RE: RIPPLE (XRP): Price is falling...Is it time to panic? Find out in this blog!

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RIPPLE (XRP): Price is falling...Is it time to panic? Find out in this blog!

in bitcoin •  7 years ago 

I don't think it's bouncing they generated expectation of a big news, and it was news of an upcoming conference only.

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Then it must be more news to come to make wave 3 of 5.

That's in October I think reading some of the content on Reddit.

That's what I thought! What do you think @haejin

I know what he will tell you. The trend begets the event, not the other way around. TA does not take into account meetings, or releases. Is it just coincidence? Well not according the theory. The idea that everyone sold their coins because they are having a conference and not announcing something huge doesn't really add up. It's a strong correction that looks horrific because someone dumped what they had all at once. Truth is, that's precisely when you want to ladder in.

@scarlet7 Thank you for the feedback, this has been really helpful, and it's what was kind of on the back of my mind, but as a newbie, fear and all other thoughts start kicking in which make any decision much harder! Once again....thank you!

While nothing is guaranteed obviously, letting the system work on it's own time is essential. Unless you're just hemorrhaging money from the downturn, and you wont have dinner tomorrow without that money....well first, stop doing this, but if you're just stressing the flux, remember that you don't get to pick the timing. Sometimes yes you get a great 10 minute flip and it's really fun, but most of the time you will be tempted to bail at a loss, just to see it follow form back up as soon as you do. Laddering your way in and out REALLY helps the fear of a bomb dropping, or opposite, the fear of walking away and missing a big, brief, price hike. I am in this one with alot of skin, bought more and more as people went crazy today. No way am I shorting myself, the needle is moving slowly on almost everything right now, look how long a big name coin like BCC has been floating.....everything is crawling like a bear right now. As long as BTC doesn't collapse, I still see the sleeping bull in XRP.

Hey! Thank you for the advice, really appreciate it.
I'm just watching XRP at the moment debating at what point to buy :)

now

Hi, I still think it might go down lower then 4530, keeping an eye on it today, but 5000 ish is still a good bye, as long as Haejin's charts are correct, which I have no doubt they are.
I think once I can read and create forecasts like he does the emotion will be removed, I don't like relying on others and that's exactly what I'm doing now, refreshing his blog to see if hes posted an updated every few minutes!!! lol... :)

I'm the same 😅

Having a bit of trouble reading what is written here. The labels seem to be incorrect? Are we eventually going to break $0.30 or should we be selling everything around $0.27?

Hi Mr-Sky, there are various predictions flying around saying it could get higher than .30 as @haejin says, if you're happy with .27 or .30 than take your profit, only you can decide when to sell. Best to put in your ladders, so that some of your XRP sells which will give you a profit at a slightly lower price and keep some for a higher price. Just keep in mind, anything can happen in this market!
I'm very new to this, so taking advice from people like Haejin and @scarlet7 is priceless!
Best of luck!