Please be advised that this is only an idea, so you are responsible for any losses yourself.
Dear followers,
First of all, many thanks for following and liking my ideas. I just started posting since this month and and I see a rapid increase in the number of followers. I really appreciate it when you like my ideas, this helps me to reach more people and to provide you with even better charts. :-) Because my channel is increasing just as fast as Ripple. Sometimes I can't respond to everyone (It's not personal ;))
I received a lot of questions about buy back levels for not missing the train again, so I made two strategies for you. I put the risk on medium, because a pullback is logical after this rapid increase. We reduce the risk with these strategies:
1st strategy: Buy: If an hour candle closes above the blue horizontal line. (yellow arrow)
(Click the play button on the chart for confirmation)
2nd strategy (long term): Buy back in levels: 1.88 (Buy small) 1.72 (Buy/add medium) 1.52 (Buy/add medium) 1.25 (Buy/add big)
Support levels: Raising blue lines, fibbo levels and 50ma.
Please, follow and like for more trading ideas.
Questions? Feel free to ask and your feedback is welcome!
Trade ist aktiv
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We are trading towards our $2.78 target.
We could find resistance in the 2.44 and 2.50 zone.
Btw, the best wishes to you all! I started the year perfectly with great gains on both the stock market and the cryptomarket. Good luck!
Trade ist aktiv
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1st strategy is also active. We closed above resistance and after the breakout we touched this old resistance two times. The old resistance might be a new support level. (2.30)
Trade geschlossen: Ziel wurde erreicht
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First target reached, we perfectly touched it again. Target 1: 2.78 24 High 2.78536
I'll keep you updated about our next targets.
Trade geschlossen: Ziel wurde erreicht
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Target 1: Reached Target 2: Reached
I'll keep you posted about our next targets.
Trade ist aktiv
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I took some profit around target 1 and target 2 and I expanded my position again at 2.34.
Trade ist aktiv
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Good chances to buy now.
Trade ist aktiv
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8-1 Expanded my position at 2.00. Sold at 2.40. 10-1 Expanded my position at 1.70
Order storniert
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I posted a new Ripple chart with new targets. I'll stop updating this idea. Besides that I've posted some education and 5 penny stocks to spread your investments. Check my channel or the link below.
Do you still think XRP will continue it's run even though Coinbase made an announcement dispelling rumors of adding other coins to their platform at this time?
It's momentum and price action might be enough to keep it going along with big $ going in on it.
This is what I was waiting on your other post. Thank you for explaining the buy back levels. I will be at look out for those levels. Another question is, what are the risks of buy back at those levels? High, Medium, Low?
ottobloom1
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@ottobloom1, You said Low/ Medium. What I meant is which level is low risk do you think?
julian1117
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@ottobloom1, just my personal opinion, and i'm not expert.
Based on his chart and my own suggestion, the safest/lowest risk entry would be at 1.25usd, where he thinks we should buy big (not financial advise, but ideas).
The larger volume we feel comfortable to buy, the lower the risk it should be.
Also, at that point, it is almost a 50% retrace from the top (peak at around 2.4usd on bitstamp). So that should be a good support.
Or you may follow his idea. Buying a little at each level, maybe 10 to 20%, and slowly add on as it drops. :)
ottobloom1
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@julian1117, Excellent explanation. Thank you, Julian! That’s what most of us here for; ideas. Myself, also for learning :-) Good Luck with your trades. And healthy, happy and prosperous 2018!
julian1117
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@ottobloom1, glad I could provide some idea, and thank you. :D
May you catch all the rockets in 2018, and perhaps we'll meet again on tradingview. haha.
Cheers!
Hi Jelmerrr, I'm new to this and have a question. The fib support levels as drawn are apprx:
$1.90
$1.65
$1.38
I'm trying to understand why the buyback targets (1.88, 1.72, 1.52, 1.25) vary from these. Can you educate me?
Trades999
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@mciche2, Well spotted and a good question. You can indeed use fib levels to determine buyback levels. I use more than the indicators on the chart, but I hide a lot of this indicators to keep the chart clear. This is how I determined this levels. Next time I'll note it with the idea.
mciche2
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@jelmerrr makes sense, thank you for the response! I'll look for them in the future.
It's momentum and price action might be enough to keep it going along with big $ going in on it.
news.bitcoin.com/ripple-dips-after-coinbase-rejects-rumors-of-a-new-asset/?utm_source=Ripple Dips After Coinbase&utm_medium=telegram&utm_campaign=Telegram Channel