RIPPLE ADOPTION PUSHED BY CENTRAL BANKS - CBDCS; XRP RUSH HOUR RIPPLE XRP NEWS ; XRP NEWS TODAY

RIPPLE ADOPTION PUSHED BY CENTRAL BANKS - CBDCS; XRP RUSH HOUR RIPPLE XRP NEWS ; XRP NEWS TODAY

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the crypto market is slowly bouncing back and  as it bounces back you do see a ton of new   information coming out of the market now it can  be confusing in one point if you are not looking   at it properly because some give you like okay  you don't need a central bank digital currency   but on the other hand you see central banks  are working on central bank digital currency   this particular entire staff shows you okay  60 central banks are working on it and they   are going to come out with their central bank  digital currencies and some of them are going   to do this in this financial year right and what  is happening behind the screen when you go into   the technology side of it it clearly shows you one  stuff now read this slowly banks may need to adapt   the infrastructure to process cbdc transactions so  you need to be in interoperable platform enhanced   digital apps to introduce cbdc functionality  leveraging existing processes so you do have   existing processes which can actually be easily  adapted then evolve customer interfaces so for me   while reading this i'm like okay you need to  enable an open compatible infrastructure hardware   which is compatible with the central bank  digital currency and uh you know there is   a us-based company with sales software named as  ripple way it enables banks to do all of this and   i think that's going to be a huge success as you  look at the further steps because the next steps   here is literally interesting now the other side  of this when our institution like circle coming   out and saying okay you really don't need a single  bank digital currency it goes back to like okay   what are they doing okay what's their business  model if this one comes out are they being hit   hard you need to look at both the sides before you  decide something huge right because right now on   different front you are looking at disruptions and  as you see these disruptions one thing is actually   completely sure the bigger economies which are  you know going to be the biggest economy in   next two three years china india you know  these countries with a lot of demographic   bullets they're gonna lead and right now if you  look at this they are like okay we are going to   do this in this financial year and it's not going  to be one step and why this gets so interesting   because for me when i'm looking at this  entire structure this based company   is going to expand its workforce in india  now it's not like ripple did not have any   partnerships in india two years three years back  we have directly listened from ashish birla that   50 percent of the banks are in the pipeline now  that's two three years back after this three years   with the level of adoption which we see for ripple  then they go doubling down inside this country   at the time when the central bank is about to rule  out their central bank digital currency slowly   that says a lot this market is going to be  huge now inside this market yes i do agree   you have issues like this at first it was like  you know luna comes out makes a lot of people just   lunatics and takes their money now this one is  like okay we are decentralized but we'll have   to halt this every now and then to solve these  issues now what happens when these happens on the   one side the network which works fine get people  coming in people will be like okay if you are in   those platforms you're like okay why would i just  use that one right that's a huge opportunity for   you and that's why i say when a company like  ripple is building on these you get to say okay   this is literally going to happen now when all of  this happens understand on the outside economy not   the crypto economy the outside economy you are  expecting the inflation to slow down because the   central bank's starting to tighten fine but  this comes out from the blackrock ceo which   kind of goes back to the world economic forum then  again goes back to the conspiracy theories but you   get my point now with all of this happening on  one side with this happening towards the crypto   meaning you know when single bank digital  currencies come your stable coin requirement would   be going lower fine we'll have to see how the  stable coins and cbdc's get along but most likely   people will still want to use stable coins over  the central bank digital currencies because   mostly privacy concerns you don't really want to  give all of your information to the governments   you they already have a ton and most of the human  beings would agree on this point whereas you'll   go look at like okay let me go through usdc let  me go through usdt now these are like just one   company doing that but if in different countries  banks can literally print money right now crypto   market is bouncing back now as it bounces back you  do see a lot of opportunities popping up right you   just go look at like okay how many of these coins  are actually doing wonders how many of these coins   actually breaking through the resistance so as you  go through this you see some of these like okay   they are running 20 they are running 30 percentage  a day and why is that they are running like that   you had a trendline support say especially for  this one golem and then you have a horizontal   resistance and the rsi was showing again i'm  at that area but i'm gonna break and if you are   breaking your measured move was like 50 percentage  great and the next one is like 160 percentage fine   what happened boom it just broke higher now as you  go look at the market you're like okay it hit that   level and it corrected back down so that means you  are starting to trend higher now you look at this   and it's going to connect back down make a higher  high higher low pattern if you're entering at the   top you miss that that's why you actually  need to know where your target is where the   next resistance is so that you don't jump into  that green candle and get stuck there now this   happens in short term medium term long term  so it depends on what type of investor you are but it really doesn't matter whether you are  a short to medium term investor medium to long   