Coinbase Tutorial 4: Buying Ripple
Buying Ripple is a free lecture from Cryptocurrency Investment Strategy Without Losses. You can enroll here in the course:
https://eaforexacademy.com/courses/cryptocurrency-manual-trading/cryptocurrency-investment-strategy/
I am recording this video - Buying Ripple, because I had another opportunity just a couple of hours ago.
Right here you can see that we have another counter-trend line for quite a while the Bitcoin was just going sideways, made some drops, returned and this lower high that was formed right here allowed me to draw this huge counter-trend line which was broken just a couple of hours ago with a nice candle, I can say, a nice break the price retested it and now it continues higher.
And let me show you where I am according to the previous entry.
It was right over here.
I had this counter-trend line, and then as I said the price went sideways for sometimes, formed this high which failed to take the recent high above the 10 000, so right here again you can see the 10 000 essential level as always, and the price broke it, but it failed, then it tried once again, and it felt down.
And that allowed me to draw this counter-trend line. So as
you can see I used 2 counter-trend lines, but I'm starting from the same top.
As I said, I'm not looking for a new top unless this top is broken.
Once it's broken, then I will look for new opportunities with the counter-trend lines. I tried to have some aggressive counter-trend lines from right over here, but it really didn't work because I didn't have the failure of the recent low.
So you can see that the Bitcoin formed another lower low on the 15th of June, I think it was, yep 15th of June and this didn't allow me to enter on a little bit cheaper price and then I tried having this counter-trend line.
But again I didn't have that failure because you can see that I had a lower
low than this one.
So what happened now?
The price went towards this huge counter-trend line that I had, and I had a failure, so this low failed to take this one which showed me that the buyers are getting stronger, they didn't allow the price to fall below the 9 150 something where was this low and it broke higher.
So this time, I took a portion of Ripple.
So I took 500 EUR of Ripple, and if you are following the course carefully, you would know that this is my fifth entry. I started right over here with the new entries after my Take Profit was reached from the Fibonacci, the first entry was right here, then I had on one more right here with this counter-trend line.
The aggressive counter-trend line was the third one. Then we had a higher high. This is the fourth one where I had the counter-trend line broken, and now with this counter-trend line, I have my fifth one.
So now, I am waiting for the targets.
The first one at the 12 600 and of course something essential if the price drops and it forms a downtrend I will be looking for new opportunities where I will be buying at a cheaper price.
But if it forms a downtrend on the daily chart, I will start drawing the Fibonacci from the lowest point, and I might have my targets at a lower price.
Just like what happened here, we had a downtrend when it started to go up, I began to draw the Fibonacci, and this was the first one. So if the price forms downtrend, here is the patience I will need to be very patient to wait for the new opportunities, to wait for the price to go up again.
But I will start drawing the Fibonaccies again, and I will have a different target. And I hope in the future I will be able to record such examples
but for the moment, my target is at 12 603, and then I have my second one far up at 17 652.
These are 2 targets.
I don't want to suggest which one to use from the Fibonacci. You can see here that I was patient to wait for the second one, but for the moment, 17 000 looks unrealistic, and I am more going to wait for the 12 000.
But we'll see what happened, there is some time until this happened or as I said there is always the chance where the price will drop, and we will start drawing the Fibonaccies again, we will see where are the new targets.
The lecture-Buying Ripple and the course are included in our Packages:
https://eaforexacademy.com/packages/trading-software/
If you want to try Buying Ripple with Robots, you can have a look at our Robots Bundles:
https://eaforexacademy.com/expert-advisors/
� If you have any questions about Buying Ripple, please, write in our trading Forum.
https://eaforexacademy.com/forums/forum/general/
Our manual Cryptocurrency trading courses:
https://eaforexacademy.com/courses/cryptocurrency-manual-trading/
Let’s connect on social:
Facebook: https://www.facebook.com/eaforexacademy/
Instagram: https://www.instagram.com/eaforexacademy/
LinkedIn: https://www.linkedin.com/company/33249615/
Twitter: https://twitter.com/EAForexAcademy/
https://eaforexacademy.com/courses/cryptocurrency-manual-trading/cryptocurrency-investment-strategy/
I am recording this video - Buying Ripple, because I had another opportunity just a couple of hours ago.
