welcome back it's the 20th of november 2020.. Friday is a freaking weekend it's the fifth day of the week. So have yourselves a great great great great great weekend ahead of you have something nice to eat and i don't know watch a nice movie. No, you can go to simon watch a nice series what's a hottest series right now. Queen'S gambit, i think queens gambit is a hottest, hottest series right now on netflix and yeah anyway. I just finished watching gangs of london great great series as well, but i think it started last year, if you're not wrong, was it easy or last year? I think it was a last year uh series and yeah. I love it gangs of london but it's, very violent of um yeah anyway uh. Where are we? We are number four xrp with the sticker xrp what's up, brad garlinghouse, obviously he's not watching uh anyway, for maybe he's. You must see brad curlinghouse suddenly leave a comment. Hey you what's up. You know, obviously not anyway, for xrp against bdc here we're still in a downward trajectory. The trend is still down for xrp against bdc i've said this many many times before to really truly gauge the strength of a coin. Look at the btc pair and the pdc pair for xrp is still down down down down down right um over here when the bounce came in. You might think okay it's time to go in, i think, it's time to see xrp go to the moon.
No! What happened we dropped? How much did we drop 47 percent from from the top until now, how many percent 58 percent, and then suddenly over here you might see a rally coming is this it are we gon na go on a buoyancy trend? No, what happened? We drop: how much will you drop 44, so that's, why it's very very important to not rush into a trade, because you don't know when things are really truly going to be reversing right based on what i see, things are not reversing. Yet there was potential over here for a reversal. Absolutely. I was watching things very very closely. I was anticipating a five way squeeze over here, a b c d e and then pump. We could have blasted off right, but we did not blast off what happened. We invalidated the abcde, japan, we broke the support, and so this became something else uh again over here. We were aware that potentially we might get some sort of a head insurance, but what happened? No, we dropped lower. We took out the lows over here, and so it just became something else altogether. We no longer became a uh inverse head and shoulders, and so yeah right now we are here again. There is a shooting star and shooting stars mean that there is still selling pressure. Even at such a low point, there is still selling pressure. This means that the whales are looking forward to accumulate xrp at much lower levels.
How much lower i don't know i think we're gon na form new lows. This is on bitfenix new lows on between x. Very likely we're gon na be taking out the lows over here at about 1 000 satoshi's. We already had a thousand six satoshi's. Will we take out a thousand satoshis? Potentially we could, but again there is nothing bullish about this move right now we already very oversold, but just because you're oversold doesn't mean you can't go any lower. We were oversold over here and guess what we dropped. How much did we drop another 58? 57. 58. So you know that's why it's very important not to rush into a trade. We still do not know what is going to happen yet for xrp will xrp now one day, reverse backup. Sure, of course, for sure xrp is a it's a top coin. It has been a top coin for for how many years and and nobody has unseated xrp. Yet xrp's market cap is at 13 billion. The nearest competitor will be changing and chinese only at five and uh cheney will have to double its uh price uh before it could more than double its market cap triple its market cap. Before it could uh overtake xrp triple q. You know it has to perform a triple kill before it could. Um surpass xrp right and to do triple. It takes a lot. A lot lot: lots of energy, a lot of effort and a lot of money so again, um xrp, a solid coin uh when it's time, yes, no it's, not the time.
So you have to be patient and you have to wait for the xrp wheels to do directing right for xrp against usd. You might think that things are not really that bad yeah. But if you look at this, this shows very clearly that the coin that you should be in is not xrp it's. Actually in btc, because xrp has been losing its satoshi's satoshi values again, it has been losing satoshi's against bdc, and so this is just very clear that the coin that you should be in is in btc one fine day. Xrp is going to rise back up and when that day comes, we will be taking trades. You can bet your, but that we will be taking trades for xrp all right, let's move on to xrp against usd, but before that, please give this video a like. If you enjoyed it subscribe to the channel – and let me know if you think about xrp in the comments below let's check out last week's comments, we were saying: xrp is really really oversold and so yeah here we go. Dd says i'm waiting for the inverse insulators to complete. If it does, the same is seen on yeah. There are a lot of inverse head and shoulders all over the place and we are waiting for uh more information first before doing anything. Another thing is that bdc is very, very, very, very, very overbought, and so eventually bdc is going to correct for sure there will be a deep correction coming in for btc.
