XRP / BitcoinLong
XRP Trade Still Active according to the Pivot Reversal Strategy
The Pivot Reversal Strategy has turned out to be an interesting one because I have yet to get screwed over by it on large time frames. Using this indicator to make trades on smaller time frames can lead to death by fees in the long run, but always seems to make up for small losses with big winning moves (particularly on the hourly charts). I am very bullish on XRP based on other technical analysis, but I am only pulling out if I get a sell signal on the daily chart. Based on the history of this strategy on XRP, the profits are massive.
I would like to hear from you if you have used this strategy for trading, and if not, I would recommend looking at it since it is free to use and seems to be making some people a lot of money.
As a rule for myself, I like to enter trades when the Daily Chart gives me a BUY signal, and then trading on the Hourly until the Daily Chart gives me a SELL. This method seems to work quite well if you dont want to put too much energy into reading charts.
I would like to hear from you if you have used this strategy for trading, and if not, I would recommend looking at it since it is free to use and seems to be making some people a lot of money.
As a rule for myself, I like to enter trades when the Daily Chart gives me a BUY signal, and then trading on the Hourly until the Daily Chart gives me a SELL. This method seems to work quite well if you dont want to put too much energy into reading charts.
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.