without leverage I mean pressure would go up and down as much as you want all the way to zero and you’re not going to get liquidated people who are trading margin shorts it’s very possible for Kryptos to spike up twenty percent and Then you get liquidated just to see price come back down or lower. So People who hold their active short positions are definitely getting hurt and I think aetherium Short traders are getting hurt here ripple short traders are getting are getting hurt and so are Bitcoin short traders. I mean, it’s it’s a dangerous market to be shorting and I mean It’s It’s dangerous to short this market So shorts have been getting eaten up like crazy. There have been a lot of people enjoying the pain the shorts are going through If you get mad and take it personal then oh boy, that’s not the way to trade Well, I won’t lie that it is sometimes really nice to see some mouthy trader lose So Ok, let’s let’s step away here. Just keep looking at We’ve got going on looks like the shorts are increasing here There’s gonna if there’s a these should accelerate down this structure here. This price structure is breaking down we get down to this major harmonic here price is pretty close to it that if we were gonna see some response of buying the Re-entries on shorts that would have happened, but we don’t see that there so Light coin I mean talk about a chart oscillating in Its last breath. I mean this is this 1/8 harmonic is like the last zone of major support. It’s That between that number and the next major harmonic is the number one one dollar actually point It’s actually it’s one cent All right, let’s let’s see muku this bad boy F, well actually let’s let’s not I want to I want to get a day count on our move here, so from Bitcoin that is though so Bitcoin looking at our all-time high day after We are on day 276 Which is right near that 270. That is the That is a key reversal date. I mean a key reversal cycle and if I were drawing those in there’s yeah, this would be a little harmonic, so good zone to be looking at for the Thing trends to change and additionally there are there are Important dates coming up here in ten days. We’re going to get the SEC commissioners talking about the the denied Bitcoin ETFs or that’s a xxx, I Can’t be right that Can that be right delayed salivex ETF Commission designates, September 30th 2018 as a date by which the Commission shall either approve or disapprove September 30th That’s a Sunday Am I am I wrong September 30th is a Sunday Who knows okay anyways Let’s pull up the cloud take a peek at what kind of trades we’ve got going on here if we have any at all Blue look at that the Swiss are taking it on the nose actually foreign currencies Was a dollar caching bid the euros up quite a bit. Hell, yeah Gold gold still sitting around 1200. I wonder for a lot of that money is flowing into our crypto world Very very possible. All right Let’s start off with Neos Now Yost looking here on the daily I like where it’s at if we can get above the baseline over here That would be the the best solution to take a long trade based on the daily. The four-hour is It’s questionable the legging spans right below the cloud. It’s facing some resistance there. It’s stuck inside price that’s not always a good thing that Was a bad thing either the one-hour chart looks a little better here wheat looks like we’ve got a Little bit of a triangle through a zoom in on like a 15-minute chart be probably like a bull flag of sort maybe But I would say if we can close above the conversion line on here that would bring us that 80 to 86 That be able to high here that bring the legging span above the 80 to 86 Yeah, I think there’s definitely I mean this is Yep, I like that one 8286 Yesterday I did throw out some I Did throw out later on in the day on? Nano and xlm and aetherium I threw out a couple trade ideas in the evening for our Forex lens into crypto subscribers for those signals the etherium long and the Nano and In it it ended and xlm Very nice So yose looking at that trade there to play out Let’s actually take a look at a theorems chart which is Which is coiling like a spring When you see a you know you when you know, you’ve been in a downtrend and Then you see it’s and it’s been an established downtrend and then you see volume picking up That’s a bullish sign. You want to see volume picking up and in in any well-established trend if it’s bullish or bearish if You’re getting to some type of new swing high or low and you see the volume pick up That’s your signal that the that the trend is about to have a have a change so This massive volume pick up that we see here on the daily It’s kind of a kind of a big deal notice that we have not We’ve had the three days of not a lot of deviation in the closes. So we closed on the 18th at 208 closed yesterday at 2:00 and nine even though we had that massive volume push and Even today we’re just we haven’t moved much at all. We have we have even the range is very little from 216 to 207 like a or a $9 $9.50 a that’s an awesome area. Oh My god, I wrote in the eurusd easy it just to you long at 212 all Right, I can delete that other message Oops damn it. I deleted the wrong one. I Deleted the EO Strayed. There you go Okay now Take a look at the doctor that XMR let’s take a peek at Manero Manero Was you know when we had our previous kind of nice drive up mo narrow Was kind of outperforming everybody the daily here is looking really nice We see it’s made a new higher high than yesterday We see a cross of the kitchen sent over the tank and sent tankinson over the kitchen center the conversion over the base Lagging span is about to break away from the clatter of the price here daily charts showing evidence of a nice trend change the 4-hour chart a little bit more difficult to see there is a there’s a Downtrend line here. We got to pay to introduce so when there is a little bit of an easier kind of a trade in that You know legging spans a signal we want to see it above the cloud and a buff price Price above the cloud we just kind of drifted over here. We see we would be above the trend line – so the oh one eight Oh 1/8 for our itchy Magoo Cardinal Cardinal Cardinal