XRP About to Go On Sale

Note how the RSI and MACD trend down while the price trends up. This could indicate the rally is over, and it is my sell point. I am very short term bearish on this. Any lower buy price is a win but I will be watching for a good entry.

If price continues to rally on this peak, $1.72 is a convincing buy point. That would break the previous high in a convincing manner and signal a continuation of the current rally, but I expect the price to retrace soon.
Comment: Note that this is a very short term trading idea, buy point might be around $1.6 in an hour or so.
I bought in at 0.24, thankfully my trailing stop-loss didn't actually apply on bitstamp (one of those few times not doubling checking something pays off). Just checked my balance a few days ago and XRP still sitting there. Damn, I lucked out.
I own XRP between .20-.50 and have taken profits and gotten my original investment and some back. Where is the top and how big of a retrace are you looking at
JacobFranklin jbeezleyenterprises
@jbeezleyenterprises, I just bought back in for the next short while. as the price continued upwards past 1.72. But I am watching it closely and will likely sell it soon. On the 1 hour it is very overbought and I would expect a retracement to near 1.50 when this rally is over. If you feel like watching it you will see some big swings on the 5 minute and then the price should level out after that but I would definitely not expect the price of this to crash or anything like that as people are extremely interested in it.
jbeezleyenterprises JacobFranklin
@JacobFranklin, Thanks,
I want to trade it and have but got it back .20 -.30 cheaper is it worth trading it if you can't buy it back for less than .20?
Also I have noticed XRP trading at a premium in S. Korea. Is it possible to trade between the US and Korean markets? I have tried to figure out how but I can't find any where to do it.
JacobFranklin jbeezleyenterprises
@jbeezleyenterprises, anything could happen really, it might not correct that much. I am expecting a short term drop then I would just buy back lower. Basically any lower price point is an improvement in that case.
christiankat jbeezleyenterprises
@jbeezleyenterprises, Top ~ USD 2 - 2.1 ish ... will pull back powerful
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