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Ripple Overtakes Bitcoin Cash to Become the Third Largest Cryptocurrency

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I just did that on EURUSD.  What is the purpose of wanting this anyway?

Edited by Mercury

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Looks like a false breakout on Ripple @TrendFollower, what do you think?  Oscillators are over bought and turning back on the Triangle consolidation line.  Personally I'd like to see a firm confirmed breakout.  Bitcoin also remains consolidation pattern bound at present, wouldn't you expect to see all the Cryptos moving together as a category?

Ripple-Daily.thumb.png.fba8b28e5d844601116090b498222459.pngBitcoin-Daily_081118.thumb.png.bc6c0c04c9bf1d7bf2e7a3be6d31fb98.png

 

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Cryptocurrencies are volatile by nature. History tells us this and nothing about its current price activity has altered this so far. This may be changing on Bitcoin based on reports I have read but for the other alt coins volatility does not seem to have changed.

Yes, historically I would have expected to see all cryptocurrencies move together but things are changing. For example Ripple and Stellar's charts are looking different to Bitcoin and Ether's. It seems they both are trying to eat into the market share that Bitcoin and Ether once enjoyed and to a certain extent are still enjoying, well Ether just about! Ripple is hot on its heels to take over as the 2nd largest valued by market cap. 

I do not trade Bitcoin and Ether. I have invested in both of them a couple of years ago through Exchange Traded Notes (ETN's) using XBT Provider One. I managed to invest in Bitcoin when it was around the $2000 mark and have held ever since. They are long term investments for me which I will just hold. I am not sure about adding to them as I watched them go all the way to $20,000 and then back to $6000. 

If Ripple goes below its current 100 day moving average price then my stop loss will execute me out of the trade. This is a more speculative trade for me and I want to test some theories and assumptions to see how they play out and sometimes you can only learn and gain experience by testing in the 'real market' in 'real market conditions'.

One of my assumptions is that Ripple may have bottomed. Yes the price will go up and down like a yo-yo but I assume that it will do so slowly creeping upwards making higher lows which it has been doing since Monday 17th September 2018. It failed to make a higher high which is of concern. 

If the price of Ripple goes below 38.85 then I will accept I got this trade wrong.

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Trailing stop triggered. Very small profit and out! I managed a slightly bigger (though still very small) profit on Stellar but hopefully that will put to bed my more speculative nature. ?

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