Although the price has risen 100% since I told you I bought at $0.15 (previous post re-attached below), it's barely satisfactory if compare to other alts.
However, normally the market re-bounces much higher when it takes longer period to consolidate.
Many people told me their target is $0.5 but in my opinion we should be greedy because:
1) xrp has been consolidation in an extreme low support for more than 2 years 2) the entire alts market are bullish 3) the significant resistance above are $1.2, $1.7, $2.2+ 4) the drop in 2018 was at a extreme pace plus it's been a long time since the drop, meaning there are limited amount of old sell orders are currently on the order books.
How and when to take profits are labeled on the main chart.
Although it's time to be greedy, it does not mean you should go all in, or use leverage. I have been emphasizing that the best way to make decent gains on alts are trading spots and without leverage because only this way will allow you to hold your alts and enjoy a 300%, or even 1000%+ profits.
If you have entered your long before the pump and you are worried a huge drop is coming, all you have to do is to move your SL to breakeven.
If you are in the group, you would have known I have been bullish on alts for several months now. Plus, the TA that I shared with you on TOTAL2 (re-attached below) again reminds you that I am bullish on alts. For BTC however, I will just wait-and-see due to: 1) $12000, $13500, $16000 are all resistances 2) BTC.D has already confirmed the downtrend
Is it a good time to buy now or wait for 50% retracement?
Taiwan_Bear
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@saynab44, Sorry, I don't provide financial advice.
I only tell others when and why I enter my trade. You should make your own decisions based on your personal circumstances, your risk appetite, goals etc...
gz1968
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If you sell at $2.1 wave 3, might put in a buy at $1 wave 4.
Thanks! Don't you think that 0.31$ is a big resistance too? It just got rejected again after reaching it? Shouldn't we wait for a close above 0.31$ on the daily...
meesvanlier28
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Yes we should wait till the close, if above 0.31, next targets are 0.369 & 0.4238/ 0.44
Taiwan_Bear
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@meesvanlier28, your targets are for day/swing trading, but I was talking about position trading.
Taiwan_Bear
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@virus4e, it is resistance, but the more the market is touching the resistance, the more likely it is to break. The $0.31 resistance is monthly resistance, not sure if close on the daily means anything.
Also, the huge volume came in after the drop to $0.1 was noticeable. And with all the other reasons I mentioned in my post I do think $0.31 will break.
I have already entered at $0.15 mentioned in my previous xrp analysis.