Hello Traders,
First of I like to talk about BTC. Past year and half almost entire market correlated with BTC's growth in different magnitude. First Btc goes up or down then market follows accordingly. Lately Btc had good rally from mid 6k usd range without a major correction. Last 3-4 days, I was expecting at least $8000 touch up and go back up to $10000. However it is clear that some powerful entities does not want that action the moment .It looks like we are going straight up to $10k-11k range then correct from there.
Secondly, most of the major alts already rallied some up to %300 growth and lately ether also joined up to this crowd and lead Btc prices even higher point. However Xrp lagged for the last as usual for the big prize. In the history Xrp usually rallied last usually right after ether's rally(ether rally also lag towards the end). speaking of which XRP/BTC daily chart was looking really bad up until today. on a weekly and daily XRP/BTC chart , Clear trend reversal being demonstrated. Volume is getting really high in short time frames in bursts. As long as Bitcoin plays along nicely, we should see some action from XRP( BTC is @9320 range at the time of writing).
And the final part. This trade is extremely dangerous . Almost trying to wake sleeping monster from 2 years hibernation sleep. The more the risk you take ,the more rewards will be going up. XRP either rallies or simply does not go up like other coins. Last night i was trying to buy xrp but was not brave enough to pull the trigger @0.237. Today I did not hesitate to buy @0.251.... I know it is very risky but also 80% money making potential out there.. Let me know what you think of XRP below.
Good luck traders....
First of I like to talk about BTC. Past year and half almost entire market correlated with BTC's growth in different magnitude. First Btc goes up or down then market follows accordingly. Lately Btc had good rally from mid 6k usd range without a major correction. Last 3-4 days, I was expecting at least $8000 touch up and go back up to $10000. However it is clear that some powerful entities does not want that action the moment .It looks like we are going straight up to $10k-11k range then correct from there.
Secondly, most of the major alts already rallied some up to %300 growth and lately ether also joined up to this crowd and lead Btc prices even higher point. However Xrp lagged for the last as usual for the big prize. In the history Xrp usually rallied last usually right after ether's rally(ether rally also lag towards the end). speaking of which XRP/BTC daily chart was looking really bad up until today. on a weekly and daily XRP/BTC chart , Clear trend reversal being demonstrated. Volume is getting really high in short time frames in bursts. As long as Bitcoin plays along nicely, we should see some action from XRP( BTC is @9320 range at the time of writing).
And the final part. This trade is extremely dangerous . Almost trying to wake sleeping monster from 2 years hibernation sleep. The more the risk you take ,the more rewards will be going up. XRP either rallies or simply does not go up like other coins. Last night i was trying to buy xrp but was not brave enough to pull the trigger @0.237. Today I did not hesitate to buy @0.251.... I know it is very risky but also 80% money making potential out there.. Let me know what you think of XRP below.
Good luck traders....
Comment:
Well ladies and gentleman so far we are on the right track. Xrp is up 7% while Btc is down %2. Larger action package seems to slowly brewing at this point. Next stop should be push @0.34-0.37 usd range and stabilize @0.30-0.32 usd range and keep it up there for couple of days.... This is vital step for this rally to succeed.
Trade closed manually:
I have a bad feeling about the market at the moment.So I decided to exit at @0.282 with about 13% profit in 3 days not bad at all. However XRP could still shoot up to @0.30-0.035 target by impulse.But I am going to wait for a bit more correction to enter at this point. Getting too risky for me and I do want to protect my gains.
GOOD LUCK!
GOOD LUCK!