Kedah no Beautiful cordon, oh, I Just hit a hundred thousand car down. Oh, I Now have a hundred thousand car down on me yay Ok Car down Oh on the hourly showing a really nice structure of finding support at the conversion line here Want to see some follow-through buying to move above the last hour close? For our chart pretty nice to see that Legging span got into the cloud without a lot of issue. We are above the cloud on the 4-hour chart There’s a pretty nice. There’s there’s a pretty nice distance now for the legging span to be Moving higher, you know, the the the resistance above the legging span here is not until really that 0.083 That’s what we’re that’s what we see and then really not a lot of price resistance up above here either Conversions above the base. I mean we have all sorts of the the ok, go signals on the Cardinal 4-hour chart hourly chart is well. Probably want to wait for a Return to 75. Oh six day, ly chart If we can get two days above the conversion line, that’d be great. The base base line is flat. That’s nice to see Alright, so yeah looking for price to Probably looking at point O, seven five one would be a nice entry in Cardano Cool Basic attention token, I Don’t know if you guys have ever used it but basically tension token has its own browser. It’s a very chrome II and It’s called the brave browser stupidly fast, they have the moat they have a mobile one for it and Where to go thereíre so say hello to your new Chrome browser, but that’s the brave browser it the brave as making sure that people who do content advertisements and stuff that they are the ones getting the Majority of the revenue it’s not going to a whole bunch of different people Brea based attention tokens got a really nice thing going for it Looking forward to its future. All right, it’s a big stitchin Walton chain. Walton chain is a laggard Walton chain is has not seen a nice drive up. So just at the present value I like Walton changes because it is lagging behind everything. I should see the WTC BTC So Walton chain on the daily it’s below the cloud it’s just really Underperforming everybody right now, which is fine because when it has over performed it’s over outperformed Substantially and that’s what we want to see here. So At the present value area I am I am totally cool with a long trade on here at this level Oops Yes, actually I Got a I closed out all my browsers by accident so I’m just gonna do this on my phone real quick Doot doot doot doot doot Okay Haven’t gone anywhere. I’m just putting in my bye. I’m just gonna do it at the market here and Sure that that’s in there that is Man its finances little slow on the draw here That’s odd Well, it’s good if it’s being a little choppy, yeah the market didn’t market orders didn’t want to go through for some reason so Well now they did, okay, so there’s my Walton chain Cool Love writers we’re talking about insights to take a little bit of a drive up there It’s nice. So Walton chain underperforming. The market is a laggard I Don’t know I typed it in there maybe sorry, I remember Okay, what else I want to see what’s team is doing steam steams. Uh There I think they’re coming out with a hard Fork of something here pretty soon. But steam I like steam a lot I do spend more time on that platform, but here’s steam and I Don’t like this don’t like that. Nope. Don’t like it q Tom Hmm I like it on the hourly Cute thumb is a laggard as well q Tom Nides Has not had a nice drive up. So I would wait for a cross above the conversion on the hourly. So zero zero five two BTC 0.05 to one our Ichimoku is the purpose for that one got that ZRX Also a Lagarde Actually on the four-hour with volumes pretty heavy on the selling there Don’t know why well, actually this makes it a little easier so legging span has had difficulty crossing above the the one-hour Cloud here. It’s very flat when you see flat levels on a cloud that’s a that’s a hard area to cross if but if it’s flat like This where there’s no cloud, then that doesn’t count Pretty easy entry area to identify on the 1-hour and That would be legging span above the cloud. It’d be in the clear to for quite a while so that would be looking at the 5 4 level actually, I want to see the Bitcoin pair for this Above the cloud at 0:08 for 84 The rxb Tc8 4head bring us above the high over here Leave Close enough Yeah, that’s just pretty actually I think that getting into it today will be a Already have positions in that one be a nice Double I mean this is this is a standard inside bar trade Really? We you wouldn’t take a trade base. Is it though gosh, it looks a little lower low, doesn’t it? Barely Okay Alright now worried about that CEC Actually will probably want the CEC Bitcoin pair If I if you ever see me doing the dollar pair equivalents slap me because I I know that we can’t Get some of those dollar pairs, but I always just kind of look at the Bitcoin chart and see what it is Alright I had a nice little bit of a pump up there very nice above the conversion if we close above here. That’ll be great Daily Her hourly rather that is a G’s that isn’t move much at all. I’ll release pretty nice for our little dicey, er but Really just a little bit above the current high in the hourly be a great entry 1844 zero point zero Point zero one eight four Bc bt c XL lamb, I don’t think we did excellent yet. Nope xlm Daily looks pretty healthy for our looks a little dicey one hour looks a little dicey Yeah, don’t don’t like it And them so I I mean, they’re any em, but their tickers X EMI because is there something else that as any em, I think there is So any em on the daily is actually going to X iam is gonna have a little bit more volume than you let yesterday And we’re going to trade higher Above the conversion line for the first time. We actually kind of close above the conversion line in 16 days only the second time No, that’s not yes second time since then first time since that drop for our chart Mm dang it Now Check out oMG, I Kind of like this little formation here for hours kind of ugly Daily that’s so bad The hourly was a pretty simple entry Legging span crossing above here. It would be at the I want the BTC Fair Okay a little different