I'm back in! The FOMO (literally) took place yesterday, so I jumped on Coinbase (not thinking I could do this trade-free on CoinBase Pro) and bought 930 XRP at 0.3176.
Here's why...
BTC is not slowing down. The rebound was happening WAY too quickly. With XRP starting to climb again after the flash-crash, the trajectory of the parabolic pump resumed. Honestly, there is the possibility of the XRP pump going a LOT higher right now, since we eclipsed the 0.30 resistance level. As you will notice, I took down the micro fib circle set. I don't see any correlation with price. I have left the Big Green set up, which of course shows amazing confluence along the 3.618 fib circle ring. I don't think we have had enough time transpire to get another accurate fib circle set identified, so we'll just have to focus on the Big set right now. How long will XRP stay within the range of that 3.618 ring? I don't know. But we're past the point of touching the upper boundary of the line, and now we have to wait and watch for the direction of travel as it moves out to the 4.236 line.
There's another big reason I went complete FOMO-mode last night, and it's due to the market. While this might not be a closed case on the absolute beginning of the bull market, this is at LEAST a bullish trend. But if this IS the actual bull market, all bets are off on waiting for big dips to buy in. Therefore, rather than sitting and watching the price pump while I'm on the bench waiting to get into the game, I at least took the first step on buying a small bag. "Dollar cost averaging" is the next move. IF the price does correct on a deep dip, I'll buy another bag on the low. Some people call this "drip buying", or buying small to medium amounts after the initial order on each and every dip if you're still in a bearish trend. This is a better way that trying to predict a true bottom.
I'll have more chart analysis coming coming as we get more information. But for now, I'm in drip-buying mode. So we'll give this a whirl, and hope for the best as we all wait for these crazy price predictions to actually manifest. I think a lot of the predictions are rather absurd, but I do think we should at least 3X the last ATH in 2017. Or 2018. Or whenever it was.
Remdinder: Don't be DUMB and do silly things like copy what I am doing. I'm no financial expert. Just a fool wit FOMO and money to part ways with.
Carlton Flowers
The CryptoPro
Here's why...
BTC is not slowing down. The rebound was happening WAY too quickly. With XRP starting to climb again after the flash-crash, the trajectory of the parabolic pump resumed. Honestly, there is the possibility of the XRP pump going a LOT higher right now, since we eclipsed the 0.30 resistance level. As you will notice, I took down the micro fib circle set. I don't see any correlation with price. I have left the Big Green set up, which of course shows amazing confluence along the 3.618 fib circle ring. I don't think we have had enough time transpire to get another accurate fib circle set identified, so we'll just have to focus on the Big set right now. How long will XRP stay within the range of that 3.618 ring? I don't know. But we're past the point of touching the upper boundary of the line, and now we have to wait and watch for the direction of travel as it moves out to the 4.236 line.
There's another big reason I went complete FOMO-mode last night, and it's due to the market. While this might not be a closed case on the absolute beginning of the bull market, this is at LEAST a bullish trend. But if this IS the actual bull market, all bets are off on waiting for big dips to buy in. Therefore, rather than sitting and watching the price pump while I'm on the bench waiting to get into the game, I at least took the first step on buying a small bag. "Dollar cost averaging" is the next move. IF the price does correct on a deep dip, I'll buy another bag on the low. Some people call this "drip buying", or buying small to medium amounts after the initial order on each and every dip if you're still in a bearish trend. This is a better way that trying to predict a true bottom.
I'll have more chart analysis coming coming as we get more information. But for now, I'm in drip-buying mode. So we'll give this a whirl, and hope for the best as we all wait for these crazy price predictions to actually manifest. I think a lot of the predictions are rather absurd, but I do think we should at least 3X the last ATH in 2017. Or 2018. Or whenever it was.
Remdinder: Don't be DUMB and do silly things like copy what I am doing. I'm no financial expert. Just a fool wit FOMO and money to part ways with.
Carlton Flowers
The CryptoPro