term investor or a long term investor because  you get everything you needed here so welcome   to the scientific investor family where we discuss  crypto and science behind investing and when i say   that i do mean that you look at this particular  video here where we explain how things evolve   in different patterns right we actually talked  about that in detail and as we went through that   we explained okay market is showing you different  possibilities that it may literally come back and   do that in different assets so now say this  is exactly you look at the trend okay that's   long-term trend line you are coming lower each  time you touch that you have kind of an instant   reversal you don't spend too much time there fine  you zoom in to see what's happening there right   now you have a long wicked candle then going to  retest the bottom then you are getting inverted   hammer now this is xrp right so now we are zooming  even in to understand okay what's happening   then from that candlestick pattern you go to the  actual pattern on a daily and you get like this   okay you're breaking higher you're coming back  to retest that now is it just happening in xrp   no it's not if you're going to look at dc you get  the same day it's breaking higher it's coming back   re-testing and bouncing good now this one you can  either say okay exactly is correlated to bitcoin   on bitcoin let's go to later xrp it's generally  the crypto market showing you this signal   the long term wikia in this weekly shows you the  ability of buyers coming inside this particular   range so for them that's a huge buying range now  this is one of the reason why we talked about this   in detail you see these longer shadows you see  how it actually plays out and then in this video   we actually talked about you know literally how  this actually plays out in the market right not   just the textbook pattern but how it plays out  in the market and that's where you get like okay   you get this bounce you may bounce up but again  you are going to come back to the downside   and then you get a engulfing candle or another  one now it definitely depends on whether it's   happening on a short time frame or long like  i say like this one which is on a weekly   gives you more information that this is going to  happen without much of a inconsistencies right   when you go zoom in you are going to have a bit  more uncertainties associated because you are now   zoomed in right so looking at these opportunities  you decide whether you're in a bear market whether   you're in a bull market now it's completely  dependent if you are there for the market for   a year and the market happens to be correcting  for one year that's a bear market for you but   you are there for five years and it's like two  years of downside and the next three years to   the upside fine you're actually accumulating  but right now what you are getting is something   which happens in crypto market every now and  then in these wave structures let me explain   you may actually ask like okay we've been  moving to the downside for a very long time   agreed no one is denying that but if you consider  this moment to the downside in last cycle was like   200 days to the downside after your rally of  140 days they say 140 days to the upside and   then you go down 200 days and now if you actually  look at this crypto market break through here and   then take your account here it's like okay we've  gone up for a year so if you put that same math   into this cycle you're most likely saying  okay it should be like 400 450 days right   now you're coming here and you're like okay it's  4 15 days close to that um i get something okay   we are somewhere close to the bottom we may get  a bounce to the upside and that can be going to   retest its moving average now this is just one  coin right if you go back to a lot of different   coins which has been they in different market  cycles it'll allow you to learn see if you look   at the entire market cycle from the bottom till  the top that's 763 days fine how much of it was   in wave one and its correction for 20 what does  that actually mean next 300 days you literally   had your wave two its correction and wave three  before you actually went into a bear market   so just what you can easily learn in short words  it's like okay you have make two corrections   in every cycle with consolidation so if you  look at this you are kind of like okay 70   percentage correction there and here on the  v1 correction 80 percentage of correction   in this cycle did you actually get another  80 percentage correction like this now you're   like 95 in this particular asset say average in  the crypto market you have like 80 percentage   so that's something new which you are getting  and a lot of assets show you this possibility   that they are going into the next wave structure  and that's way when you look at xrp it's like   the rsi is at the bottom from a very long time  whenever it reaches to this particular level   that's a huge buy signal from rsi then you look  at the macd whether it's you know going through   that area where the difference between two  lines is getting widened and it's slowing down   it shows you a bottom now let me explain again you  look at this volume to the downside and this one   it's comparatively lower so the volume pushed to  the downside in your moving average convergence   and divergence shows you okay there is a huge  divergence and then the rsi shows i'm oversold   now the price is at a long term support  anyone with the basic cognitive ability   would be like okay for me that's like that's a  good buy opportunity if i have some dry powder   if not i'm staying out of the market  why because the market consists of a   lot of different assets some of them may go down  right so while looking at the bitcoin dominance   you are like okay it's been trending lower from  a long period of time right why because that's   like the first model you know the ancient crypto  technology which you can consider like a commodity   as of now now xrp is not one it's actually a  utility asset on a digital asset now i know there   is a speculation like it can be um stable coin at  ten dollars hundred dollars thousand dollars but   my maybe it's just me but my question is if you  think that way go look at the white paper of xrp   do you actually see a