XRPBTC Trade Idea !

BITTREX:XRPBTC   瑞波幣 / 比特幣
XRP retracing like there is no tomorrow ! I think chart is self explanatory with the H & S pattern visible . Interesting enough that supports marked as Red not only result from fib over lays but also from the pattern !
Good trade to take with 5% entry at 1st support and additional 15% at the 2nd support to ride the impulsive wave to new highs like 30.4k and 38.4k as first targets and then even higher .
Hi,, thanks for the effort,, do we assume a bounce of the 1st support now..
thank you once again
PAHMAD1339 zalanazi
@zalanazi, Yes, happened before I reply to you any way!lol
Once XRP passed the right shoulder then we could assume the low is in place and correction done!
zalanazi PAHMAD1339
@PAHMAD1339, Thank you so much,, good thing I waited a bit longer ,,I had my sell order ready
Any updates?
PAHMAD1339 rsedaaghi
@rsedaaghi, Time frame on chart is H4, XRP on top of the 1st support ( 1st Red line ) which could very well reverse the price action, but there is no bullish divergence on this time frame as of yet only on shorter time div. visible, so I expect the down move to continue to the 2nd support which should hold and expected to end the correction ! But before taking a position we should also have confirmation on indicators and look for Bullish divergence which could be stronger entry signal if appears in multiple time frames !
rsedaaghi PAHMAD1339
@PAHMAD1339, Thank for your reply. Is the second 6278 or 6573? I mixed them up!
PAHMAD1339 rsedaaghi
@rsedaaghi, 2nd support is at 6278, Red bolded !!
+1 回覆
intersting but i think with recent situation in btc price it will days to recover ,i am wondering what is your clue about it ,thanks for your chart btw
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