Right here you can see that we have another counter-trend line for quite a while the Bitcoin was just going sideways, made some drops, returned and this lower high that was formed right here allowed me to draw this huge counter-trend line which was broken just a couple of hours ago with a nice candle, I can say, a nice break the price retested it and now it continues higher.
And let me show you where I am according to the previous entry.
It was right over here.
I had this counter-trend line, and then as I said the price went sideways for sometimes, formed this high which failed to take the recent high above the 10 000, so right here again you can see the 10 000 essential level as always, and the price broke it, but it failed, then it tried once again, and it felt down.
And that allowed me to draw this counter-trend line. So as
you can see I used 2 counter-trend lines, but I'm starting from the same top.
As I said, I'm not looking for a new top unless this top is broken.
Once it's broken, then I will look for new opportunities with the counter-trend lines. I tried to have some aggressive counter-trend lines from right over here, but it really didn't work because I didn't have the failure of the recent low.
So you can see that the Bitcoin formed another lower low on the 15th of June, I think it was, yep 15th of June and this didn't allow me to enter on a little bit cheaper price and then I tried having this counter-trend line.
But again I didn't have that failure because you can see that I had a lower
low than this one.
So what happened now?
The price went towards this huge counter-trend line that I had, and I had a failure, so this low failed to take this one which showed me that the buyers are getting stronger, they didn't allow the price to fall below the 9 150 something where was this low and it broke higher.
So this time, I took a portion of Ripple.
So I took 500 EUR of Ripple, and if you are following the course carefully, you would know that this is my fifth entry. I started right over here with the new entries after my Take Profit was reached from the Fibonacci, the first entry was right here, then I had on one more right here with this counter-trend line.
The aggressive counter-trend line was the third one. Then we had a higher high. This is the fourth one where I had the counter-trend line broken, and now with this counter-trend line, I have my fifth one.
So now, I am waiting for the targets.
The first one at the 12 600 and of course something essential if the price drops and it forms a downtrend I will be looking for new opportunities where I will be buying at a cheaper price.
But if it forms a downtrend on the daily chart, I will start drawing the Fibonacci from the lowest point, and I might have my targets at a lower price.
Just like what happened here, we had a downtrend when it started to go up, I began to draw the Fibonacci, and this was the first one. So if the price forms downtrend, here is the patience I will need to be very patient to wait for the new opportunities, to wait for the price to go up again.
But I will start drawing the Fibonaccies again, and I will have a different target. And I hope in the future I will be able to record such examples
but for the moment, my target is at 12 603, and then I have my second one far up at 17 652.
These are 2 targets.
I don't want to suggest which one to use from the Fibonacci. You can see here that I was patient to wait for the second one, but for the moment, 17 000 looks unrealistic, and I am more going to wait for the 12 000.
But we'll see what happened, there is some time until this happened or as I said there is always the chance where the price will drop, and we will start drawing the Fibonaccies again, we will see where are the new targets.
The lecture-Buying Ripple and the course are included in our Packages:
https://eaforexacademy.com/packages/trading-software/
If you want to try Buying Ripple with Robots, you can have a look at our Robots Bundles:
https://eaforexacademy.com/expert-advisors/
� If you have any questions about Buying Ripple, please, write in our trading Forum.
https://eaforexacademy.com/forums/forum/general/
Our manual Cryptocurrency trading courses:
https://eaforexacademy.com/courses/cryptocurrency-manual-trading/
Let’s connect on social:
Facebook: https://www.facebook.com/eaforexacademy/
Instagram: https://www.instagram.com/eaforexacademy/
LinkedIn: https://www.linkedin.com/company/33249615/
Twitter: https://twitter.com/EAForexAcademy/
