At Coin Inquire, we offer free Trade Signals & Analysis of XRPU19 and other cryptocurrencies. Today Aug 8th, 2019, we are beginning a new series of free Signals & Analysis for top cryptocurrencies including XRPU19.
Here is our full trade for Ripple ( XRPU19 ) on BitMEX.
We are using 7X (high leverage) for high ROE.
- BitMEX (leveraged) trading is for experienced/advanced traders only.
- This is not financial advice. We are sharing our views and opinion on learning and entertainment purposes only.
- A trade setup can do good just as it can go bad. Some we win others we lose. If you decide to trade, you do so at your own risk.
- We recommend trading altcoins pairs for beginners, margin trading should be done only after you have lots of experience and you have patience as well.
- Patience is key.
- Thanks a lot for your continued support.
Now, let’s take a look at the numbers for our Ripple ( XRPU19 ) trade:
Pair: LONG XRPU19 (Ripple)
Entry: 0.00002550 – 0.00002670
Time frame: 4H
Stop-loss: Close daily (1D) below 0.00002400.
Liq. price: 0.00002356
(Buy-in calculated at 0.00002670)
Potential profits: 165.13% ROE
Capital allocation: 6%.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.