I’d like to see the legging span get and price above the clouds. So really just looking at the O 5 Okay, and I know some people always wonder well, okay you do this You do. Uh, what do I think about Ripple? Sorry, I just I just saw that my head my other screen was Pulled down a little bit. And then I just kind of saw the top of that little circle. So what do I think about Ripple? I Mean price action wise it’s it’s very strong I mean, it’s it’s pretty damn strong. And if you notice a lot of these dips are getting bought up, so It’s hard to want to fight against that I don’t think it’s smart to try and call a top here and shard it as much as I would I would like to the daily chart, you know, we were coming up against this this this 39:25 there, you know 39 cent level If we break above that that’ll be impressive on the daily, you know the four-hour Ripples like one of those really popular kind of coins or ass like it’s gonna change the world It’s the new Bitcoin and it’s bled it out of that. I Don’t know about that I Also don’t think it’s technology, I mean, I think what it does is pretty awesome it’s fast but I Don’t know how long banks are gonna use something like that. I mean, I’m not sure. I don’t know Plus there is a crap ton. I Don’t remember how much it I haven’t actually been Up to date on it, but there’s a ton of ripple just waiting to be pumped out to dilute the value so We’ll see We will see but from a training perspective, I mean it’s hard to fight against the Significant pressure that’s going on here. I mean we this is a pretty standard pump with a bull flag here Or probably call this a pennant and then followed by a breakout so you know thing is as Pennants and flags are continuation patterns. This looks pretty much like a pennant to me if you drew some lines here We’d look like a little bit of a like a pennant on the hourly So that their continuation pattern so this may just break out higher That’s the trade to take I mean bull flags and pennants are are the easiest things to trade they are they have the highest probability of of completing and showing continuation so They’re something like ripple that has already had two breakouts now let’s had it’s had a Breakout followed by a flag and another breakout odds of that continuing are pretty high. So You know, I move higher here as is likely and that you know getting in before but at the same time Just because the probability is high that’s going to continue up Am I willing to risk an early entry just to see if that’ll happen? No, I’d rather see it confirmed. So the 3767 is possible entry. I Had some grass sold my ripple too early this morning and I’ve been debating on getting back in but I may wait to see what we do when the daily is getting closer to The cloud but at the same time the legging span has nothing behind it. And because the legging span is more the more powerful Indication of trend direction when it crosses the cloud, you know There’s nothing here so we could see prices rally up to you know, spike up to 46 before we see any Resistance, but even then trading sideways from here You know we would get into How many periods is this? From today to There thirteen days in the future 14 days, I mean then we’d see Yeah, probably 15 days actually we were to drift sideways or trade sideways for 15 days Be in more favorable conditions for for long I mean again This may not even be the beginning of the pump yet. So there’s a lot of feel behind it and I I’m but I’m just waiting for a move higher to see what we do If we if we totally blow past 39 I mean 40 is a psychological number where there’s definitely gonna be some selling and that’ll be a pull back I can get back in on but I’m not willing to jump back in yet again until there is a move here now Some of you may be saying or wondering okay if you miss a move like this You know because I think longer you trade the The more you get out of losing trades pretty much right away If that’s the only way to stay in this game it is it see But Trading cryptos is a little bit different I think you got to give yourself a little bit more leeway, but When you see opportunities like this that you miss I mean that’s that’s when that’s when I get upset so I sold too early I Think and I know I wrote down in my journal my trade journal that I sold early because for no other reason than I was worried that it was going to sell off from that level and that was just me being afraid so I exited that trade too early and Kind of irritated by it, but Then the question is okay. So what if you missed it you chase it? No, don’t chase it Don’t buy it at the top it what if it rallied all the way to $1 I mean, yeah, you probably that would suck because you’re probably like, oh I should have entered there but you know if it drops 50% You’re gonna be really upset so one of the things that I just tried to look for is a pullback, so On the daily chart, which is gonna be the more accurate of them I know that this area right here seems to be a pretty standard Subjective resistance area that people are trading up against At the same time though, this this ripples ripples kind of a hard one to read right now There’s a lot of bullish things that are going on here because When you get price to close and cross above the conversion line and the baseline on a daily And you’re this close to the cloud. That’s usually a good sign. It’s gonna keep going up. This is a pretty good sign that Trend is about to change Let’s see the legging span is so far away from where it could cross above Just looking at the legging span today and looking up we’d have to we have to go up 20 cents That could happen, yeah that totally could happen but I mean Not saying that’s not a high probability That’s just but I think we’re too early and our in our in our kind of recovering phase here to see that happen. So There’s other opportunities out there But if we do get a big spike up It let’s say we got a spike up to 50 cents. I Will more than likely have when it hits that I will more than likely be Looking to re-enter at 45 or 40 or retest lower Because that will happen I mean that will definitely happen. But right now I mean if you’re just looking at the hourly