XRPShort
XRP - The Trap Has Been Set
Updated
Analysis:
- Fibonacci Retracement
- Support & Resistance
- Order Block Flow
- Market Maker Method
Inflection Point: $1.25 (Point Of No Return)
Target 1: $1.49667
Target 2: $1.11964
Target: $0.64172
Opinion:
Despite the massive bull run up I do believe a 50% - 70% correction is inbound
My reason being is that this rise has no fundamental backing
The SEC case has not been resolved and XRP has not been re-listed on major exchanges
I do not believe the powers to be will reward retail traders
I attached my previous markup that I did before the rise
I will be looking to trade this move both ways with an emphasis on shorts
- Fibonacci Retracement
- Support & Resistance
- Order Block Flow
- Market Maker Method
Inflection Point: $1.25 (Point Of No Return)
Target 1: $1.49667
Target 2: $1.11964
Target: $0.64172
Opinion:
Despite the massive bull run up I do believe a 50% - 70% correction is inbound
My reason being is that this rise has no fundamental backing
The SEC case has not been resolved and XRP has not been re-listed on major exchanges
I do not believe the powers to be will reward retail traders
I attached my previous markup that I did before the rise
I will be looking to trade this move both ways with an emphasis on shorts
Note
Target 1 Completed :)Note
Target 2 Completed :)Note
Executed Long Position @ $1.05587 Stop Loss @ $1.0232 3% RiskNote
Stop Loss Hit 3% LossNote
Little bummed I messed up my buy entry but that is okay!This pullback is expected. Do not get excited as we will continue to head down :)
I will be looking for short and/or long trades when they setup according to my strategy
Note
Executed Long Entry @ $1.3532Note
Closed Long Entry @ $1.567Note
Expecting a SELL OFF incoming sometime this week! Do not get attached to the long FAKE pumpNote
XRP has trapped traders long...we may have another push up but we are primed for the sell off :)Note
I bet everyone is yelling XRP to the moon? Sorry I even expect there will be some "BAD" news in the next coming days :)
That will kickstart the correction cycle down and then we will finally have the prices I want!
Note
Im loving how XRP is respecting my markup :)Down the maze we go!
Note
Just beautiful...Every time I press play :)Note
XRP is getting ready to SELL OFF so do not get attached to those longs :)Note
I told you not to get attached to XRP longs...How did I know the major sell off was coming? :)
Note
Target 3 INBOUNDNote
PERFECTION Sometimes I have to pat myself on the back sometimes
So many "gurus" online claiming they called XRP back under $1 uh huh
Check the DATE when i first did this chart...
If everyone remembers you couldn't tell someone XRP was going to drop...
God I love trading :)
Note
I am calling it RIGHT NOWI will also be doing a follow up chart very soon
In the next 1-2 months XRP case will END and XRP will be RELISTED and then we will truly MOON :)
Note
Target 3 InboundNote
TARGET 3 COMPLETED ALL targets hit next markup to follow!!!
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