We closed our short position in the blue box. The sell targets are based on fib retracement of the whole downtrend leg.
There is no stoploss on this one. If we dip lower, simply buy even MORE to drop your base price. XRP is not a random shit coin, don't worry. Just keep loading when it dips.
Good luck!
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Long term target: - $3.20 - $3.87
Trade ist aktiv
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15 min chart. Bounced again from .382 I think we pass EMA50. If we get rejected, we happily sell for our ~20% profit
Trade wurde manuell geschlossen
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small profit taken, im out for now. Going to sleep soon. Holding usdt.
Trade ist aktiv
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Good morning, Support of our buy zone holding strong so far. Back in again.
Trade geschlossen: Stop wurde erreicht
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out with a tiny loss. Holding fiat now.
Looking to buy btc at bottom, and we can go from there.
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Trade ist aktiv
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Trade ist aktiv
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As mentioned in another post, I liquidated my account and is looking to buy back. For xrp, this is the ladder I will be using:
I agree, XRP isn’t a random shit coin. However, the market moves in unison. XRP is heavily manipulated by the whales and isn’t going to miraculously surge like a phoenix when the rest of the market is tanking. Bitcoin is headed south to $7-8k. There might be a few surges here or there but don’t be deceived, the overall trend is dowards and it will be a slow bleeding into the 7k range. I suspect Ripple will hit 50 cents before it sees $3 again. Better to exit the market and wait a couple weeks for everything to hit bottom. Russians are supposed to be announcing crypto regulation this week as well so potentionally more damage to come. Predicting exact bottom is difficult but if you exit now, you can buy everything back at an extreme bargain. And if I’m wrong, well, better safe than sorry. Good thing about crypto is when things start to go up, they go up fast and you make your money back fairly quickly. Worth it lose a few bucks to guarantee that your safe.
someone514
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@gata9aigata9ai, i am trading the chart, you can do whatever you want
bcaztx
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@gata9aigata9ai, when you exit the market are you selling everything and transferring your money back to the bank? Sorry, new to this stuff.
someone514
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@bcaztx, don't be sorry, ask whatever's on your mind. I don't have all the answers but I will try my best to provide guidance.
And re; selling. I keep the $ on the exchange because I still plan on trading.
bcaztx
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@AlexCh, You have money sitting there but not actively trading? However, doesn't your value of $$$ go down when BTC goes down if you have $$$ sitting on the exchanges?
Thanks,
someone514
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@bcaztx, I do not understand your question. $ is just USD.
bcaztx
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@AlexCh, For Example, BTC has a pairing with USDT BTC/USDT as BTC goes down will your BTC/USDT remain the same to protect losing money. After the dust settles you sell BTC/USDT to purchase back Bitcoin. I hope this makes since.
someone514
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@bcaztx, well, obviously if the price goes up I will have to buy back at a higher price (more expensive, i lose some $).
someone514
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@bcaztx, should be more precise. I don't lose USD, I lose BTC.