XRP Idea
Updated
[WARNING : NOOB TRADER TALKING]
Hey I'm new to trading but I try to focus on a handful of coins to really get a feel for their specific behavior. In this Idea I see the momentum of XRPBTC changing a little bit. I tried out some indicators and this combination of FIBONACCI Retracement, MACD and a Cycle Indicator have been very accurate if you look back at the whole chart. I think XRP will test the 0.38 Fib Level. My idea is to swing some XRP into BTC when we approach that Fib Level.
DON'T FORGET : I'M JUST A NOOB TRYING OUT SOME INDICATORS.
I hope this works out.
Have a nice day
Hey I'm new to trading but I try to focus on a handful of coins to really get a feel for their specific behavior. In this Idea I see the momentum of XRPBTC changing a little bit. I tried out some indicators and this combination of FIBONACCI Retracement, MACD and a Cycle Indicator have been very accurate if you look back at the whole chart. I think XRP will test the 0.38 Fib Level. My idea is to swing some XRP into BTC when we approach that Fib Level.
DON'T FORGET : I'M JUST A NOOB TRYING OUT SOME INDICATORS.
I hope this works out.
Have a nice day
Note
Even though it did not play out exactly the way I anticipated, I think that there is some kind of mini triple bottom forming now. There is definitely some resistance and I still think that we can squeeze some more BTC out of this. Hold tight!Note
Okay Guys last comment before we make some sleepy sleepy time. This is a very crucial point in this trade idea. We are still fighting against upper resistance line but we made a third bounce which indicates good support. On lower time frame we are breaking through the resistance. I wish you all good luck!General advice: It's a very special time in the cryptomarket where it's superhard to outperform Bitcoin. So don't get greedy. Set your goals. Increasing your BTC amount by a few % is already a big win at this point.
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