For those who are following, you may see that XRP has met our previous target and is now under that taregt and actually sustaining it level.
Personally, I was not expecting this behavior. So I decided to clear my hole chart and restart a analysis from zero with a clear mind.
First of all, I want to say there is no need to panic, I was honestly a little lost and selling and buying not really knowing where the price will go.
Now that I have once again a clear view I can calmly say, that the opportunity is only getting better.
Of course, as I already said previously I still believe that 0,16USD is still a plausible target.
On August 14th 2018, we had reach a stunning low of 0,246 USD, the possibility of seeing this price again is far from impossible.
If we use the proper starting before 2017's bull run aligning perfectly with two wicks, we can see that 0,263 USD is also a very viable target that could be reached in the next day.
So my ongoing strategy for the moment is to divide my portfolio into 5, so I have five amounts of 20% my portfolio.
I already have 20% in XRP right now, with a stop loss set for under our previous low.
I will enter re-enter if we reach our first target (0,263USD) adding a extra 20% and I will set a stop loss under 0,246USD
I might add a extra 20% if we reach 0,246 depending on the momentum.
If we break lower than 0,246, my next target would be 0,19USD where I would add 20% depending on if I added it at 0,246USD.
If we still drop to the scary depths of 0,16USD. Oh , I gonna buy in sooo hard. Putting another 20% of my portfolio with a tight stop loss.
Finally, I will keep 20% in case we drop lower, and if not I will add that 20% when I am sure that we have had a trend reversal.
I still want to make it clear that if none of these targets are met and a small bull run starts now, I will obviously enter 60% maybe 80% ( basically the remaining of my protfolio) in.
So there you have a concise set up. Now I would like to say that as we actually reach these levels or don't, maybe my strategy would have changed, if it does I will be sure to update you all once again :)
I hope you are all scoping these prices like a bunch of ruthless snipers ready for some quick mouse action, buy in buy out... and then find out you lost 100 bucks ;) ( talking from experience)
Just be calm, take quick action but also quick thinking .
Good trading to all,
Love to all
Cya for another update, surely in 2 minutes going back on every single word I said, as the market skyrocketed just as I clicked on post and all I had in was a lousy 20% ...