XRP / BitcoinLong
XRPBTC 1D Wyckoff Thoughts - 10.18.17
Just jotting down some quick beginner thoughts on the XRPBTC daily chart.
- Potential Wyckoff accumulation in play, nearing Phase C pending spring.
- Large panic/anger dump following the lack of major announcements at the SWELL conference, seems to be an overreaction.
- Support levels are quite strong around 3500 satoshis, seems to be the local bottom.
- Potential edge to edge trade should we enter the cloud.
Opened a position at the current price (0.000039), stops set around 0.000034. Will be keeping a close eye on this one :)
Best of luck!
- Potential Wyckoff accumulation in play, nearing Phase C pending spring.
- Large panic/anger dump following the lack of major announcements at the SWELL conference, seems to be an overreaction.
- Support levels are quite strong around 3500 satoshis, seems to be the local bottom.
- Potential edge to edge trade should we enter the cloud.
Opened a position at the current price (0.000039), stops set around 0.000034. Will be keeping a close eye on this one :)
Best of luck!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.