Looking at longer timeframes can let you know when you should increase or decrease your overall position.
Right now I am watching 3 & 5 minute charts, accumulating on the dips and HODLING.
Trade ist aktiv
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This last dip put me under my margin so can't add to my position, but it's a very good time to buy right now.
Trade ist aktiv
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So I got a margin call notification during the flash crash today and have reduced my position a bit to avoid another scare like that. XRP is really having a hard time building positive momentum so it might be better to just wait until a strong trend develops to buy back in.
Trade ist aktiv
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Sold some of my position once price stabilized from the panic selling in case we have another drop. Looks like XRP is getting back on steady ground and remaining at the top of the Fib retracement. Am I using this indicator correctly? LOL
Adding back to my position in small amounts as the trend gains more support. Going to leave a good 10% buffer so I don't risk liquidation as much.
Trade ist aktiv
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Ripple is hovering between 97500 and 10000 today. Picked up a bit more around 98000. My margin is at a comfortable 50% right now - waiting for a breakout above 10k to expand my position.
Kommentare
cryptodoge
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Altcoins are bleeding with people trying to accumulate funds for BTC, I don't think there's anything significantly changed apart from that, so we have to just wait it out and see.
nanozeus99
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it looks like the range is lower 10k to upper 10k satoshis. tricky part is it might really break out anytime now so who knows when
davedesigns
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@nanozeus99, Yep I've been accumulating since 9800 last weekend, selling a bit at the tops and buying back at the bottoms when I can pay attention to it. It's going to break out any day now - look at daily chart with stoch/MACD.
removed
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awesome man, thanks - do you have any price points you're aiming at?
davedesigns
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@landonwiggs, lot of people have been saying 14k. I'll consider closing my position when daily stoch and MACD start to cross down from overbought.
if MACD and stoch cross at the peak = sell
if MACD and stoch cross at the valley = buy
is that right?
davedesigns
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@nanozeus99, Pretty much yeah. Best to wait for stoch to be below 20 and cross above, or above 80 and cross below - that means it's way oversold or overbought and ready for a reversal.