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Japan

THE RISING TIDE. The bank's tsunami is coming.A lot of altcoin pumpers who think they run this show say this ride is over. They think they are whales, but they are about to understand they are mere little fishies compared to the super whales entering the water. The unfortunate reality is big banks still run this show. Altcoin trading is about to get a big ass pounding and disruption. Late last week, news broke that Japan's biggest Bank of Tokyo-Mitsubishi UFJ (BTMU), the 3rd biggest bank in the world has formed an agreement to work on standards with Ripple. The rest is history. Price went up. Price went down. Standard shit. But this isn't standard kids. Most altcoin news is followed by a dump because really it's just some hype to lift values. Japanese are all about honour. If they make a commitment, it's huge in their culture to protect their face - their image. If a leader makes a decision, the honourable follow. XRP's ATH a few days ago was just the first ripple that will build into a tsunami. Where do you stand in the wave? I expect in the coming days or weeks to follow, we're going to see news release after news release of new partnerships. This could escalate very quickly. It could also play out much longer. Depends what your game strategy is. My strategy is long and slow. I make more holding for extended periods than I do sitting in front of a chart all day. So choose wisely. I see a fractal there. Altcoin traders with a few btc's behind them think their opinion of this pump being over matter when MUFG has something like $80-90b at stake. It's laughable. If you want to get rich tomorrow, there's no guarantees XRP will moon. But I see anywhere at this point as a good entry. Expect it to go down however, and for how long? Who can say. The last rush, I started accumulating around 1000, and had to wait it out while it descended to 600. If you ask the charters during this period while I was recommending this as a buy, a lot of them would have said you were crazy. The SWIFT problem is a mega billion dollar headache nobody else is solving. The banks have chosen their chosen one for the coming era. Don't say I didn't warn you to buy some XRP and rise with the tide. ~ Hanz E. Holdinworth Because my hands are holding worth.
Long
by hanzeholdinworth
13
FNTP: USD/JPY Small retrace, then long for several days"From Noob To Pro Trader"-series: another test case and prediction from a complete noob :D. My mission is to become a better trader by making solid predictions. Then, learn form my mistakes and enjoy the times I was right. I predict that, when the AO gives confirmation of a bearish market on the 4H level, we go down for a few hours, then we'll retrace from there and long for the next few days (bigger timeframe). Any help & comments from pro's welcome! If you want to support me, join 1Broker with my referral id: 1broker.com
Short
by polyclick