XRPBTC - Ripple potential bullish bat pattern

I see a potential buying opportunity on Ripple/BTC if it drops back down to 0.00000466. Looks like this area has provided some support/resistance in the recent past. Given the context of the recent downtrend I think this bat pattern completing at the S/R zone would make a strong case for a long entry. I'd say it's worth watching

**cryptocurrencies = crazy volatility = higher risk tolerance = wide stops**

Trade active

Looks like a wick triggered my entry a couple hours ago. Fingers crossed. Let's see what the market brings.

Note

Since Ripple often acts as a hedge against BTC folks in this trade would do well to take appropriate action considering the impending SEC decision on the proposed bitcoin ETF due this Friday, e.g., take profit/move stop to protect position/hedge, etc... (depending on your strategy, analysis and risk tolerance)

Note

For those that may be betting on continued Ripple bullishness, this morning saw a clear touch and rejection of the 0.618 level of the last impulse.

*anticipate volatility with the bitcoin ETF pending*

Note

If Ripple pulls back again I'm looking for another chance to buy around 0.00000466

I_see_BTC

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