Once upon a time there were so many XRP disbelievers that they were able to push prices lower. They had the time of their life, and ignored everything that a good investors has to do: study both long term and medium term charts, verify correlations, understand and respect fundamental laws. When their one sided view went against them it felt like a dream but it appeared to be harsh reality. As with everything in investing a narrow viewpoint will create damage over time. Everyone has to learn, so it’s fine to miss out a few crucial data points when defining an investing thesis. However, a perma-whatever viewpoint is ultimately not going to work, not in crypto markets not in traditional markets not in XRP. As per our XRP forecast for 2020 the XRP bull market is still intact, and the grand secular crypto bull market goes on as per our crypto predictions. Even the XRP chart shows this, but it’s only visible to those that are willing to respect to chart analysis principles as opposed to their personal opinion leading the analysis.
We may sound ‘slightly’ provocative in our introduction but it’s really on purpose. We don’t find value in bashing on anyone. However, we strongly believe we have to learn from each other.
That’s why there is nothing as powerful as going back in time and look at your viewpoint back then. If it appeared that the market went another direction you owe yourself an explanation why you got it wrong, and how you can avoid it.
There is no other market that deserves this more than the XRP market. Particularly the emotions vis-à-vis XRP is something we have never seen before (only the gold market comes close).
One way or another there are 2 ‘camps’ with a strong emotional tie to XRP or against XRP.
The point we are trying to make here is simple: once there is emotion at play you better take a step back. Emotions are the single biggest enemy of successful investing.
We are strong believers in XRP, but not because of emotions. We continuously challenge our viewpoints based on what we believe are the mandatory components of our long term bullish XRP investing thesis. These components include both long term and medium term chart analysis, fundamental drivers of the XRP price, intermarket and intramarket correlation. No coincidence, these are the 3 components we mentioned in our introduction.
Note as well as that you count 3 components. No coincidence that the ‘rule of 3’ is the basis of our investing decisions.
In the 2nd part of 2019 people thought we were crazy, and we literally got this feedback even in the public. This came on the articles we wrote:
These articles appeared in the public at a time when the consensus view was to short crypto markets as the one and only ‘right’ position.
Today the market has proven that our market calls were spot-on.
Especially the medium term term XRP chart, one that all of the pseudo-gurus on social media ‘forgot’ to include in their ‘analysis’ has this perfect ‘failed breakdown’ pattern.
Below is the weekly chart, it shows only 2 (!) consecutive weekly closes below this giant triangle pattern that is in the making for +2 years.
Oh boy how disastrous was it for people that ‘forgot’ to check this chart timeframe, and went against XRP in December based on those numerous tweets and articles featuring only the short term XRP chart.
We want to amplify this point based on some quotes we sent to our premium crypto members. Particularly on December 7th, 2019 we wrote this “Must-read XRP update” to our premium crypto members.
In fact this may become the single most important XRP update we have ever written in +2 years to our crypto members! One that may have lasting impact for many years, and will ultimately help us achieve our goal = reward all of us collectively.
Between now and then we have to be focused on ADOPTION + chart patterns. So what do we see happening right now in both? Pretty fascinating, let’s explain what we see!
So right back then, so actual still today, so important in 2020 AND 2021.
We feature a small part of this update sent to our premium crypto members (in italic below):
Talking about XRP charts. Do you remember this optical illusion picture in which you can see a beautiful young lady but also a witch? Watch until you see both.
That’s exactly what the XRP chart is today!
Skeptics look at this long consolidation, and conclude “this thing is going nowhere, pure crap”.
WE look at this and say “if we only can continue to trade above this support line (which was tested in recent weeks) the outcome will be amazing!”
Anyone making a point like the ones of the skeptics has no clue of how markets truly work.
Let’s be clear here: they might be right IF (just if) support at $.20 is violated. But it will be because of general crypto weakness, not because of the fact that XRP trades flat for 1.5 year!
Big, big difference folks!
Obviously at the time of writing there is no ‘proof’. The accuracy only become clear later in time.
We believe the market clearly showed that our XRP viewpoint is accurate. This means to us that XRP is well on its way to become the most promising cryptocurrency, not just in terms of adoption but also in terms of XRP.
Patience is becoming increasingly important in this short sighted world that is dominated by superficial content. There is another way to look at this: if you are able to be disciplined and filter out 99% of useless content you will do better than every before. That’s the edge that members of InvestingHaven have especially with the cryptocurrency investing research service. Note that all quotes in this article come from our premium crypto service, and they are instantly available to new members signing up here.