Over the past two weeks Ripple has been climbing higher in a clear stair-step pattern, which is much better than one of those parabolic up moves!
I did a short video late last night when I got back in from the freezing cold of NYC. However, I would like to expand on the information in the video a bit.
Stair-Step over Parabolic
When a coin stair-steps up it is basically creating a bunch of bull flag patterns, which in essence is a orderly up move with buyers pushing press, resting, then pushing press again while always being in control. They don't have one big climax like you see with those parabolic moves that see a hard sell off afterwards
This orderly price appreciation bodes better for a longer move to the upside as opposed to a pump and dump type feel.
$1 foundation for a climb to $10 ???
As we have seen with many coins before. Once they finally establish above the $1 mark they often times make a run for $10. Obviously it doesn't happen every time, but it happens often enough where it makes for a good risk-reward investment. Especially if you got in sub $1 !!!
Ripple just made another leg up so I am keeping an eye out for the next consolidation, where I may end some. The current move is about the same size as the prior leg up. If it keeps ripping then I will just hold what I have and enjoy the ride!
Learn to Invest Like The Cat
Best Regards,
Disclaimer: All content in this post is my opinion and for educational purposes.