There will be a deep dip deep, deep coming for btc, so yeah uh smoking, some harsh weight, um gabo, says i'm, so glad i traded my testosterone, xrp it's, a big success, good job, gabo, greater says. First time i ever watched a video, and i admit the intro was very genuine. I like it. Thank you very much. Rafael says you got a call very jumper. I almost got a call, but i didn't so yeah miss me that call the call was coming towards me missed me the bosses that great v. Thank you very much. I know xrp doesn't, look like it's going to do anything, but i believe it has a huge future uh. You can say that for a lot of the other coins, not just for xrp, a lot of other coins has a huge future as well, but uh. Whether if you realize that future is not a story in itself, right as faster says, yo dog, you got the rona, the chinese virus, you mean china, gary says: don't, sell your xrp, write it out and read it hoddle hoddle hollow. This is a very bad advice. Very bad advice: imagine if somebody got in here: hoddle hoddle hoddle hold on hoddle holder for yeah it's, very bad advice for me: it's, a very bad advice, because you know yeah look at how far xrp fell 95. Imagine if i got out here right, i could have saved my butt and i could have you know if, for example, you go out here and you re bought back somewhere around here.
Wouldn'T, this be better right and then you don't have to go through the pain of all this right. So this comes with the skills of reading charts, so yeah anyway, um chronic, says on this level. Time frame, look to the higher time frame, there's, always more room for more selling. Where will be the reversal? That'D be the tricky part. Yes, sir, i like seeing this idea of waiting for a serious bounce and then buying the retrace with the thumbs up. Yes, sir. So we are always very careful and we are always looking for making profits with the lowest risk possible if something carries a high risk uh. We are not going to be doing it if the uh risk is smaller yeah once the risk has you know, kind of dropped then probably will take that uh trade, but not when the risk is so high that things could still collapse. Much lower right, anthony, says you're a great analyzer, great read as well. I want extrapolate to moon. I want xrp to moon yeah. This is out of your control, it's, not about whether you want it on you. Nobody can. I mean everybody wants xrp. Everybody wants to, you, know, make money but again uh, because all the ceremonies are going to use it yeah, but again it is out of our control right. You may argue that srp has the strongest fundamentals. Xrp has so many central banks yeah, but why is he still dropping right? What yeah so again that's why i feel like um, um, technical analysis, trumps, fundamental analysis, uh, and so just because uh something has strong tech.
Uh fundamentals, doesn't mean it cannot drop 95. Yes, so yeah. This is where i think that technical analysis is superior to fundamental analysis. I'M. Not saying fundamental analysis does not have any value right. It doesn't bring any value, but uh. I still feel that technicals are superior in the sense that you can even detect whether if the wheels are already in play or not right, whether if insider trading is happening or not, you can actually see it on the charts actually yeah. If you are a technical analysts that you will see, you know funny things happening here before like, for example, uh before news comes up before the news comes out, you can already see things on the charts so yeah anyway for xrp against usd um yeah. I think this is uh shaping up to be a potential inverse head and shoulders. I feel like this is going to become a right shoulder and potentially we could see us a super uh spike towards the upside. Potentially, we could see that we are rising. So are we getting it? Is this an inverse head and shoulders? Ladies and gentlemen, please let me know whether this is an inverse and show this yeah. We are not exactly sure we don't really have any clear Music. Any clear tradable chart pattern yet uh. Yes, it could be an inverse and showed us uh, even if we do break uh you're, going to be very careful because there's a strong resistance over here so yeah to be honest, uh, we would prefer it um if we could uh accumulate a little bit more Here, right, uh consolidate a little bit more here before we break higher.
This will be the best case for xrp. If it does happen great, if not, then we are going to have to readjust ourselves and if it does break a parabolic parabolically, then yeah we'll be looking out for entries. So there you go potential is there, but i still don't see any clear tradable chart patterns for xrp, yet not at this point of time, eventually sure now soon yeah, maybe soon so we'll – be watching it very very closely. But you have to keep an eye on bdc as well, because bbc is very, very, very, very overbought and so like i was saying when it retraces it's going to pull everybody down along with it. So you have to be very, very careful about going to a trade too soon, because uh bbc goes everybody goes as well so yeah there you go that's my take phone xrp. Thank you very much for watching.