After thoroughly performing some Warren Buffet like analysis, ladies and boys I have come to a conclusion. Ripple is going to nap for possible 3-4 more days (until it breaks .00016501).
In the image below, I have pointed out the very first exit point at .00012556 BTC and the very first entry point soon after which also happens to be the 62 retracement level for the Fibonacci retracement. The buy/entry point on April 9th later in the day was .00009259 BTC
The next exit point was on May 18 at .00020107 BTC, if you exited at that point great! if not then you need baby Jesus.
Now to the main point . . . if you haven't bought, hold on to your pants!! The downtrend still confirms and looks to be sliding further away.
IF the coin breaks .00016501 I would then pick it up.
Ofcourse this could all change if the coin drops another 10-15% then I would have different entry points but right now its trading in ranges.
This is just my opinion and what I plan on doing. All opinions and debates are welcome :)
If you like this post, check out my last post on (Factom) which popped today!!
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