XRPUSD (early) long trade

23 feb 2018

Hi people,

It's been a long time but now considering posting more. I might try to provide early (more risky trade) from now now.

I'm looking for a strong reversal on high cap crypto currencies such as bitcoin (especially with lightning network) and ripple. After those are establish, then I'll move capital to altcoins.

Just spotted XRPUSD touching the bottom of a potential channel and moved up. Also, BTCUSD bounced on the 0.382 fib retracement (see capture in the comments) : both are correlated lately. So : BTC + XRP long vs USD

Stop: bellow the recent low (< 0.85)
Target: moon

23 feb 2018

Nota

BTCUSD bounced on the 0.382 fib level.

23 feb 2018

Trade attivo

Stop order moved to breakeven

27 feb 2018

Trade chiuso manualmente

Even if this idea was about going long, the trend on only bullish on minor timeframe (<1h). Also, I would have expect the price to bounce a lot more that than for the signal to be a strong one. Also let's be reasonable : there is plenty if resistance ahead.

This morning price hit a first trend line on the 1/4hr chart and have trouble breaking it. I'll close the position in profit for now and will wait to see how thing goes.

2 mar 2018

Nota

I'm now looking for a short. See

for more information on this trading idea.