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Showing results for tags 'long term'.
Okay. So I've been reading a lot of non-sense over the past months. (Can't say I've been particularly active in here.) To all: please RELAX. Actually, I'm getting a bit fed-up with all of the "wanna-be's". (Sorry guys & gals if you feel addressed when stipulating that ! ). Yes, if you got into XRP at $0.40 a piece, you're feeling quite f*cked at the moment. I can totally understand that. I've been there so many times in my life when trading ("trust me", the stupid Donald would say). But, please just remember: are you in for the long haul ("hodling") or are you in for the "quick trade" ? In case of the former: you're all good. Disclaimer: I went in many years ago (bèta!) at $ 0.02. I even OVERpaid to Bitstamp at the time. I've seen a negative -/- 80% acccount. Did I freak out? No. of course not! In case of the latter: all you need to do is to freakin'-furry-blame yourself. So stop whining about "when will it go up, please NOW???". Yet, I will serve you quick-traders with some perspective: - Bitstamp prices (the most reliable exchange by far - IMHO) - Log scale chart (look it up, if you do not understand this) - RSI(4) and Stoch(8,3,3) on indicators - Meaning: that is only for FAST traders looking for tops & bottoms to trade - including the standard MACD What it means is this: 1) XRP is on a "falling wedge" 2) there will indeed be a HUGE break-out ahead - but when??? 3) Well, I fl0king do not care, but eventually it WILL get there. and I will spelling it out here: "F-U-N-D-A-M-E-N-T-A-L-S" ! Okay - that is not for short-term traders... I understand... 4) And even "technically" speaking, you can see this on the Log chart 5) Can't it go lower? HELL YES! Onto about $.0125 . Major support. Now : who would give a flock? I can tell you: I do NOT. But if I would be a trader , then: I'd ADD to my position like hell! It's just a sh00tty 25% from here! (If you cannot stand THAT amount of drawdown - you wouldn't be a trader to begin with!) 6) RSI(4) - very fast indeed!!! - is next to oversold 7) Stoch is ABOUT to turn 8) BOTH edging upwards = an nice BUY So in all: eventually, this falling wedge is gonna burst, I'm pretty sure about that. Stop whining about day-to-day price drops (your losses "you cannot stand"? ) . Let's get on with this magical thing called XRP! To thee, Ahhrrgg! EDIT: I missed a dot - bottom should anyway be at $ 0.125 Thanks to @amulecregg