We suggest that you come back in March-April 2018 to trade this pair.
Notice the potential striking symmetry between both bubbles on XRPBTC , both put a similar blow off top and then sold off within a large making a full retrace. Since our last subscribers report, as we had expected, RIPPLE made a leg up and wick on February 9, 2018 that mirrored the June 7, 2017 wick (a tad past the 50% Fib – see green circles). Based on this, RIPPLE could follow a similar path as outlined in our blue scenario but we will be vigilant and set an alarm in case the top of the is broken
The 1H 2H 4H 1D simultaneous squeezes released to the downside in a big expected move. Currently the momentum remains on almost all the timeframes
0.0000579-0.0000590 and 0.00003557-0.00003880 (potential final bottom)
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We have two selling points/take profit areas:
0.00009465 which is the 1D midband
0.00011 which is the top of the falling wedge
Entries: 0.0000579-0.0000590 and 0.00003557-0.00003880 (potential final bottom)
Ripple broke out past the top of the large falling wedge, ending the bear trend and confirming the bull reversal and the start of a new bull run. The target of the wedge is 0.000146 at which full profit should be taken.
Interim resistances on the way up are: 0.0000946 and 0.000120