XRP does it again. XRP may not have materialized our XRP forecast (yet) but it certainly was one of the best performers in the recent bull run that started on July 21st. Interestingly, we waited for August 6th to tip XRP in our crypto investing research service, and XRP is up 69% since then.
BTC and ETH are up since July 21st. But they were not the most interesting coins to play.
On August 6th we wrote this in our premium crypto service:
Initiating a position right now? We believe there might be better alternatives than BTC.
We tipped XRP and MANA, because they had a great risk/reward setup and both are ‘working’ on their adoption, the combination we look for.
XRP has a very similar setup as MANA. So the same buy confirmation applies to XRP as well. We find many more similar setups, we are not going to repeat all of the 23 coins that have such a setup, it’s obvious on the charts.
This is the chart we sent on August 6th, and said XRP is worth buying.
This is the same XRP chart, ten trading days later.
Our members can now either think of selling a portion of their XRP in order to keep free coins, a crypto investing best practice we often share with them. Or they simply keep this position open for the long term.
It really is too late to initiate a new position now. But we wanted to feature this case to highlight how some (many?) crypto investors are impatient. We have seen read some messages from crypto investors getting really impatient because we preferred to wait in this bull run. We did not get in on July 21st, even though we did calculate it was a decisive day (we did so many weeks before).
Some investors got nervous, asking ‘how can we be among the best performers in the market (which is what our crypto investing service aspires to do, and is succeeding in doing so for many years) if we are sidelined’?
The answer is very simple: crypto investing is not about chasing each and every %, it is about finding the best risk reward setups.
Moreover, we use BTC as a leading indicator, and depending the BTC trend we look in the 23 top coins we track for the best opportunities.
Crypto investing can be so simple, but investor tend to make it too complicated. They try to work (too hard) instead of waiting for the right moment and let the market work for them.
Interesting insights? We cover all this and much more in our premium crypto investing research service, the first in the world since 2017.