Short
XRP Short
Taking a short here on ripple.
Bitcoin has been establishing support for about 12 hours ago when we longed after the drop.
So currently the price has touched the lower trendline and held support up to now. Also a structure resembling a falling wedge has potentially broken bullish (watch the fakeout). Also Dominance seems to also have established support.
Having said all of that, I'm taking a short on ripple under these circumstances as the downticking histogram, and macd on the 1hr are also pointing towards a drop.
Let's see what I can squeeze out of this.
Bitcoin has been establishing support for about 12 hours ago when we longed after the drop.
So currently the price has touched the lower trendline and held support up to now. Also a structure resembling a falling wedge has potentially broken bullish (watch the fakeout). Also Dominance seems to also have established support.
Having said all of that, I'm taking a short on ripple under these circumstances as the downticking histogram, and macd on the 1hr are also pointing towards a drop.
Let's see what I can squeeze out of this.
Trade active
Bob's Bitmex VIP, [17.07.19 02:33][In reply to Bob's Bitmex VIP]
BitMEX
#XRP/U19 Take-Profit target 1
Profit: 9.6199%
Period: 1 Hours 46 Minutes
Stop has been moved to break even. This trade is now risk free.
Trade active
[Forwarded from Bob's Bitmex VIP]BitMEX
#XRP/U19 Manual Take-Profit
Profit: 8.0025%
Period: 58 Minutes
Stop moved to breakeven
This trade is now risk free.
Keeping an eye on this flag that is forming. If dominance continutes to decrease then It might break bullish. If dominance bounces not then it may break bearish. Let's see how this plays out. Whichever way it breaks, I will take a trade in that direction.
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.
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.