BTC Buy Signal (Extremely Bullish)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I finally give my followers a buy signal on BTC after a lot of wait. It's hard to resist the temptation to buy every dip but I had to wait for a confirmation. It seems safe to buy now but still I recommend minimizing exposure with position sizing. Start buying from here. Good luck! :)
Comment: Updates will follow here.
Trade active
Comment: We still cannot rule out a drop to 11k or 10k if that Head and Shoulders Pattern Story goes into action. However, the current setup is good for my risk/reward and I have opened a couple of positions anticipating a reversal and will open more positions along the way. I'm also seeing hints of XRP profit money going into BTC. Early to tell yet.
Comment: I have given 5 BTC signals in the past few days and I have been 100% right every time. However, it is never a sure thing especially with cryptocurrencies and even traders far better than me are proven wrong at times. When that happens, the best thing to do is cut your losses quickly and wait for a buy or if you want to hold, hold and wait for recovery. Thank you all for your trust and patience. :)
Comment: Reversal looks real. Not enough volume though. Might take some time.
Comment: Strong reversal. That's more like it! Watch the whole crypto market recover as XRP tanks!
Comment: If Bitcoin falls to $8k, it can kiss its position as a market leader goodbye as Ripple will be pumped hard to take over. It won't need much of a pump though. Cut BTC's market cap in half and add a few billions and XRP will be the top cryptocurrency. I can already see the inverse relationship. Not sure if the whales have that possibility in mind or if they are going to allow this to happen.
Dear sir thank you for good analysis...
Wall Street comes Back to work Starting on the Second..then we see Bull move to cover their future's contracts IMHO.
Market is still confused. Don't like the price hovering around 12,13,14... Either go up or down come on already!
Your all over the place. Pick a direction and stick to it.
+1 Reply
still think its bullish? look at the chart now
maybe institutional whales would be okay with XRP being top dog. But i dont think non institutional folks with a Ton of money would be okay with having a centralized crypto as top dog store of value. That doesnt sit well with me and i am sure a good majority of the crypto community would agree that XRP is nothing more than a cash cow IMO, a band aid on the soon to be dying banking industry.
austinmfcoats hakimcraddock
@hakimcraddock, plus ripple owns majority of the shares. Company can dump there coins at peak dollar.
hakimcraddock austinmfcoats
@austinmfcoats, yeah XRP is nothing but a pump and dump for me.. I'll ride it as far up as I can stomach, then dump it without a second thought.. Not something I want to hodl long term. SUB, KMD, BTC, LTE, OMG, QTUM, NEO, QSP, ost, etc, etc.. Not XRP.
austinmfcoats hakimcraddock
@hakimcraddock, same here haha! Who wants to use a currency named ripple anyways? Bitcoin by far has one of the smoothest names in cryptos.
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