davedesigns

Trading XRP with Fib Retracements

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POLONIEX:XRPBTC   瑞波幣/比特幣
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Just working on my Fib retracements here.

Once stoch and MACD were overbought, I sold a little and put in orders at the 50% and 38.2% levels and was able to add to my position during the dip.

Stoch and MACD are almost crossing up from oversold now so hopefully we can edge our way up to new highs overnight.
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And in true Ripple fashion, I woke up this morning and price had slipped back down to support at 98000. Good thing I kept my margin buffer at 50%...

It seems like Ripple is just taking its time and giving everyone a chance to get in at a good price before we finally see a significant move up.

Going to pick up a little more while it's down and hope for some momentum today.
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