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@ryzzqq
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THERE IS YOUR TURKEY CANDLE
XRP's MOAS is near Some scenarios where I will start twapping in my short 1)Once XRP FDV flips ETH FDV or goes anywhere near (this is my highest conviction cue among the following scenarios) 2)Post 20th January I am expecting XRP to underperform relative to the market which is the exact opposite of its current isolated strength, so the best way to play it out is to enter a slow twap that runs over the next few days and keep adding more as it goes higher 3) If XRP touches $4.269 (these meme numbers works like a charm) I know many have tried to short xrp in the past 2 months only to end up getting burnt all this time and they have mentally given up on it. And I am finally seeing those people go long here and believe in XRP being the future of finance. In hindsight all we know is that the real trump winning the elections trade was XRP if that was the news that propelled this whole speculative rally then What can cause Sell the news? Invalidations (ngl when i was writing these down it made me doubt my thesis in the first place multiple times) I am aware that: >XRP's ETF news can drop anytime which will invalidate my thesis >Trump is already hinting about including XRP in the reserve Contd. XRP is a big beneficaiary of the MADE In USA narrative and we are entering trump's crypto friendly regime going forward But if anything I have learnt in this industry in the past 3 years everything is most of the times frontrunned >XRPL's TVL can skyrocket which will kick in the XRP flywheel considering the coins listed there are denominated in XRP as of now the TVL is just $86mn and there is lots of friction to bridge there once that is smoothened out the real money will flow there but the only people buying on XRP's chain are PVP mindset driven CT folks none of the retail is buying xrp memes on the ledger. And one thing that we know for sure is none of the natives are behind this XRP's recent rally majority faded it. Anyway even after all these bullish points I still expect XRP to print a turkey candle.
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There are no more cycles in this new paradigm—just fleeting bursts of euphoria
@ryzzqq do you think we still see new highs or do you think we’ve cycle topped?
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