Hey Y'all!
BitBotly Here with some quick thoughts on the current state of ripple.
As we can see, we have a bull flag and a falling wedge, both patterns are indicative of a breakout to the upside. The thing is, the bull flag has broken to the downside, which confuses the traditional point of view on bear flags. (they usually break to the upside)
This could be a larger pattern forming, stay in cash until Ripple gives us a clear direction with an explosion in volume and volatility.
Watch out for the big support line (black) and stay on your feet until Ripple has left the zone of big reactions (yellow)
Like this idea so you don't miss out on our entry!
BitBotly's full trading history
Prev. Idea:
BitBotly Here with some quick thoughts on the current state of ripple.
As we can see, we have a bull flag and a falling wedge, both patterns are indicative of a breakout to the upside. The thing is, the bull flag has broken to the downside, which confuses the traditional point of view on bear flags. (they usually break to the upside)
This could be a larger pattern forming, stay in cash until Ripple gives us a clear direction with an explosion in volume and volatility.
Watch out for the big support line (black) and stay on your feet until Ripple has left the zone of big reactions (yellow)
Like this idea so you don't miss out on our entry!
BitBotly's full trading history
Prev. Idea:
Note
This might be the moment of truth, get ready!Trade active
SHORTEntry 0.3293
Trade closed: target reached
0.32198Profit: 7.5 %
on Bitfinex
with margin 1,0:3,3
Note
We have updated our trading history to reflect this tradeSee it here: tiny.cc/TradingHistory
Note
Trade active
A new trade, check out our entry (It's not too late for you)
Related publications
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.
Related publications
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.