They said below $1 was mission impossible.
Little did they know, I am the Tom Cruise of Ripple.
Ripple is very easy to trade as it lags behind btc -5.10% . You can find entries based on pivot points , and targets based on fibonacci levels.
In this idea I talk about how the candle gave me signals to enter/exit positions.
- Green hammer after a downtrend signals trend reversal
- Volume spike in next session confirms long entry
- Approach EMA50: Trade with care and take most profit. Safest play is to wait and see how the market reacts to trendlines . Will it reverse? Will it cross? Wait and see!
- Dogi does not always signal reversals. It just means the market does not know which direction to go. Wait for more candles to come out before making decisions.
- Two consecutive sessions with lower close will give confidence to predicting trend reversal. Closing below the dogi shadow is a must.
Little did they know, I am the Tom Cruise of Ripple.
Ripple is very easy to trade as it lags behind btc -5.10% . You can find entries based on pivot points , and targets based on fibonacci levels.
In this idea I talk about how the candle gave me signals to enter/exit positions.
- Green hammer after a downtrend signals trend reversal
- Volume spike in next session confirms long entry
- Approach EMA50: Trade with care and take most profit. Safest play is to wait and see how the market reacts to trendlines . Will it reverse? Will it cross? Wait and see!
- Dogi does not always signal reversals. It just means the market does not know which direction to go. Wait for more candles to come out before making decisions.
- Two consecutive sessions with lower close will give confidence to predicting trend reversal. Closing below the dogi shadow is a must.
Comment:
Comment:
Traders especially need discipline and patience during market correction/times with high volatility.
Two options:
1. Try to catch the top and bottom all the time and miss often.
2. Wait for multiple confirmations before opening a position. We might make a smaller profit, but we don't get trapped. (aka, those who bought ripple just now at $.95).
I will always go with the second option.