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! :)
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Updates will follow here.
Trade active
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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.
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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. :)
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Reversal looks real. Not enough volume though. Might take some time.
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Strong reversal. That's more like it! Watch the whole crypto market recover as XRP tanks!
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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.