burn rate which means  it's an asset designed as an appreciating asset   each transaction reduces your supply now i  know what you're going to respond to this   you would say there is a ton of a  screw so whatever is being burned   can be put back into the system maintaining  that stable coin mannerism but again   if you are doing that as a centralized  organization to control the price of an asset   that's a security if you work on this like  this manner that's changing your white people   like you know bitcoin white paper states it  appears to be a payment network but if you try   to send ten dollars now you'll understand the  pain behind that you try to buy a coffee and   you'll understand the pain behind that rather you  go to just use your dollars because that's solving   much better issue but the problem is the whole  dollar your bot purchasing power is getting   hit every month the inflation is super high  so you want to be in another asset which is   volatile which will remain volatile but the upside  covers all the downside and gives you the profit   so now coming back to this okay if bitcoin  dominance is breaking this particular line here   that shows the market is actually going for this  particular rally now as a test the moving average   which would be around 50 percentage you're  gonna see huge opportunities in the market   now why do i say that because on the  other side of this when bitcoin is   reaching towards the resistance level all  coins are reaching towards the support level   if you are on the same page you now know  okay there is going to be massive upside here   you go down you wake lower to test your moving  average and the support line and then you go   back up now we are doing that from some time and  if we repeat that we are going to see massive   fluctuation to the upside this massive fluctuation  to the upside when it actually comes to the market   you're first zooming in to make sure that it is  happening what you are going to do there is simply   look at it zoomed in not one hour to overchat  at least on a daily chart look at the pattern   and you're like okay whether it's breaking to the  downside or to the upside because if this happens   to break to the downside on the short term because  the btc dominance is breaking to the upside then   that definitely means that you may actually have  a little bit more downside in a lot of different   assets now if you are getting bad news like the  network is going to be altered there is a bug   you know investors are literally going to move out  of that for the short term expecting volatility   to the downside or you know people are looking  if they are really long-term invested in that   particular project believing that it's going to  survive then they may become buyers but not at   this level right again back to the price action  it definitely actually shows you two things here   one long wicked candles with ending on a inverted  hammer now this it's a weekly candle and we are on   a friday here for me so you still have a couple  of days before you actually close this candle   great so in two days time if you manage to stay  above this range that's actually great because   right now if you go look at the daily candle  we already have a daily candle ending and if   they this particular daily candle ends about  30 000 that kind of gives the market something   different right instead of the corrective thought  process the market is saying okay i'm bouncing   and i'm bouncing from a daily pattern which just  broke to the upside after a retest and now i can   literally go test 35 to 36 thousand dollars okay  in bitcoin terms it's not actually huge 10 15   percentage move to the upside it's not actually  huge but this particular move here in the bitcoin   will end up like this in the altcoin they may  go crazy if bitcoin is going to do that over   next one week or two week you may see a lot of  different altcoins popping like this here and   they and that's your opportunity and if you would  like to get into those opportunities like this   you can look at the patreon the link is  given in the description below where i update   most of these breakouts and you do get  calls on the telegram breakout calls   whenever i see a lot of breakouts i do share  that as soon as possible because if you are there   live and it's your time zone then you're ready  to take care of this one like the last one we   took here right the price actually went nuts and  we take the benefit why in this market you have   hundreds of assets and in your portfolio it won't  just be one asset right if you are there in this   asset class which is like 20 000 assets you're  choosing 10 12 assets at least based on a top   loaded approach but if you're trading with 10  percent if you put fool you for the next one year   with low risk no now low risk doesn't  mean zero risk you still have risk but   knowing what pattern you're entering it wait which  price you're entering it and what your target is   helps a lot before you actually take profit why  because once you do that the price kind of slows   down you see that you went there you hit then  then you're coming back down if you're a trader   you want to get in you want to take your profit  you want to get out now that's short term trading   i personally anticipated this gonna happen in  two or three days but it just happened in a day   right so the market can actually  give you those surprises but be   ready with your orders that kind of matches  up and reduces your risk knowing those targets   so guys if you receive value for your time  please do hit that like and subscribe button that   supports the channel a lot and if you want these  kind of updates on a regular basis to get into   like say a 1k 200k trade sessions which we are  on now as the market recovers we are going to   go through different assets enter exit double our  money like seven times which is from seven to 2,   4, 8, 16, 32, 64 and 128 so even if you are  getting some losses from mid to last points   you are fine and you are not like looking  like 10 years to reach that 1 200 right   so that's 100x trying to be achieved in one and a  half years that's a huge attempt and a challenge   even if you end up with half of that that's 50x  guys i'll meet you on the next video bye for now

2022-06-03 19:30

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