5-June gave us the confirmation for a higher low.
8-June is telling us the continuation of the bullish move is true. XRP moves forward.
How are you doing my friend in this beautiful Sunday?
I hope you are doing great.
The bottom happened 7-April, the peak happened 12-May.
24 Days for the retrace to be completed, between 12-May and 5-June.
It's been 27 days since we last saw some bullish action, almost an entire month.
I fully understand how people become bored, it is just too long, the market never moves straight up. But this can be taken in different ways. If the market were to move straight up, there is no chance to adapt, to recover, to plan and to learn. Now that the market made a full pause, we are ready for a new wave of growth and this time we can maximize profits on the way up.
How to maximize profits?
Hold strong. Hold long. Wait for higher targets.
Let's revisit the targets and how to approach them.
The "selling for profits" strategy where we sell a portion at each target is for blind traders. This method is used when we are trading with a high level of uncertainty about the next wave top. This method we can ignore here because we know where prices are headed next. To maximize profits with XRPUSDT, ignore $2.71, ignore $3.02, ignore the new ATH and aim straight at $4.51 with your full position with high lev. That's how to maximize profits.
Take some profits at this level only to buy more when the next retrace shows up. We are going higher, so you can keep on holding and wait for $6 or more. While we ignore the lower targets, when prices are higher we do not ignore them anymore. It doesn't matter how far up it goes, but we have to be careful after reaching $4.4.
Aim high because we are going high. The market is preparing for several months of sustained growth. Some of the older projects, mid-size and small size based on market cap., are showing signals of an entire year of bullish action ahead. It is not yet confirmed, but if it happens, this will be the biggest and best bull market in the altcoins history. A very big one.
For example, XRP peaks early because it started early and we get maximum profits from this pair. When the correction starts for XRP, the rest of the market continues growing. We can move capital from this pair to smaller pairs. And there will be thousands of those.
While XRP can grow 50% in a matter of weeks or months, a small pair can grow 150% in a single day. We have to take advantage of the big and the small ones. Diversification.
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Thanks for the continued support.
I'll see you at the top.
Namaste.