Jump to content

XRP Whales in Accumulation Spree. Further Gains Ahead?


Recommended Posts

  • Replies 34
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

There are two types of investors. Those who can't time the markets and those who know they can't time the markets! I was on this site back in 2017 and I watched my modest investment (I got in at

my only plan was to hodl and buy all the way down.  With hindsight I should have not have gone back in as early Feb 2018, I should have waited for the market to settle.  It was much too early. I

Reading into context I would think they are acting as MM in the ODL process and buy XRP at e.g. MXN/XRP market on Bitso exchange: The role of Ripple in the case of Moneygram corridor USD->MX

Posted Images

Everyone try to remember that nothing goes straight up.  It will correct some, perhaps violently.  BTC frequently prints 20-30% corrections during bull runs.  This run is getting overbought so there will likely be a correction soon.  Be ready for it and don't let it scare you.

As for me, I am using tight trailing stops just below the 20 hour moving average, which seems to be providing pretty good support.  A break below might signal a deeper correction (or it could just be a wick down and then rocket up).  Deep in profit so rather play defensive at this point.

To illustrate, the hourly chart for XRP shows the 20 hour MA to be around $0.27.  It will likely drop down to there and, if it is wanting to keep going up, will bounce off that point.  A cross below probably means a bigger correction.  $0.21 is the line to hold.

Ba3L542s

 

Edited by Master_of_Brain
Link to post
Share on other sites
46 minutes ago, Master_of_Brain said:

As for me, I am using tight trailing stops just below the 20 hour moving average

I have never actively traded.  Bhodl.  But I’m tempted.  So I’ve started thinking about what I would do.  So say I’d set the stop just below the 20 hr using your chart there I would’ve sold once and probably been too slow to get back in and so made a loss.

It seems like a perilous thing to me.  I know some of you make money but buggered if I can figure out how to follow you guys into those dangerous waters without being swamped.

Link to post
Share on other sites
22 minutes ago, Dogowner5 said:

I have never actively traded.  Bhodl.  But I’m tempted.  So I’ve started thinking about what I would do.  So say I’d set the stop just below the 20 hr using your chart there I would’ve sold once and probably been too slow to get back in and so made a loss.

It seems like a perilous thing to me.  I know some of you make money but buggered if I can figure out how to follow you guys into those dangerous waters without being swamped.

You might find this technique interesting, it's one of the more popular "systems."

I've been actually experimenting with coding this decider process, as it can be a bit tedious to perform manually for hours on end.

The key is you watch for momentum flips, and go long or short quickly, and hope to capture the meat of the profit each cycle.

If you want to know more, there's lots of good youTubes talking about it - LMK if you care, I'll dig up a few I thought were well presented and easy to follow.

Cheers

https://www.investopedia.com/articles/trading/05/scalping.asp 

Link to post
Share on other sites
25 minutes ago, Dogowner5 said:

I have never actively traded.  Bhodl.  But I’m tempted.  So I’ve started thinking about what I would do.  So say I’d set the stop just below the 20 hr using your chart there I would’ve sold once and probably been too slow to get back in and so made a loss.

It seems like a perilous thing to me.  I know some of you make money but buggered if I can figure out how to follow you guys into those dangerous waters without being swamped.

Hodl is the safest and likely best strategy unless an experienced trader. You're right that you could get stopped out only to see it rocket higher without you.  At that point, you have to either jump back in or have the patience to buy the next dip.

Hodling also has it's perils (see 2017 to about one week ago).  Got to know when to call it quits and cash out.  Always have a plan and stick to it.

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.