chart right now You know These dips are being bought up pretty hard. So and This triangle might get across if I was going to enter I’d probably be entering pretty soon here at 37 73 that would be Just on an hourly timeframe Because we’re already getting conditions met where we can see a break of this pennant and yeah, so that’s I Mean, we don’t want to get too far extended from the baseline. Otherwise we get snapped back it’s harder harder and harder for price to move higher when you’re far away from the baseline, but thing is folks is that we’ve had such a pretty tight consolidated range here that if we if we follow the theory that price will move Equal to the amount of time. It was in consolidation that we’ve still got room to move higher here. So just Keeping my eye out on that If we do trade down though looking at the four-hour the hourly all I’ll you know a pullback down to 34 actually probably to the base and Then if it doesn’t get down here and rallies back up getting in on a rejection lower but otherwise my I I would I I know I have a Resting I have a limit order down down here at 34. I think it’s a little lower. I got to move it up but 34 actually just say yeah 3 3 3 4 3 I’d be alright. Is there XRP short? Oh, my god ripple shorts are are up holy shites Hold on a little crazy Here’s ripple ripple shorts are up. Oh my god Not a lot of people. This is a self-fulfilling prophecy. Holy cow. Look at this. Look at this short interest here. Oh my god People like really want to push this thing down There’s Gonna be some hurt people a triple can’t sell off I mean, it’s just going higher this this could sell off there could be a stupid rally. This is a risk/reward. Yeah Hold on I gotta get in this just just for this chart here fairly decent tights fairly tight stop, but oh My god I Mean this could just no its dive but All tie ripple is already the whole market. Okay, you guys gotta settle down with the excitement here for a second. Just look at this Ripple is already beat the hell up. Okay, it is already beaten down like crazy and the lower ripple has gone in priced the higher the short interest has gotten That’s a little Weird, that’s usually not how things work We should actually see short interest drop But holy cow ever since 4:00 in the morning we’ve had this jeez Louise there’s gonna be some This is this is almost charts where you start to see cannibalizing I mean when short interest is like this I Don’t care what the chart is time to go against it But I’m I’m I have my stop sitting down at 36 even So I guess that is not holy cow this is this is just this is just crazy oh Man I love it that is that is wild Ripple BitFenix folks are man that is There’s something up with the with these like bit Max and BitFenix and others that allow They have like these pseudo futures pseudo options and these the pseudo-inverse You know You know, there’s naked shorting going on and naked shorting if you’re unfamiliar with naked shorting. It’s illegal in the US in equity market, so You know if you want to short Apple you have to borrow some shares from somebody usually your broker will if you have like like if I have TD Ameritrade, so if I want it too short Apple And I don’t have any Apple too short on my own then the broker pretty much just lets you you can’t you kind of You really I think you’ve when you sign forms or you sign it whatever you’re agreed and that your shares can be used to short for other people, so if I want to borrow some shares to short then I actually have to have Quote a delivery of those shorts. There’s a period of time that that you let those come to you so I borrow some shares that are available and Equities are fixed volume. So there’s not like a whole bunch of them available all the time But if I’m shorting Apple you have to pay premium And you know there’s only yes there’s only a certain amount around and so if something great happens with Apple and everybody wants to buy it up, but I’ve got Shorts, I’m gonna get liquidated Like I’ll have to cover those. I’ll get a warning or it’ll just happen automatically and That’s what happens when you have a fixed volume market like Bitcoin is fixed volume, but I’m pretty sure there’s naked shorting going everywhere, so It’s kind of just following up like a derivative. It’s it’s weird, but This activity, oh my god, if we if we break higher here if we bust through this 337 and a half cents. Oh My gosh this This chart is going to get hit hard It’s going to get hit. You know, what in fact I Kind of want to I bet while we’re talking here This is gonna we’ll see what happens near the end of the hour in the next nine minutes Be interesting to see what happens to ripple and that short chart Hell let’s just let’s just watch this play out and see what happens. We’ll go dual charts And we’ll put sharks on the left lungs on the right See this these should not look at this thing There should not be as many This chart should not look like this. This makes no damn sense It’s like oh there’s an equal amount of shorting and lungs and with BitFenix No, this is this is a totally One of these is not like the other I Don’t know is this is this somebody like hedging one-for-one. I don’t know what this is This is kind of funny, but holy cow. Somebody’s gonna get someone who’s gonna get Hit here pretty hard, oh man This is nuts Ripple’s add a keep now the ripples at a key spot. So Think about this for a second if ripple were started were to start selling is there enough? Momentum, I mean clearly it looks like it for the short interest to go higher But I tell you if ripple has a breakout there’s gonna be the capitulation here From the shorts. I kind of want to see this play out here But I Don’t want to stop looking at me. We’ve got see we did a theorem Lagos monaro Cardno walton chain q Tom o XZ cash oMG and Ripple, excuse me Six minutes into the close here. Let’s watch this bad boy This is dumb this is really this is really messed up The whole econ my screens are really bright and I look at my picture here Four monitors I think is good Two is too little three leaves you wanting more for is perfect five is too much Netflix YouTube screen social media everybody