XRP BAT PATTERN IN PROGRESS

2019年10月29日

MARKET TESTED THE 30 CENT RANGE WITH NO SUCCESS PRICE MOVEMENTS HIGHER AND HIGHER BUT RSI SHOWING
BEARISH DIVERGENCE LOSING NO BREAKOUT VOLUME IN 15 MINUTE CHART AND LINES UP PERFECTLY FOR A BAT PATTERN SHORTING NOW EXITS AT 22-23 CENT RANGE . RETRACEMENT AT 0.786-0.886 ALSO MATCHES TO INCLUDE FIB CHANNEL AND TREND FIB EXTENSION 1.27 AT 22-23 RANGE

INVERTED FIB EXTENSION ALSO AT 23

MAJOR FIB CONFLUENCE AT 23-22 RANGE EVERYTHING LINES UP


LONG AT 22-23 CENTS

2019年10月30日

註釋

I HAVE NOW SEEN A DIFFERENT SCENARIO SINCE THE BAT PATTERN ISNT COMPLETE YET. MY NEW THEORY CONSIST OF TREND TRADING. LIKE THEY SAY IN THE BIZ THE TREND IS YOUR FRIEND AND THAT IS WHAT XRP IS DOING. WITH MAJOR FUNDAMENTAL EVENTS HAPPENING WITHIN THE NEXT WEEK SWELL AND REMEMBER REMEMBER 5TH OF NOVEMBER COMING "LOL" WE COULD SEE A PUSH TO THE UPSIDE 45-46 CENTS MY THEORY AS FOLLOWS


XRP IS TRENDING SINCE 22 CENTS AND HAS HELD THAT CHANNEL FOR A WHILE NOW. SINCE XRP IS RUNNING OUT OF STEAM AT 30 I DO EXPECT A DOWNTURN REGARDLESS. IF THE 28 CENT SUPPORT HOLDS WE ARE STILL TRENDING AND COULD BE THE LAST RETRACEMENT TO BREAK THE 30 CENT MARK. TARGETS FOR THIS TRADE WOULD BE 44-45 FIBS EXTENSIONS AND RETRACEMENT TOOLS FROM THE LAST MAJOR LEG LANDS A .786 AND .886 AT 44-46 CENTS.