Went to long XRP (soon)
01. XRP did a parabolic rise in December 2017 and now it declined long time.
02. You may noticed that it touches 0.768 and then bounces, slightly above 0.681 before bouncing down again. This market structure looks like it's in accumulation.
03. However, the market has "chart memory" so it's very possible that the coin can do a parabolic bounce when it touches 4316 sat because the whales have been patiently accumulating. FOMO buyers will pile on and buy high as always.
04. I'm still shorting XRP but I'll flip to a long soon because XRP has a habit of doing a parabolic rise. I will place longs at the yellow box area (just in case Bitmex does a mega wick down, I get to catch it). As always, I only do 4x to stay safe.
05. Always be aware of market structure and have a game plan. Feels good man. Plan your trade so nothing surprises you. I like trading XRP long term on Bitmex because it's slow moving and somewhat predictable. Well see how this plays out for weeks to come and if I'm right or wrong.
02. You may noticed that it touches 0.768 and then bounces, slightly above 0.681 before bouncing down again. This market structure looks like it's in accumulation.
03. However, the market has "chart memory" so it's very possible that the coin can do a parabolic bounce when it touches 4316 sat because the whales have been patiently accumulating. FOMO buyers will pile on and buy high as always.
04. I'm still shorting XRP but I'll flip to a long soon because XRP has a habit of doing a parabolic rise. I will place longs at the yellow box area (just in case Bitmex does a mega wick down, I get to catch it). As always, I only do 4x to stay safe.
05. Always be aware of market structure and have a game plan. Feels good man. Plan your trade so nothing surprises you. I like trading XRP long term on Bitmex because it's slow moving and somewhat predictable. Well see how this plays out for weeks to come and if I'm right or wrong.
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