bothering you screen other charts screen main screen Also if it’s boring overwatch screen Or Monitoring things that come on I Mean the volume here look at the logistic antsy the short volume that matters were just looking at the The chart but look at the volume here on ripple on the dollar pair. I Mean right here. Look at this. This is we’re still below but the I mean the volume is growing and it’s Looks to be look like it might the volume will close higher in this hour than it did in the pre prior Shorts just ticked up a little bit as ripple dead. Holy cow that Is nuts Oh Lois do you have are you in a position right now? Hoo-boy And bitcoins really taught to I mean Ripples got enough of a market cap being in the top five that if it has a big spike It’ll probably drag the rest of the market with it one way or the other maybe Bitcoin still has 56 percent of the market share There’s a bit this-this-this, I mean we’re in clear cumulation territory Yeah, we see it’s five minute chart five minute charts are sometimes a little fun I Call them panic charts because I mean when I first started trading I thought oh, my guys can be like a video game we’ll just chink some mountain dew and turn on some dubstep or something and well dubstep wasn’t around yet, but you know and then just yeah just trade like It’s a video game. Oh my god, and there were lost so much money in my life Yeah, look at the shorts keep entering in and ripples staying neutral to trading higher this is this is nuts Ooh If this breaks out to the top this is this is gonna be insane I Mean it’s gonna be wild. There’s there’s gonna be some there gonna be some nutso movement here Looks like Cardinal picked up a little bit. Just checking that one out here a Little bit it’s good potential tokens Caught a bid Nano xlm. Everything’s kind of growing a little bit, you know If all callings are growing and bitcoins not moving much Our theorem is not moving much that just means we’re getting a rotation of capital We’re going into more speculative markets if there is such a thing in in crypto currencies But there is there is something more speculative than Bitcoin or theorem and that is every other node. Oh There’s a little bit dip there One more minute See what the close of the hour in the open of the hour do There’s a pretty that pennant we’re talking about Pretty much all the behaviors of a trends descending triangle those are usually reversal patterns so we could see a could see a bit of a drop I Was trying to sell into the strength to acquire some more but the shirts charges just well yeah it dude It is not so that short chart is Okay new our let’s see. Let’s see where this where this goes I’m not I’m not I’m not I mean if we if we get into like another 15 20 minutes where nothing’s really happening here I’m gonna what will close the stream but and this is one of those times where like This is crazy. Where you gotta got to keep your eye on this I? Mean ripple is up from You know on the trading views chart shows we’re up 13 and a half-ish percent Whereas, you know if you look at finances Site and their exchange it’ll show that you know compare cuz because it’s just to its revolving 24 hours every minute you’re Checking what what it’s trading at now versus 24 hours ago so Your ripples actually up nineteen point two five percent compared to what it was at yesterday. Oh My god, it’s not dropping and that shard interest keeps rising Holy cow. There are gonna be some people like stung either way here But most of the pains will be generated by the shorts the short interest all right, if there’s people who have buy orders, which there’s it are like like me I mean like I Think I cancelled those. All right got it pulled up now. Yeah, I did because I did a market But if there’s people with resting buy orders up here and There’s also going to be some shorts that are gonna have to cover as well. This is this could just this is a recipe for Megha This’ll, this will travel up more than it will travel down In a scenario where we’ve got either direction The move down is not going to be anywhere near as bad as a ride up There is Oh God this Holy cow, this is the I’m anticipating a lot of fun here. I’m nerding out a little bit. So People what people don’t trust Ripple well who cares I don’t trust it either but oh my god, I’m not going to short it when It’s a what’s mimicking the lung action and there’s clearly buyers and strength behind this Oh my gosh. The thing is, is that okay. This is such a Noob thing to do is to want to be short here It’s it’s well, it’s not noobish, but it’s it’s dangerous because if you just look at the Price action behind it. It’s pretty healthy. But I mean it’s the thing is is that There’s I don’t know how the people who are here are how these shorts aren’t Exhausted. I mean every little tick up that we get if we get beyond this high here if we get beyond What is this high the? 3720 I mean even even a breakdown it’s gonna be I don’t know how much farther it would go. I mean the short interest here is just insane now It’s up to 53% Oops that me do do that This is just nuts Man Well, I don’t know what we got going on here but it doesn’t look like it wants to make a decision I’m looking at the I’m looking at the volume down here and you know, there’s Those volume bars are pretty telling there’s not a lot of sellers in here Because they’re probably all trying to short it. Where’s the We’re creating a higher note up here so Volume point control. I mean, I’ve nothing up here really matters, but it’s quite a bit of activity in here As shart interest it’s just nuts who is who is not set who is not anxious about this falling about their short positions getting illuminated Because there’s Man hold on To get my standing desk chair here Still moving up Well now the shorts are increasing in and I mean prices are still moving up but 50 3.75 percent up on ripple like how many more shorts are going to Be able to step in once this falls I Mean there’s a theory when you get when it comes to like short interest There’s a theory where some people say, don’t try and bet against What the majority of the traders are doing? But you Know that that’s true in a lot of