Ripple BTB
Updated
Hello Y'all!
If you remember my last analysis I put a buz-zone on the chart, expecting a bounce. Since price action never showed strength in the buy zone, we avoided the long trade altogether. (Remember to always wait for confirmation)
So what's going on right now with ripple?
We can see that it is currently in a little consolidation zone, and price are starting to form a bear flag, and also a BTB (!) inside of the bearflag. We're in the third bounce now which is an indication that prices will drop. Wait for a break to the downside and then enter a short trade.
Like and Follow this idea so you get notified when I short :)
BitBotly's Full Trading History
If you remember my last analysis I put a buz-zone on the chart, expecting a bounce. Since price action never showed strength in the buy zone, we avoided the long trade altogether. (Remember to always wait for confirmation)
So what's going on right now with ripple?
We can see that it is currently in a little consolidation zone, and price are starting to form a bear flag, and also a BTB (!) inside of the bearflag. We're in the third bounce now which is an indication that prices will drop. Wait for a break to the downside and then enter a short trade.
Like and Follow this idea so you get notified when I short :)
BitBotly's Full Trading History
Trade active
Entry: 0.32479Stop Loss: 0.331
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