SEAN_VENGAN
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RIPPLE (XRPUSD) LONG current 0.20034 28Octt17

BITSTAMP:XRPUSD   Ripple / Đô la Mỹ
Following a hard selloff in Ripple following the Swell, Ripple appears to be finding its feet on the support identified in the charts.

So we can begin accumulating a position here R:R 3:1

This may be another slow burn trade as it treads water but the risk is low and measured.

Sean Vengan
10+ Years Professional Trader and Trading Educator

REALITIES IN TRADING:
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Yes we hit the stop.
I dont know why but most of the trades are not updated when the stop hits.
Phản hồi
@SEAN_VENGAN I think we hit our stop. Are you out?
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yeders yeders
@yeders, actually maybe not yet.
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I am wondering, as you are foreseeing SHORT on Bitcoin, doesn't this mean price decrease in Ripple too ? I believe that all alt coins will be affected!?
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SEAN_VENGAN SlaviToskov
@SlaviToskov, Respectfully, I hear this ALL THE TIME.

I say again: I don't believe the VERY VERY POPULAR VIEW AMOUNGST TRADERS that if Bitcoin crashes EVERYTHING CRASHES.

If it was that simple we just short everything and make a load of money and stop trading.

Bitcoin has stayed static now look at Bitcoin Cash it has rocketed. Isn't that telling you something?

The more forks that occur the more the correlation gets weaker.
+1 Phản hồi
SlaviToskov SEAN_VENGAN
@SEAN_VENGAN, Thank you Sean, I do agree with your point. What I observe is that Alts are moving up mainly when BTC is stable, as people focus their capital toward more profitable pairs. I think that there is a correlation as Bitcoin is king, and people think that if it is going down, everything else will go with it - refer (China ICO Ban) . Thank you for your analysis !Cheers!
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Owcheew8 SlaviToskov
@SlaviToskov, this correlation nonsense indeed became popular theory only this year. Just earlier this year ethereum, ripple were going up when btc was going down.
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I'm new to Trading and just wanted to say Thank You very much Sean for posting your Awesome Analysis! Really Aprreciate it Sir:)!!!
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SEAN_VENGAN TXCryptoTrader
@TXCryptoTrader, Thank you @TXCryptoTrader good your studying and learning.
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TXCryptoTrader SEAN_VENGAN
@SEAN_VENGAN, consider me your student Sir!

I would love to hear more about your training programs.

I'm learning more and more everyday...and just wanted to say another Thank You for what you do!
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