Okay so this coin has shown allot of really good signs last year. Given the fact that 3 out of the 5 top banks have been added to the ripple network starting in may. As published on, Brad Garlinghouses twitter. He also announced Banco Stander will be rolling out a new mobil money transfer application on their network. New banks being added onto the network means the value of the coins will go up.
As confirmed the banks need this coin to use their network, and will buy in bulk to cut down on their bottom line. These coins delete them self as transactions are being made over time and scarcity is what drives the price up.
Right now we are in the middle of a correction wave which is about to go impulse either today or tomorrow.
This will continue to grow through out the year. So I'll be buying in and staying on board until we reach the end of the wave 1. This wave will be the longest because the 2nd wave is always about 30% - 50% higher than the than the 1st jump. And the maximum wave height is always never taller than 7x the base. It might impulse and correct it self. But you know we have a long way to go.
We are in one of the best times to buy this coin. It will not drop below $.25 a coin. So the risk to reward ratio on this trade is quite good. Meaning you are only risking $.75 cents to make $4.10 + on each coin. Naturally I fit this trade into my private monthly trading budget. In my opinion you should too.
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Buy in $0.98
Target 1: $1.75 25%
Target 2: $3.00 50%
Target 3: $6.00 25%
Will it be easy? nope. Will it be worth it? Absolutely.
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The bull trap was at $3. Not to mention that the guy who bought almost a trillion dollars of ripple. Got the worst of it. lol.
So there is no bull trap. The worst case senario is that the price will just go down to $0.30 only to have it jump back up.
Here is a full article on false signs:
Trading 4 coins at a time helps mitigate trades like that when they happen. Also, keeping a close eye on bitcoin. Because when bitcoin goes down, the rest of the market usually goes down with it.