____  ___    _  _     _   _ _____     _______
 / ___|/ _ \  | || |   | | | |_ _\ \   / / ____|
| |  _| | | | | || |_  | |_| || | \ \ / /|  _|
| |_| | |_| | |__   _| |  _  || |  \ V / | |___
 \____|\___/     |_|   |_| |_|___|  \_/  |_____|

 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

Update on WHAT IS RIPPLE EVEN DOING??

BY: @neomime | CREATED: Dec. 29, 2017, 11:19 p.m. | VOTES: 3 | PAYOUT: $0.02 | [ VOTE ]

Hello there Ladies and Gents,

In my previous post about ripple (around a week ago) I mentioned that it would be a good idea to buy around 6300-6600 satoshi, and to sell around 9800 satoshi.

[IMAGE: https://steemitimages.com/DQmdh4reCwmyFzJHjtZSnguwog5hjVGq8iT9HzxrAcYHTXK/image.png]

However, revisiting that chart today, it seems I underestimated that 5th wave. Here's what it actually ended up looking like:
[IMAGE: https://steemitimages.com/DQmc5QubPwrirhSGWhz8au3oJzd56XdK7nh366MHxhWr2e9/image.png]

My buy target was hit perfectly, and if you followed the buy and sell, you would've made close to 50% profit easily.
And as you know, it's better to have a rabbit in hand than 2 in the bush.

This extended 5th waves is a little worrisome as it suggests a very "HEALTHY" correction. Healthy in the sense that it's gonna come down to about here:
[IMAGE: https://steemitimages.com/DQmZ7SWC1anXscFfiECPiZAkU3CBpRnie4iNTNWo2gmqF65/image.png]

Don't be too surprised if the correction takes it to the 7800-8900 satoshi again.

Anyways, your money, your call. Peace!

TAGS: [ #crypto ] [ #ripple ] [ #xrp ] [ #altcoin ] [ #bitcoin ]

Replies

@steemitboard | Dec. 30, 2017, 2:30 a.m. | Votes: 1 | [ VOTE ]

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@steemitboard | Dec. 9, 2018, 4:15 a.m. | Votes: 0 | [ VOTE ]

Congratulations @neomime! You received a personal award!

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@steemitboard | Dec. 9, 2019, 6:37 a.m. | Votes: 0 | [ VOTE ]

Congratulations @neomime! You received a personal award!

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