Hi guys, hope you are doing fine. Here is 1D chart and what I see right now. Yeasterday I didnt know what to do so I oppened many longs and shorts position 1:1 scale. Basically I didnt had any idea where the market will go, in which direction. I oppened many longs and shorts with tight stop losses and waited. In the end XRP news came out and when I looked into my phone in 2 minutes it was over. All my shorts got liq. but my longs created 30k $ of profits in seconds. This is how dangerous is crypto. You need to use your brain all the time and use all the time SL, and it does not matter if its long or short. Without very high risk management its not possible to survive here for long period of time.
XRP:
I took some profits at 0.93$ XRP price and buy back at 0.77$ - new long position but with possibility to add more to XRP long if its go down. I do not have right now Long position on BTC because ALTS can make way much more money then BTC. Its because XRP case is very positive for many ALTS that been crushed for months. To keep it stable we need to see more price growth in the upcomming days, weeks...
Keep in mind that we are very very very overbought at stocks. SAP500 is just very overbought right now. If we are still heavly correlated with stocks the correction will be here as well.
What will happen with XRP ?
Well in my opinion 3-4$ is minimum price. I would rather see 8$.
How long? Who knows. Everybody is waiting 3-4 years now for XRP price ATH. You need to imagine that finally ANIMAL has freedom, and got out from the cage. And when Im saying this im really serious becasue all those big institutions, companies waited very long to make or not to make a move. I think now XRP will make some big moves. Building long position with high risk management can be very porfitable in time. Just look at BNB price where it was 3 years ago and where it is right now. XRP can be very big monster in near future.
Regards from Czech Republic!
XRP:
I took some profits at 0.93$ XRP price and buy back at 0.77$ - new long position but with possibility to add more to XRP long if its go down. I do not have right now Long position on BTC because ALTS can make way much more money then BTC. Its because XRP case is very positive for many ALTS that been crushed for months. To keep it stable we need to see more price growth in the upcomming days, weeks...
Keep in mind that we are very very very overbought at stocks. SAP500 is just very overbought right now. If we are still heavly correlated with stocks the correction will be here as well.
What will happen with XRP ?
Well in my opinion 3-4$ is minimum price. I would rather see 8$.
How long? Who knows. Everybody is waiting 3-4 years now for XRP price ATH. You need to imagine that finally ANIMAL has freedom, and got out from the cage. And when Im saying this im really serious becasue all those big institutions, companies waited very long to make or not to make a move. I think now XRP will make some big moves. Building long position with high risk management can be very porfitable in time. Just look at BNB price where it was 3 years ago and where it is right now. XRP can be very big monster in near future.
Regards from Czech Republic!