What No One Tells You About.......... Cash Is King Says Read!
Updated
I want everyone to follow these instructions as they will be very profitable for your portfolio and save you a lot of heartache.
We have a great coin here XRP has a strong company backing it's a coin with phenomenal potential for 2018.
However all of this doesn't change the fact that we are heading down, so many people choose this as a LONG HOLD. I agree it is but if we see an opportunity arise to sell it and buy back lower it means we own more XRP for the same money.
Here you can see it has formed a set up and with the lack of volume and momentum it's highly likely we will break low in shaded red area. If it had a fundamental release or something it may break high but right now there is nothing telling us anything other then ripple is going to break low.
Sell the bottom of the triangle when we break low, targets of support are listed in the black lines below. Only sell when we have closed below the triangle.
How to choose your target for re-buy?? Let me do this for you with an update as i have set alarms. If you want to enter on your own you can just make sure you buy on an up bar off target.
We will stop and bounce on each target but you need to monitor momentum to know which 1 to buy.
With the BTC looking weak we expect this to go quite low and can reach target 3 before we enter.
This thread is for all of you asking about XRP is it a good buy the answer is Yes it is but it will be even better in days to weeks to come when it's 20% cheaper.
Cash Is King is here to serve you! I hope you enjoy we have made some great profits today with all of our trades turning out to be a success.
We have a great coin here XRP has a strong company backing it's a coin with phenomenal potential for 2018.
However all of this doesn't change the fact that we are heading down, so many people choose this as a LONG HOLD. I agree it is but if we see an opportunity arise to sell it and buy back lower it means we own more XRP for the same money.
Here you can see it has formed a set up and with the lack of volume and momentum it's highly likely we will break low in shaded red area. If it had a fundamental release or something it may break high but right now there is nothing telling us anything other then ripple is going to break low.
Sell the bottom of the triangle when we break low, targets of support are listed in the black lines below. Only sell when we have closed below the triangle.
How to choose your target for re-buy?? Let me do this for you with an update as i have set alarms. If you want to enter on your own you can just make sure you buy on an up bar off target.
We will stop and bounce on each target but you need to monitor momentum to know which 1 to buy.
With the BTC looking weak we expect this to go quite low and can reach target 3 before we enter.
This thread is for all of you asking about XRP is it a good buy the answer is Yes it is but it will be even better in days to weeks to come when it's 20% cheaper.
Cash Is King is here to serve you! I hope you enjoy we have made some great profits today with all of our trades turning out to be a success.
Note
See this chart here, XRP broke low on the BTC drop it then was bought up fast....Remember my post on setting low buy orders and catching the dip here is an example. If this candle closes above triangle we will enter with a safe stop loss in place I will update you when time
Note
XRP chart tells me we will break low on this formation as expectedNote
Looks like XRP has broken low as expected, its sitting on the first black line if it breaks this we will continue down to target 2.Note
We are still on way to target 2.Note
Target 2 has been hit and lets see if we can reach target 3.We have seen a slight bounce but the charts show ripple is still weak.
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