Post from above link.. is this real?!
$10 is weak. It will hit $100 - $300 in 9 months and then crash and burn. Then slowly go back up. It should be around $1000 by 2020.
“I am a professional trader, and work for a large investment bank. I've seen a lot of posts on this subject and I see many of people trying to use economics and fundamentals as their guide. Making sense of it all. When you are in a hot speculative market like this, you can throw all economics and fundamentals out the window. They mean absolutely nothing until the speculators are done. I was around for the internet bubble where the market cap reached at least 3 trillion in less than a year, for companies that did absolutely nothing, on just the US stock exchanges alone, with very few relative participants. Since this is a global market, lightly regulated, and technology makes it easier for anyone to open an account and participate, we're not even close to being done with this speculation. I guarantee it. There is very little relative participation in this market right now. The only way to read a speculative market like this is technically via charts. The price action and volume on the charts tells us exactly what the crowds are thinking and what is going to happen to the price. Investment banks, like the one I work for, bring in the technical traders first to make money and build positions. Then, later on, they bring in their economists to make sense of it all. With that being said, Ripple is as bullish as they come. It is displaying the price action of a parabolic price run in it's first phase. That means there are 4-5 more phases to go. We've seen it dozens of times and yes it's a real thing. In addition, it is displaying major strength when other charts like bitcoin are pulling back and taking a break. This relative strength tells us that Ripple is where money is moving and will go higher. Much higher. Just wait until the other large investment banks around the world start participating with real buying power and rush to get in on the action. As soon as Ripple moves above $1.3 XRP/USD on heavy volume it will move to $9 based on our proprietary charting. That will happen in the next 0-3 months. Then it will consolidate for a few weeks or months and will easily move above $100 within 6 months. Our charting doesn't go out any farther than that, so watch for another post from me in a few months. I will say that once it hits that level, buyer beware, because it can come down much harder and faster than it goes up! After this first major price move, I would then start listening to the economists and analysts, looking at market cap, and other fundamentals. If they say that ripple can't stay over $100, then they are probably right, and I would listen to them for the long term buy and hold decisions. But for the short term, like this, $100 is very likely and we are rarely wrong. Good luck! By the way, I don't own ripple, I'm not allowed to own it due to my job.”
"Hey DDC. You're right on the money. I'm a pro at Evercore. Sounds like your company uses similar technology as mine. We basically use a large data set linked to similar market moves (dot com, futures, oil, gold, etc). We then compare market data, indicators and have a charting overlay that allows us to compare this market to markets / charts that are historically very similar. If this isn't the spittin image of dot com I don't know what is. So we base our charting on 13 indicators that align and then run an overlay, giving more weight to the charts that have the closest match to this. We've also added algos to modify our system as we go, so it helps us be a little more accurate on the shorter term trades. Our XRP/USD charting sounds a little different from yours. We have a $5 target 0-1 month, $20 2-3, and $280 3-9 month. Not too far off. Good call on the $1.3 breakout. We saw that coming too and luckily were able to get in under $1. The XRP is almost too easy to predict it's scary. This is first time in 7 years that our company authorized full margin for all traders on this. It's crazy. We have over 30 traders working 24-7 on this one. Keep up the good work, message me if you can and let me know where you work (if this site allows that and if you can say).
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“Hey Jaden, I'll try and message u on this site. I don't want to give out my email on this public post. Yes, sounds like our systems are very similar and thanks for the insight. I'll be interested to see what ultimate price we end up at. Trading volume is drying up due to the new year, so I'm going to try and get some sleep the next couple days before things heat up! lol”
“HAHA.. ya I hear you. We have cots set up on our trading floor and traders sleeping there. We haven't done that in awhile. I'll be glad when we hit our price targets and can take a vacation. Trading volume is light right now so hopefully I can enjoy new years eve. Next week is going to be nuts, when everybody get's back to work. So do you have all of your main position or are you still building? We have most of our major position and have another group just short term trading. Happy new year man! Oh Zander I saw your post. I'm not sure I can help you much. We're pros so we can't really give advice just insight. I would stay away from automated trading, and take the time to learn to trade. That's the only way. Good luck!
Agree”
"Yes, we're still building our position. This is the first crypto we've been able to trade. Bitcoin and Ether both have too little liquidity for us. We are buying massive amounts, so XRP/USD is the first we can safely trade. We've still buying on most pull backs right now, trying to get our main position build before next week. Then we will pyramid up from there. We also have a short term trading team that just deals with the daily / weekly swings too. Hopefully we can finish building our position without bumping the price up. Come next week we are going to see some serious jumps and it will be too late then. One of the banks we own has been trying to get a meeting set up with Ripple and they are like a month out because so many banks and companies want in on the action. And this is a pretty good sized bank in the US. Apparently they take all of the really big fish first, so everyone else gets pushed back. That tells you something right there. I know for a fact that BNP Par and Mitsubishi Fin are meeting with them this week. Great advice for Zander. I don't have anything more to add to what you said to him.”