like futures and forex markets in some ways, but this is one of those weird ones like I Mean how you know, how far will this go down? From where it’s at before a lot of these shorts want to cover I mean there’s going to be a big bounce either way Alright I’m gonna keep this chart up here, but I just on the left I want to look at and see what some others are doing Aetherium Had a nice hourly clothes it looks like yep finding support on the top of the hourly cloud Doing classic. Oh, yeah there in classic shape 1088 On the one-hour hu muku Litecoin Don’t like it Basic tension token Looking like it might catch another bid there Walton chain Nano really just needs to get another breakout here Bitcoin oh Man I think the whole markets about ready to Do another drive up she shorts? Xlm Z cash you cash have nice hourly clothes Manero it’s a really nice. Looking chart This is this is crazy, there’s still no there’s still no covering What they’ll still get still going up it said oh it’s 53.9% now Good god I have articles to write But I don’t want to stop watching this an anticipation of how exciting this is I’ve never seen this before I’ve never seen something like this before I Mean I am looking at the right charts, right? I am this is rippled and then this is XRP Ripple and ripple XRP and XRP. I’m not looking at a different chart. I Mean, I’m not looking at a different instrument. This is the inverse. Well, it’s supposed to be the inverse. I Was on the radio today? Yes, I was on Sirius XM just 12:30 Eastern I was on in Sirius XM No, I’m not I’m not leaving now I’m gonna I’m gonna keep this going here Excuse me What the f is this this is just nuts I mean This if this consolidates for the next few hours, this would be crazy but man okay, so the only sign of weakness that I’m seeing in the shark chart is that the the conversion and base They’re Getting tighter the cloud is will also be getting tighter and And prices are not Moving up as much anymore. But you know same with ripple is that we’ve got a pretty thin cloud right here But damn it if we’re still not Moving up finding a lot of support on the conversion line. It’s like consistently buying as it gets there And what the hell is that? That is? very divergent I got to get some music on. Oh Well, you tell me if it’s too loud Well, oh yeah, it’s off of my You see a little bit of a spike there, oh my god, this is gonna be so exciting We’ve got our own little mini triangle sitting in here in the 5 minute another another How does the Is the music too loud good for you, okay? Come on I don’t think loans are giving up here. There’s still people buying goddamn these shirts This is weird, this is so weird Mmm might be getting a little bit of slow down here. Let me Where the short sitting at we are Still at 53.9 Place there’s a lot that want to step in here I mean I don’t know like how much only more shorts or get it people if people step into short now You may have broke down they missed the boat. Oh My god, there we go. We might see a might see a might see the move happen Might see this guy take off Look at the short chart I Need popcorn I got maybe a pane showing up here Strong 5-minute clothes Shorts, oh there’s a lot of a shirt activity on that. Last one might be might be seeing some down move in the short Very close to a breakout I Can see it like face resistance up here a strong move down here to test it with a huge-ass wick or shadow Below here only to get bought back up and trap a lot of shorts But there’s a lot of momentum here. There’s It’s crazy amount Short interest did drop it was at 50. Oh, wait. No, I’m sorry It actually went up it was that fifty three point now in now, it’s a fifty four point. Oh six As the shorts shirts keep moving up with the long price This is so truly this is this is just this is just dumb This is this is dumb and exciting and it’s so weird to see this Still at fifty 4.06 Good just a little bit of a disease a little like When you’re shooting pool in that ball just gets right at the edge of the pocket We’re just a little bit of wind push it over. That’s what we’re sitting Oh my gosh Let me up Dollar Index didn’t hit pretty hard too. Oh, yeah That’ll little have a strength to market Beginning of something dropping This is why I don’t like five-minute chart I got burned so much tonight For our daily relaxed I Remember how much anxiety I would get looking at a five-minute shark-like zoomed in like this Okay, look naked price action. All I got to do is watch these things floor Nerves forth This is just absolutely the weirdest damn thing like as The spot price of ripple is moving up this short chart interest Follows it rep 54 Point two percent sharks Like creating all-time highs on the shirt chart Just just look at this daily, I Meant over here Over here on the daily though This is this is stupid look at this bar for the short interest Almost the 40,000 is the level that got rejected yesterday for Bitcoin Oh Any shorts that start to bounce now are going to are going to be the tipping point for this to move higher I mean, this is This is nuts. I mean if we were if ripple was like up here like today like it is today But the short interest was at 5% or not even near all-time highs we’d be we’d be whistling a different tune But this is just nuts who the hell is shorting this right now? And who the hell is even participating it along in it? Like I mean we are but It’s just because this risk to reward is is stupidly high right now for going long It just keeps moving so do the shorts Fifty four point three nine percent. Oh my god, they’re gonna get rolled over. This is ridiculous Very close to hip breakout with no signs of wanting to break down when the volumes in here and volume in here is pretty keeps going up to 4.3 9% I keep thinking it might be an idiot looking at two different Instruments. No, it’s this is Ripple short or some ripple long Well, there it is first little first little tag up looking at possible breakout Could be a fake-out higher or lower but Supporter trade Cerium sketching a bid bitcoins catching a bit higher Just tip a little bit higher. Oh my god. I think we’re about to see something crazy happen Short tiny man, was