XRP/BTC - Long

8 nov 2018

• Past pumps have been followed by vicious pullbacks and high volatility, this one is holding with strong support and relatively calm price action
• If this support can hold, an upward bounce through the above trendline could result in a LARGE upwards move
• Fundamentals: Ripple Labs is sitting on a bunch of capital from selling XRP at the top in the beginning of 2018, and have been making deals left and right with large companies, bettering their product and making efforts to incorporate the XRP token as much as possible
o Rumors of SWIFT using XRP token as well as deals with Japanese banks to use a new version of ripple software where the XRP token plays a vital role
• Stop:0.00007941 (-3.2%)

8 nov 2018

Nota

Got out at 8140 on an initial break out of uptrend. Volume wasn't there, didn't like how it looked.