XRP adjusted chart

Updated

Hi all! This chart is an adjusted vision from my chart in 12 dec 2018.

AS you can see in that chart is that my vision and first entry point has being succesfull so far.

I had to make this chart in order to set the future support lines, in order to get maximum gain.

You can see the chart here and also read about why i have charted as i have done.

Click here to read about the thought behind this strategy:

Wish you happy trading and feel free to comment

Trade closed: target reached

First entry point and exit point is well excecuted!

Now waiting for a pullback in order to enter my 2 entry point.

Comment

So many people trying to make extra in order to recover loss. This is a false breakout:

Comment

I skipped this christmas trade because I didnt feel secure about it on the top, and I senced that most of the volume was due to Binance announcing XRP as a trading pair, and if it was traded badly, it could cost me more if i got stocked in the trade.

Now waiting for the pullback, so I can get in to my nr 2 trade or maybe I will just wait to the dust settles and only enter at 0,28 $ where I have lined my Nr 3 trade up.

Comment

What I find odd is that the xrp trading pair announcement on Binance came exactly at the doubble top area! I thought that traders was commpeeting and not traders verses exchanges. The good part is that, I now feel comfortable to continue with my Nr. 2 entry point and go for the 10% gain.

PS: My entry points are set due to entry price and not entry day or time

Comment

Seeing this bearish shooting start unfold it self on the weekly candle, gives me more comfirmation on my vision for the bottom price on xrp, and also more motivation in order to enter my set entry prices.

Major entries for me are point: 3, 6, 8, 9 and 11
The rest I will decide based on market activity

Trade closed: target reached

So far so good. My Nr. 2 entry and exit is complete. I am now waiting for the pullback and then re-enter between 0,68 and 0,282 $ area.

I will leverage the next trade after confirmation, because I am sure it will rise til 0,365 or maybe 0,375 area depending on volume.

Comment

Correction: re-enter between 0,268 $ and 0,282 $

Marmullak

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