dropd01

XRP a small wave count

BITFINEX:XRPUSD   Ripple幣 / 美元
I don’t believe XRP will cross the previous ATH             0.21% bu is still a decent trade opportunity. Top chart includes fib, pennant and wave count. Setting SL below wave 1.
評論:

Should stay in channel
評論: Not if but when?

評論: It dropped out of the pennant however it has not broken previous Wave 2 retracement ( which is a good sign). SL 1.75.

評論: Also it has been oversold more than once in the last couple of days.
交易結束:達到停損點
Hi, how long can it take until the crypto market and xrp recover in particular from this run in Korea? Tks
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dropd01 gusccbb
@gusccbb, I don’t think Korea has any affect on this in particular. This is just a standard Elliot wave. The first pump wasn’t large so the Fibonacci retracements only take it to where I have it charted. Korea didn’t ban Crypto it was all a rumor and there are articles from yesterday that Korea stated they didn’t ban it. As for coin Market cap removing the Korean exchanges from the caps I think this is a good thing because the Korean banking is not globalized so really all that did was inflate the market caps.
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gusccbb dropd01
@dropd01, I hold and wait. Tks :-)
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dropd01 gusccbb
@gusccbb, your welcome good luck!
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