A couple of things. 1. Another green heikin can
Post# of 997
(Total Views: 1816)
Posted On: 12/17/2017 3:22:00 AM
A couple of things.
1. Another green heikin candle plotted for the 17th...
(next one will probably be red which is fine)
2. It took 234 days for the last pattern to be confirmed (breakout). If the same timeframe is applied for the next breakout (up or down), it would put us into October 2018. So be prepared for the long haul.
https://imgur.com/xQHcpkK
The reason i bring this up is twofold: A. Emotions are still high for many people, especially new investors. if youre not mentally prepared for whatever may come, youre going to end up selling in fear. selling is fine.. sell whenever you want. but selling in fear often leads to selling too early; and just before a huge run.
B. You now can get a feel for just how long it can take patterns to form. May 2017 we were @ .40 cents, and it took a drop to .12 cents before we had the recent massive run to .88. Just because we're in the .70s doesnt mean we couldnt touch .20 again (or lower).
3. As i mentioned in an earlier post, eventually the current chart will blend into the 'big picture'. Notice changing the chart to an Area Chart, we see all the time and energy it took to form that 234 day triangle pattern has blended into the chart as a whole.
https://imgur.com/xpRzKgd
I bring this up as a reminder not to focus on 'one red candle'. Where is the huge red candle which dropped from .22 to .17 cents on July 10th? You cant even see it anymore and it simply doesnt matter. This WILL happen again. We WILL experience days with huge red candles. Its very possible the huge green, recent candles become the 'flagpole' for the next breakout triangle. As long as Ripple keeps being a great company, that one red candle will only work towards the good of the whole chart.
1. Another green heikin candle plotted for the 17th...
(next one will probably be red which is fine)
2. It took 234 days for the last pattern to be confirmed (breakout). If the same timeframe is applied for the next breakout (up or down), it would put us into October 2018. So be prepared for the long haul.
https://imgur.com/xQHcpkK
The reason i bring this up is twofold: A. Emotions are still high for many people, especially new investors. if youre not mentally prepared for whatever may come, youre going to end up selling in fear. selling is fine.. sell whenever you want. but selling in fear often leads to selling too early; and just before a huge run.
B. You now can get a feel for just how long it can take patterns to form. May 2017 we were @ .40 cents, and it took a drop to .12 cents before we had the recent massive run to .88. Just because we're in the .70s doesnt mean we couldnt touch .20 again (or lower).
3. As i mentioned in an earlier post, eventually the current chart will blend into the 'big picture'. Notice changing the chart to an Area Chart, we see all the time and energy it took to form that 234 day triangle pattern has blended into the chart as a whole.
https://imgur.com/xpRzKgd
I bring this up as a reminder not to focus on 'one red candle'. Where is the huge red candle which dropped from .22 to .17 cents on July 10th? You cant even see it anymore and it simply doesnt matter. This WILL happen again. We WILL experience days with huge red candles. Its very possible the huge green, recent candles become the 'flagpole' for the next breakout triangle. As long as Ripple keeps being a great company, that one red candle will only work towards the good of the whole chart.
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
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The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
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The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
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