#XRP vs. BTC Short swing trade with <3
Updated
Simple idea about XRPBTC short swing trade.
We can see same fractal patterns:
1-2-3-4 showing long term declining line.
a and b showing Rising Wedge pattern.
Letter I showing Resistance which is broken with fakeout move.
Letter X showing Maximum target for Rising Wedge pattern
Now look at indicator section, *change scale if you need it:
RSI showing rising support, that is going to be broken according to previous fractal structure, right? That is what i expect, and move down to <20 level on daily chart.
MACD showing pretty similar look.
So target for XRPBTC short can be located between 0.00005600 and 0.00004500 levels with daily RSI located at point lower that 20 level.
From this 0.00005600 and 0.00004500 levels you can also take a long swing trade but it depends on market conditions on that time.
We can see same fractal patterns:
1-2-3-4 showing long term declining line.
a and b showing Rising Wedge pattern.
Letter I showing Resistance which is broken with fakeout move.
Letter X showing Maximum target for Rising Wedge pattern
Now look at indicator section, *change scale if you need it:
RSI showing rising support, that is going to be broken according to previous fractal structure, right? That is what i expect, and move down to <20 level on daily chart.
MACD showing pretty similar look.
So target for XRPBTC short can be located between 0.00005600 and 0.00004500 levels with daily RSI located at point lower that 20 level.
From this 0.00005600 and 0.00004500 levels you can also take a long swing trade but it depends on market conditions on that time.
Trade active
bearish divergence on 4h tfAdd short at each of this levels
Split your position size by equal orders in this range in order to get better short-entry
Note
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Trade closed: target reached
LOL so cool
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