Poem written for Ripple - XRP November Recap Technical Analysis and Price Forecast, 25% Gain potential next week
RIPPLE NOVEMBER 15 UPDATE ----
WE ARE CURRENTLY AT $0.28 -- UPDATE OVER ----
What see with ripple is a long consolidation period since June, that's getting ready for a massive breakout in early 2018.
The swell conference was disappointing. We all thought the price was going to triple, now we wait for this consolidation period with a few possible plays.
I've indicated is a nice setup happening soon with low risk, buying on the strong support line, between $0.195 and $0.20, targeting $0.25. This setup has a low risk, high reward. The reason for the low risk is due to a strong support established.
I'm hoping to enter a nice trade setup in a few months, late December, where we can see some massive gains!
Here is the video for the TA:
Ripple November Recap. Potential 25% gain for a 1 week hold.
Possible plays covered. I'm usually neither bullish or bearish. I react to the market and predict based on new data that comes in. I don't provide buy or sell signals. I point out facts from what the charts say.
We don't aim to always be right. These are just my opinion. Always lots to learn as trading is a continuous growth process. It's important to share what we think and pass it on. Be open-minded. Constructive criticism is appreciated in a positive way, though negativity, hatred, and rants, aren't healthy in life.
I cover in detail technical analysis, Elliot Wave, with price forecast. The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on.
If you enjoyed this video, donate to my Luna's piggy bank (the one who howls with me!):
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I'm not a financial adviser, nor am I giving you any tips on when to buy, sell, etc. I'm simply stating my opinions and what I personally look for.
If buying with crypto, would you buy XRP now or wait for BTC to bounce back up for a better BTC price?
It depends on the type of position you prefer and type of trader you are. For example as a day trader, I'd wait for a much lower RSI and confirm an uptrend on higher time frame. Though as a longer term trader, slowly accumulating now is a good choice too. I do predict BTC to bounce up, and personally, I'm going to wait until BTC goes up, while XRP negatively correlates and goes closer to the support line as indicated. I hope that helps.
It does, thanks! I'm pretty much torn between these two strategies, so having some logic backing each up helps.
New follower. U will
Do well here!
Thank you knircky. That means a lot to me. I hope you enjoyed my Poem for XRP too. Best regards. Philakone.
Good to see you on Steemit @philakonecrypto!! I've learnt so much from you in your wacky, fun-loving way! So nice to read, hear and see someone who is not trying to be cool by putting down others. You're not ashamed to announce when you're incorrect and you share equally in celebration.
And tell Luna, my dog Fosco says hi! :)
YAYY I'm happy you found me here too :) Life is too short to not be fun. Luna says hi. and asks, Fosco, are you single?
Followed! I love well informed XRP investors. I'm a holder myself and hope it will let me retire early in another 10 years! Best of luck to you!
I agree long term, this is a great coin. As soon as they penetrate more markets and is widely adopted. Nothing but up from here in 2018.
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STOPThanks for this! I have been hodling my (small) bags since 0.26$. Money could have worked better elsewhere swingtrading.
i think it'll definitely break out sometime. XRP is the only crypto that's in the FAR lead in penetrating the fintech market with mass adoption. the swell conference is a great way to build this awareness.
very nice
@osman28
November 16 Update. Congrats to everyone that got in. We're currently at $0.28, 40% gain.
November 16 Update. Congrats to everyone that got in. We're currently at $0.28, 40% gain.