Bragging Rights for Accurately Predicting Massive XRP Break Out
The only thing I changed about this chart was extending the support line out slightly so it connected with the downwards trend line. I did not adjust where the lines were set from my previous prediction.
The chart went up 7% to where I had plotted the resistance to be at. I made it clear that I couldn't tell if XRP would break upwards or downwards, and had plotted this resistance line on my previous chart. When it was unable to break this resistance it showed that it was a false upwards break, and a downwards break was triggered of 37% from that high, or 30% from before the false break.
This occured very close to where I predicted it would occur. I very accurately predicted the breakout point and the resistance for this break that would need to be cleared for an upwards break. I did not predict if the break would occur upwards or downwards.
Since I do not invest much in crypto I wasn't able to profit off of it, and put a small $300 or so bet upwards before going to bed for fun, nothing I was worried about losing with much consequence. If I had stayed awake and monitored it more carefully I would have been able to profit off of the break, but hey at least I get bragging rights for predicting that one would occur, albeit not being able to guess the correct direction. Again if I had been up and monitoring it I would have been able to recognize that it was going to break downwards after it failed to clear the resistance level to indicate an upwards break. I hope that somehow who saw my prediction chart was able to follow it and make some money however.
Always do your own research, and don't take any of my speculation as financial advise. If you would like to share or follow me though I'd appreciate it.
The chart went up 7% to where I had plotted the resistance to be at. I made it clear that I couldn't tell if XRP would break upwards or downwards, and had plotted this resistance line on my previous chart. When it was unable to break this resistance it showed that it was a false upwards break, and a downwards break was triggered of 37% from that high, or 30% from before the false break.
This occured very close to where I predicted it would occur. I very accurately predicted the breakout point and the resistance for this break that would need to be cleared for an upwards break. I did not predict if the break would occur upwards or downwards.
Since I do not invest much in crypto I wasn't able to profit off of it, and put a small $300 or so bet upwards before going to bed for fun, nothing I was worried about losing with much consequence. If I had stayed awake and monitored it more carefully I would have been able to profit off of the break, but hey at least I get bragging rights for predicting that one would occur, albeit not being able to guess the correct direction. Again if I had been up and monitoring it I would have been able to recognize that it was going to break downwards after it failed to clear the resistance level to indicate an upwards break. I hope that somehow who saw my prediction chart was able to follow it and make some money however.
Always do your own research, and don't take any of my speculation as financial advise. If you would like to share or follow me though I'd appreciate it.
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