Ripple XRP - Cost Average - Heavy Long From Here On.
Ripple is the Crypto Asset I've researched the most. As you can see with my other posts, timing right now is paramount to gain long positions in the sphere. XRP currently pushed up hard from the mid .50¢ range to the mid .60¢ range on sizeable and instant volume. People are watching keenly and have their program trades loaded. Ripple has tons of constant news, seems you only need to hit the refresh button to get a whole new cycle. I don't think the lawsuit is going to matter much, it's only 5 billion coins. If anything, it will only make a short-term dent, but I think once a final verdict is rendered, price will probably pump for 2x - 3x gains within a week on that news alone. Remember, however, Ripple is constantly being manipulated in the press, e.i.; Coinbase, Tencent, but shakes things off pretty quick. Why? Because Ripple and XRP is a genuine and viable use-case that's merely in its infancy. Ask yourself, why is Coinbase such a big deal? It's being able to move fiat directly into XRP. And that's huge! It will also move XRP farther apart from correlation to BTC. Right now, my trend and fundamental analysis is very bullish and long-term on XRP. Entry right now is good for a 50% position (would make things sting even less if you bought in the $3 range, you get awesome cost averaging right now), preferably try to Get Some in the .50¢ range if you can. Wait for another two rounds of downward movement, loading another 25% if it ticks below .35¢, then another 25% if it breaks .20¢. For reference, go and check where XRP was this time last year... Ripple's testing RSI(11) bouncing of the 20% range,with volume starting to accumulate slowly. Any number, and, or, combination of events could drive Ripple quickly to the up side. Sell point? That's a tougher call. A double or triple hit above RSI(80) is very tempting, but ask the question, will we see these levels again for a while? This could be a two to three year keeper from here. I would say if the rise stays moderate, reasonable, then hold. If we get another massive pump like we did in Dec - Jan, with a run to $10 - $20, then you gotta grab the cash and park it for the next 50% - 70% pull-back and start all over. Only next time, with a much bigger pile to play with...
PS; I've been thinking of writing a book on trading Crypto Assets. I have some very unique ways of looking at the market and managing your money. Let me be clear on that, it would be about giving you the information and confidence to trade and manage YOUR OWN money. I'm not one to entrust my hard earned money to anyone else. Let me know what you guys think.
Now go and GET SOME!
PS; I've been thinking of writing a book on trading Crypto Assets. I have some very unique ways of looking at the market and managing your money. Let me be clear on that, it would be about giving you the information and confidence to trade and manage YOUR OWN money. I'm not one to entrust my hard earned money to anyone else. Let me know what you guys think.
Now go and GET SOME!
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