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Fibs

XRP Sell, get ready to buy long term.HODL is what they say, anyone selling XRP right now is loving life, and those HODLing from 2/3 bucks have loss anywhere from 50 to 60 percent of their acct value. I can see XRP going down to a previous low 85ish, I can see it going down further to about 80 cents, possibly tearing apart buyers by dipping lower to 75 cents. I'm new to trading XRP and I do believe that despite it being a crypto currency it is just as manipulated as regular currency, it's going to follow patterns I will continue updating this. Currently I have a short open from 1.13 and looking to hold to 80 cents. I would look to buy here with a small lot, would place a buy limit at 75cent ish.
BITFINEX:XRPUSDShort
by SSJNat2018
2
EUR GBP Short 2My first short I rode it down from about 0.89382 (38.2) to 0.88594 (50) and got out thinking it may bounce off the 50 fib which it did. Got out watched and waited. Bounced off the 50 a little bit but to me it looks like it will eventually continue going down. Looking at the fibs for the first wave up it looks like it could bounce from 50 to 38.2 and possible go up more from there. However, looking at the fib on the wave down it looks like a bounce on the 38.2 and down towards the 11.4. The 38.2 levels on the wave up and wave down line up. (Probably not significant but interesting.) Fib retrace on the wave down bounced on 38.2 twice, shot a long wick to the 50% and now looks like its headed back down. Entry: 0.88981 SL: 0.89906 (90 pips) TP: 0.8769 (130 pips)
Short
by el2icxp
EUR GBP quick shortI rode EUR GBP long from the 61.8 fib level to 38.2 fib. Took profits at 38.2 fib as it consolidated and just waited to watch what it does. Looks like a false move up or stop hunt on today's candle (long wick up) before shooting down so I entered a short. Entered: .89164 TP: .88533 (This is the 50 fib retrace level, next level down.) (67 Pips potential profit) SL: .89878 (Recent double top level right above the 38.2 fib level) (67 pips potential loss) Risk to reward ratio 1:1. Not the best risk to reward but I felt like rolling the dice on this quick trade.
Short
by el2icxp