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