The double top and the momentum drop were the good reads yesterday. Just feel sorry for the ones holding alts, those got punished quite severely. Shaking out everyone who bought the highs.
Funny actually, yesterday a cousin of mine came to me, needed help to deposit some money at an exchange because he wanted to buy some alts. Someone who did some trading back in early 2018 and never looked back since. Now of course at the highs they get lured in again. But, so far he is the only one who asked me. I warned him to wait for at least a correction, if it doesn’t happen, bad luck, but they never listen and I don’t wanna be the bad guy either. Maybe I am wrong and ripple pumps another 200% within a week. But, it was a relatively small amount so then I don’t mind much. Only when people risk money they can’t afford, I tell them don’t do it and I don’t even help them. Otherwise, I tell them, if you plan to keep it long term and it’s like a tiny amount of your capital, well why not, who knows.
Let’s see coming weeks, have a feeling more people will approach me again and say they wanna get in on the action. If so, then good chance the high is likely not yet set.