Hello everyone! First of all, I would like to wish you happy holidays and also apologize for my inactivity these days. Second, I would like to share with you my Ripple analysis for the next few days. As you can see in the chart, there is a big triangle pattern about to be completed. This pattern is accompanied by an upward trend, so we can expect a bullish price movement. For the moment, the price is testing its current trend line, which means that the following price movements are fundamental to determine if the price targets are viable or, on the contrary, we should change our price expectations. That is exactly why I recommend that you wait for a price bounce before taking any investment decision. I will be updating this post all the time :)
MY ORDERS BUY STOP: 1.05
Take Profit 1: 1.24900 Take Profit 2: 1.49500
Remember numbers can vary depending on your risk profile and price expectations. The numbers I propose should be use as a reference :)
If you find this analysis helpful, don't forget to follow, like and comment. I use to upload new analysis every day :)
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Ripple bounce!
交易开始
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Hey traders! Im sure many of you saw what happened with Ripple. Good luck for everyone of you :)
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Take Profit 1 Reached
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Hey everyone! I am a little concerned about Bitcoin"s future, since theres a huge head and shoulders pattern that might consolidate in next few days. If bitcoin goes down, all cryptomarket currencies goes down as well, so you should be careful with your investments. I will post my bitcoin analysis soon, however, I will share it with you here too.
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Bitcoin just broke its tendency line. H&S pattern about to be confirmed?
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New Ripple´s triangle pattern. If bitcoin correction doesn´t occur, we can expect Ripple´s price to reach $1.5 soon
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Triangle breakout as predicted :D
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Take profit 1 and take profit 2 reached!
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Ripple about to test important psychological price! (2.0000) ww.tradingview.com/x/DEnmExIv/
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Hey traders! Thanks for your great feedback, please visit my new Ripple´s idea for more info :)
I am newer to trading and still learning a ton. This is the first trade of yours that I have followed. Great job! I have a question about your two profit zones. Do you sell at profit 1 then re-buy lower and wait for profit 2? I sold 33% of my stack at profit 1. I have 33% of it set to sell on profit 2. And 33% of it I am holding for a longer haul.
Wondering what your strategy is here. Thanks again for the great analysis!
Juanchobanano
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Thanks for you comment @longlivelance :) I really aprecciate it! I think your strategy is great, that's exactly what I meant. You can develop several strategies with these take profit levels: 1) Close all your position at TakeProfit 1, 2) Close all your position at Take Profit 2 (riskier) and finally 3) 50% at take profit 1 and 50% at take profit 2. Personally, I'm performing here a long term investment :)
bruceleer0y
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How does one go about getting a better understanding of what these charts mean and how they're created. The only thing I understood was "triangle".
Juanchobanano
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Hey @bruceleer0y, thanks for your comment, I recommend you the John Murphy book: Technical Analysis of the Financial Markets :)
Thanks for the tip. I bought at 1.07 and it is going great. I have just started trading. Can you tell me what you mean with take profit 1 and 2? I only sold my profit share and kept the rest. As to minimise the risk of losing all profit if the price drops again. Was that what you meant?
What was the name of that book you mentioned earlier about reading the charts and the strategies?
Again thank you very much.
Juanchobanano
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Hey @Menderik! Yes, that was exactly what I meant with both take profit levels :) The book´s name is Technical Analysis of Financial Markets - John Murphy :)
Coin_Future
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I bet on this currency on December 12, and buy at 0.33. I have faith in this currency since I started to investigate all the characteristics it has. That the Asian and European countries are already doing tests for capital transfers and is the best option in terms of quality and speed, shows the enormous potential that can be achieved. Some do not believe in this currency because they call it centralized, but I feel that it is very undervalued. I even think, that some investors can leave bitcoin to enter ripple.
success, here is the future of cryptos.
AJKrypt
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Hey Juan just joined this site. I’m long on XRP. I scour all over reading many analysis. Saw yours and checked out many of your previous posts. You’ve got a great eye for these markets. I will be following you from here on out.
AJKrypt
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Also just dipped my toe into the XVG verge pool on the dip. Curious about that one with all the rumblings going on. Good luck to all! Trust in Juan!
Wondering what your strategy is here. Thanks again for the great analysis!