The price appears to finally have found a bottom, as we now see the beginnings of a reversal in trend, as the 29.7 on the RSI seemed to serve as support as the bulls are now attempting to reclaim control.
But here's the deal, I'm exhausted and I'm only playing with $100 I got for free from random giveaways/Coinbase "earn" promotions
I feel pretty good about my last entry range (marked by the last green bubble under the candles) so I'm just going to ride it out and see if I get lucky in the morning.
What I'd suggest to anyone who was playing in a similar position, but playing with a bit more. Take 50% off the table somewhere in the red bubble with a green line running into it.
Speaking of the green line if you look close, you'll see a line I drew from each of my buy/sell points.
The color of the brand is a reference to how much pain I was feeling.
The beginning was my worst mistake, buying in at $0.42.
I ended up having a 66% sell out filled @$0.398 for a 5.3% loss.
(Down to $94 total (Split 79 XRP & $62 USD)
I put buy backs at the 3 nearest points of resistance below $0.40.
Thankfully the price fell through $0.396 before I could put a %20 buy order in.
So I placed buy orders %20@$0.392 40%@$0.388 and 100%$0.383
(Down to $92 total (241 XRP)
Price falls through the floor and I HODL due to RSI indicating we were WAY over sold, which made me certain we'd see price return. (This is basically where I left ya'll to trade in quiet.)
As soon as the price hit the resistance line at $0.396 I sold 66% of my position (159XRP)
(Up, to $95 total (Split $63 and 82XRP)
Once the first major correction came in I started flirting with making a blue symmetrical triangle and when it's bottom lined up with the top of the original bearish band I put my 33% buy order in @$0.381 and a 100% buy order @$0.377
(down to $93 (247 XRP)
Here's where I surrender to the will of the market. If I had the energy to stay up and watch this trade sideways longer I would, but instead I'm just going to throw a coin on this.
If the price hits the solid yellow circle or the solid red circle I'd sell 33% and 66% of my position.
(If the price falls through the solid yellow circle before touching the solid red circle I'd be down to $91)
(If both points are touched I'd be back just below $93)
(If only the yellow is breached and we go flat just above it I'd be up to nearly $96)
In reality, I'm just holding. I'm betting that I'm more likely to break above this range, even if we dip below it while I'm asleep.
Out of sight, out of mind.
Best of luck out there!
But here's the deal, I'm exhausted and I'm only playing with $100 I got for free from random giveaways/Coinbase "earn" promotions
I feel pretty good about my last entry range (marked by the last green bubble under the candles) so I'm just going to ride it out and see if I get lucky in the morning.
What I'd suggest to anyone who was playing in a similar position, but playing with a bit more. Take 50% off the table somewhere in the red bubble with a green line running into it.
Speaking of the green line if you look close, you'll see a line I drew from each of my buy/sell points.
The color of the brand is a reference to how much pain I was feeling.
The beginning was my worst mistake, buying in at $0.42.
I ended up having a 66% sell out filled @$0.398 for a 5.3% loss.
(Down to $94 total (Split 79 XRP & $62 USD)
I put buy backs at the 3 nearest points of resistance below $0.40.
Thankfully the price fell through $0.396 before I could put a %20 buy order in.
So I placed buy orders %20@$0.392 40%@$0.388 and 100%$0.383
(Down to $92 total (241 XRP)
Price falls through the floor and I HODL due to RSI indicating we were WAY over sold, which made me certain we'd see price return. (This is basically where I left ya'll to trade in quiet.)
As soon as the price hit the resistance line at $0.396 I sold 66% of my position (159XRP)
(Up, to $95 total (Split $63 and 82XRP)
Once the first major correction came in I started flirting with making a blue symmetrical triangle and when it's bottom lined up with the top of the original bearish band I put my 33% buy order in @$0.381 and a 100% buy order @$0.377
(down to $93 (247 XRP)
Here's where I surrender to the will of the market. If I had the energy to stay up and watch this trade sideways longer I would, but instead I'm just going to throw a coin on this.
If the price hits the solid yellow circle or the solid red circle I'd sell 33% and 66% of my position.
(If the price falls through the solid yellow circle before touching the solid red circle I'd be down to $91)
(If both points are touched I'd be back just below $93)
(If only the yellow is breached and we go flat just above it I'd be up to nearly $96)
In reality, I'm just holding. I'm betting that I'm more likely to break above this range, even if we dip below it while I'm asleep.
Out of sight, out of mind.
Best of luck out there!