that no, no, no just spiked up fifty four point. Five five. That’s making yeah Shorts at an all-time high So this is the definition right what’s happening on the screen to the left this is the shirt So this is telling us that we’re at all-time highs for the short trainers for Ripple’s So this is like people are trying to buy the top on the ripple chart new new traders and newbies do this They get the FOMO of missing out the shorts. This is moving higher. Why? This is not moving anywhere Fifty four and a half percent Short interest fifty four points moving up as the price is moving up Do you think an altcoin rally can Yeah, all coins can rally the whole market. Yep. Yep. Definitely. I think actually that’s that what that is what needs to happen because if you notice that when when Bitcoin has a Significant portion of the market cap that means that people are not participating in the rest of the market there. They’re just not The speculative altcoin market is where the crypto currency market cat finds its Most of its growth and you get a nice rotation of that capital of people You know get you know selling back into Bitcoin resting on it seeing altcoin market sell-off a little bit Okay, so we did drop a little bit fifty four point three one percent of the shorts instead of sitting here at oh god, this is Well, I’m not so much excited about the screen on the right I mean I am I’m really excited about what what we could see happen over here in the shorts I’m gonna do like a fist pump. Once that happens once these things go Ripple BitFenix funding Fifteen point three one percent. Well, we actually had gap up on a five-minute chart with a little selling there Wouldn’t mind seeing a pullback down to this trendline that’s what you always want to see but fifty four point eight five percent key Bend to those shorts Oh mylanta There’s got to be a point where I think my profit target is probably getting here 40,000 all-time high huge psychological number on that short chart price is still moving higher in the spot market Stock markets at an all-time high Nasdaq. Got a great recovery. It’s just everything’s awesome Oh my god Why is that shark charge still sitting there fifty four point eight five percent so he’s got a really big account for their margin shorts Thirty-eight sitting daily highs I mean There’s people like I’m just I have I’ve trading via chat on the bottom and also like have some other chats on there I love seeing psychological sentiment because that’s one of a great indicator So, you know when you have everybody screaming shorts, it’s usually get back to consider a long trade Holy cow 56% short so if you’re like People don’t trust Ripple that’s why everybody sharp. I understand that why the hell would you short it now, though? Spot prices keeps going up. There’s got to be shorts Fueling this rally right now. It’s just not getting reflected in the chart on the left I mean unless this bit the next short chart where it’s differently than when I think it Holy cow Well, there it is there’s a dip there’s a dip on the shorts 750 three point six nine percent left that fuck. This thing’s in rally and part my friend drive up This is a short squeeze books, I Mean Don’t don’t want to get all getting. I mean really, I’m not III don’t like ripple at all. I Personally abhorrent. I think it’s as bad as Bitcoin cash, but I like price action and and this shit going on right now is weird because this This this short chart is still stupidly high as prices. Keep moving up in Ripple. I Mean bitcoins catching a bid right now. So as theorem, oh my god people That unless this is one big bull trap, which I don’t I don’t see it Fifty two point nine four percent on that shorts I don’t want to get grotesque but and I and I don’t know if this is lingo that’s used everywhere but in trading view They call large Green candlesticks like this cucumbers, they call them big green cucumbers, and then they call Again this is the lingo that I see people in trading view use is they call the the large red bearish candle sticks? They call them big red dildos. I think it’s kind of funny in a crass sort of way, but Now this short once I mean this pump up here really Has a lot more to go if we’re going to consider that if this is real time Accurate if these are all shorts that have to cover From these all-time highs then ripple is going to ripple higher I Have not seen this kind of activity before this is this is kind of nuts Where you have Daily highs Multi how many weeks higher are we on this guy? Gap up on the five and it’ll fit covered the gap Generally means we move higher and a gap even that a short timeframe Why not I look at it’s five minutes. That’s what I want to look at. There. It is big red thing But they’re mirroring each other I don’t know why that is, why are the shirts and the lungs all at the same here very bizarre You clear The dips are getting bought up that ripple interest keeps going We are no longer above 50% for short interest on Ripple short chart. We are below it at 48 point to 2% lots of Stuff going on here. This is crazy. This is just nuts This is gonna dip again that that short chart interest is going to dip again holy cow Also adding to the flux fluctuation of the prices here is that Bitcoin is Catching you bid now and so is aetherium and all these other guys are catching a nice drive higher. Oh mylanta My profit target did get hit and ripple I just check that but Look at that big gap down have five picture. I didn’t even notice it until Until now, I thought it was still hanging out up here like it was biking but there it is right down here Forty eight point one six percent Ripple still I mean 10 on technicals. This is straight-up parabolic. Yeah, I mean I’ve been in charge but you I mean you probably expect to see some type of retracement but This is crazy Man Oh like everything’s ketchup wait Golde just caught up a little bit section treating a little higher now to Euros blasting through talk about that fart slimeball of our courts position great Just all the Canadian dollar still kind of sitting there geez what pounds actually New Zealand dollar screaming Aussie dollar. Come on pick up the slack This come