XRPBTC 1D Wyckoff Thoughts - 10.18.17
Just jotting down some quick beginner thoughts on the XRPBTC daily chart.
- Potential Wyckoff accumulation in play, nearing Phase C pending spring.
- Large panic/anger dump following the lack of major announcements at the SWELL conference, seems to be an overreaction.
- Support levels are quite strong around 3500 satoshis, seems to be the local bottom.
- Potential edge to edge trade should we enter the cloud.
Opened a position at the current price (0.000039), stops set around 0.000034. Will be keeping a close eye on this one :)
Best of luck!
- Potential Wyckoff accumulation in play, nearing Phase C pending spring.
- Large panic/anger dump following the lack of major announcements at the SWELL conference, seems to be an overreaction.
- Support levels are quite strong around 3500 satoshis, seems to be the local bottom.
- Potential edge to edge trade should we enter the cloud.
Opened a position at the current price (0.000039), stops set around 0.000034. Will be keeping a close eye on this one :)
Best of luck!
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