Potential Wedge Breakout - Long XRPBTC

2019年7月18日

Hello there,

The graph above shows you my setup for XRPBTC Long position.
If today's candlestick H close lower than H created on 7th of July, it would confirm the creation of LH. On the 15th of July candlestick managed to develop an HL which was validated on the next day. Therefore, we can trade a wedge formation – HL + LH.

Entry: Put a Stop Buy on yesterday’s H (.00003347|+P)
SL: HL (.00002849|-P)
TP: *

Setup conditions:

• H created today must be under yesterday’s H! therefore wait for a today’s close.
  

Setup invalidation:

• LL will be created

SystemFollower


You can read more about me as well as about abbreviations/acronyms (*) used in this description at the URL below.

2019年7月19日

交易進行

Stop Buy order on.

Remember new lower low (low below .00002849) will invalidate an idea.

2019年7月19日

註釋

Mentioned URL:

2019年7月19日

註釋

2019年7月20日

註釋

BTC.D looks promising. I will update you with new ideas (same setups for alts) later on.

2019年7月21日

註釋

Yesterday's candle confirmed a new higher low, therefore you should adjust (increase) your position size due to lower risk on the trade.

Entry: same
SL: 0.00002983

If you have any questions about risk management or whatever, do not hesitate to contact me.

2019年7月25日

註釋

Today's candle should confirm a new lower high. The size of your position should increase with lowering risk.
Entry: 0.00003278
SL: 0.00002983

2019年7月26日

交易進行

Buy Order hit, position open.
Patience is the key element in those setups.

2019年8月19日

交易結束：達到停損點