on this is the shark chart I mean There’s got to be people People participating up here. They got to be feeling Really sick to their stomach So a candlestick like this This is a nightmare if you’re if you’re trying to trade on a short-term time frame or if you’re like Oh my god rip a little look at all the look how high it is. This thing sucks Because people don’t trust it This has got to be very stressful for those people who tried to Short up here, which actually I mean you should short the tops but not when it looks like this over here Holy cow. This is this is this is nuts again looking at the daily This is like trying to buy the top such Oh, God died look look at that on the right It just keeps going Shorts are going to get rolled over man. I mean they are going to get dumped on they’re gonna get We kind of named us a better session for the day XRP shorts got wrecked. Wait a minute that that wasn’t the title before sneaky sneaky business partners Okay, I’m looking at the nexus shirt chart here, you know, I wonder let me pull up coinage E&C Man looking at that Hourly for ripple is massive, and it’s just a continuation. We were talking about that earlier You know when you see that this this pennant pattern there just continuations This has not moved Oh for some yeah, of course short interest most This this is not this is not reflecting what is happening for here You should be a Death signal on this shorter Jeez Ripa was just going crazy Ripple’s up 20% Well, it’s short chart reaches all-time highs ins just kind of sitting there dude I feel sick bastard sure because I know that there’s There there’s some red there finally Wasn’t the incorrect What Oh duh I’m trying to put it in crypto Piett not Just this price action, it’s just Is the volume okay for the music, I think the music’s still going right? There it is, there’s that big ol red thing Wow It’s a pretty crazy move What was I doing Was I looking up dangit? You see this is where the shorts start to cannibalize this is a short squeeze Well, I’m happy and we didn’t log off because this is exciting It’s actually pretty comical this is Like look old coin did you that’s I Need to go to it for next Here’s an excerpt feed that for next bowl chart, where’s the where’s the short turns? I don’t think they have Wow 21% gain on the day now I think like 40 cents is where You might see it turn How low do you think those shirts can go I’m surprised this thing hasn’t retraced already. It’s gone down a whopping 6% Shorts I mean they’ve gotta they’ve gotta feel pain and pressure That’s not there’s a lot of momentum I’d be surprised if we didn’t test it before A little bit of selling pressure right there Pretty normal though that 40 fine I think you know and I don’t know how long we’re gonna see this It’s kind of justify our stuff just with Boy this is hilarious crazy crazy crazy Take your profit at those key areas folks And then usually when you start to see this kind of moves people who are short and in a panic mode after a little bit of Retracement they might feel okay about leaving their position Now if that there’s been a little bit of retracement anything they got out the pain and misery that they’re in Yeah, now we’re bleeding off they’re loose did you take profit or are you still in it? That’s getting bought right back up look at that go Forty three and a half percent on those charts, let’s look at what’s the hourly look like here? Hourly let’s look what the daily looks like. Oh We need to we need to down a little bit farther come on For our oh that is bearish as f It’s crazy Wow Well, I think I think that was the excitement it was very exciting That was that was a kind of badass be interested to see what how this goes the rest of the evenings I’m going to keep an eye on it. But um definitely, uh Nice, yep point three nine That is the pro exit. Yep That is the way to do it Let’s just real quick one take a quick look at All these others So make for a good video, yeah I Mean, I wish I wish we would have seen more of us a sell-off here but in the shorts or covering in the shorts But it’s pretty damn funny. So write a theorem Theory I’m looking like it may have a break up pretty soon Card I’ll still looking healthy Bitcoin yeah bitcoins gonna have a drive up there nice hourly conditions on our fastest law oscillators Machines yeah, no, it’s too gtfo higher CRX now there he goes erection. We did it that trades going out very nicely Alright well that wasn’t good that was fun to watch Jeez Cool cool cool. Well anyways, hope you guys have had a good trade dish so far. Hope you guys have had a good week Forex lens folks. I will see you tomorrow morning and the rest of you if I don’t see the morning I will see you tomorrow afternoon. I’m gonna get some food in me getting hungry on and so Have a good rest of your trade day and watch these markets because there’s some definite Excitement coming back into these so goddamn this they didn’t fight all the way back up Well, I’ll stop time but I won’t stick around forever, so yep good good good day today This is just this is just crazy get a hold on. This is just nuts Where did I put that? Man We’re gonna probably form another pennant before there’s another breakout and shorts are Lots of fun stuff coming up again tons of volume But that same trade that’s real quick that same trade we were talking about Or he’s been to the long and a pull back down to three for three I mean keep an eye on that according to like where it’s at on the baseline and According to where it’s at Relation to the floor on one-hour chart because The pullback now may I mean we may have to wait them for a little higher, but still I think Let’s look here at the four hour Because we said three four pull back two three four three I Think that’s gonna have to get adjusted maybe two three five Yeah, yeah three five That’s the pullback trade Cool all right. Oh It looks like shirts have to keep going oh Man, okay, I gotta go. I gotta go. I gotta I gotta eat I’m gonna pass out if I don’t eat Guys, have a good rest of your day, and we’ll have a lot to talk about tomorrow Broadcasts, okay. See you later

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