#Ripple BUY on Dips

Classic case of how human mind can be manipulated. Everyone wanted to buy at 3$ & no buyers at 0.50$.

Dont buy the negative stories. $XRP fits all criteria of "Whale's Billions Payout" Coin. #XRPUSD will be pumping the most in next pump season

#Ripple BUY on Dips

Myth: News move the markets

Reality: Market moves are pre defined. NEWS/FUD (both positive & negative) is created to justify the price action.

📌Filter the Noise & focus on learning Support & Resistance. Every past or future FUD is already priced in the levels.

❗️Downside is not done yet but it’s a good time to start buying & add on dips for mini bull run that’s expected later this year for ALTs. Everything is on SALE so BUY what you like based on your own research. We have issued some calls & we stand by all calls.

Do yourself a favor. If anybody is telling you 20,000 & new ATH by end 2018, simply unfollow them. They have no idea what they are talking about.

🎯 Our mini bull run targets are 50-150% from current+dips levels. To go to 20K we need 350% & that’s not happening.

💡We have had plenty of discussions about bearish scenarios. Here are some bullish triggers:

- SEC approves BTC ETF
- China / Korea lifts ICO Ban
- Banks lift credit card restrictions

Do you know the difference between #Bitcoin Futures & proposed #Bitcoin ETF?

Some are confused as to why $BTC will jump 100% & probably reach 25500 target within days if & when SEC approves ETF. All technical levels will go for a toss!


#Bitcoin ETF vs Futures

- Futures is a synthetic product not backed by physical $BTC

- ETF is backed by physical $BTC, that means the Fund needs to buy real bitcoin & store as underlying asset

- ETF approval brings regulatory legitimacy to #crypto from SEC

📌 ETF opens up whole new investor class that can not invest in #crypto currently due to uncertain regulatory environment. This includes pension funds, sovereign funds, onshore hedge funds, special situation funds & non accredited investors

- While You can short $BTC Futures, $BTC ETF you can only LONG.

- For physical #bitcoin based ETF, Equivalent amount of underlying #BTC must be acquired from open market & stored.

That was brief summary of ETF Vs Futures. Hope you liked it!

❗️Crypto is not going to die. BTC lost 90% many times & each time managed to stage a comeback. It will be no different this time. NO PANIC but prolonged Sideways until upside break 📈. Regarding bottom, we are not too far from our target 4500-5400. So Buy & add on dips. Top 10 coins have max 15-20% downside left from current levels. Smaller coins may suffer more than that. Just because something is down 90% doesn’t mean it can’t go to 99% so be selective!

NEO is in our buy zone. XRP is approaching our buy zones. Stay safe.

This is the break above $6250 #bitcoin bulls were looking for and it was backed by a spike in volume.

Next resistances include 200 hour MA area ($6430-$6490) after that ~$6830.

The 1 Day bitcoin chart shows an interesting RSI downtrend line that has been forming since April and a test will likely occur in the next few hours.

Breaking through the trendline would increase bullish bias to the rally.

A rejection would likely increase bearish bias.

#Bitcoin Short Squeeze

If you see a sudden short squeeze spike in $BTC, the green candle can’t cross 50 Day MA & will be rejected hard. Last month CME settlement was 7450. This Friday is CME closing again. Be on the guards

If not we test 100 week MA before the spike

#bitcoin dominance rate rose to 42.52 percent on Wednesday - the highest level since April 15, indicating the money is likely being rotated out of altcoins and into bitcoin amid risk aversion.

The Chinese government updated its ratings of blockchain projects.

Notably, Bitcoin was rated outside the top 15 in 17th place, following a change in the ranking methods. EOS took the top slot.

📰 South Korean cryptocurrency exchange Bithumb says it has almost halved the losses arising from a recent hack.

The company published a progress update on Thursday, claiming that it has now reduced that damage to $17 million after collaborating with worldwide exchanges to retrieve some of the funds, as well as to try and prevent further losses.

It’s remarkable how quiet it is,despite being the last week of the quarter & half year. Expect some fireworks later in US & early Asian Session! Tomorrow is a big day.

🐂 Bulls need to close above 6600
🐻 Bears need to break 5750

$BTC has slided down as expected 📉 Downside targets still the same. ALTs are in Buy Zone. Don’t hesitate to BUY, but remember 10-20% Downside is still left so ladder your buys

If you are seating on CASH Or any other Fiat that you can afford to lose, it’s time to move to #crypto

Within maximum 20% Downside from here, you will get an opportunity to join mini Bull Run For ALTs within 90 days Maximum.

Crypto is not dead, it’s just slow & boring

#Bitcoin breakout of down trendline. Short Term Bottom of 5755 in place as long as we close above the trendline today & tomorrow.

Upside targets: 6755 - 7080 - 7250 - 7450

Downside to 5400 delayed until 50 Day/Week MA test

📌 What works in bull market may not work in bear market & sideways market takes away most gains of bull & bear market. Not many traders can handle the trickyness of all 3 market cycles. Learn to adapt to changed dynamics & stay away during cycles which you don’t excel at.

Recommendation During Bear Markets:

Trade against USDT. If you trade an ALT to BTC, and BTC/USDT goes down, you'll lose money cashing out to USDT.

Even if ALT/BTC goes up, but BTC/USDT goes down, you'll either break-even or lose money due to exposure.

Trade alts to BTC during bull market.