Since I'm anticipating a pullback I am going to hedge short in to my long entry. Price could move below the previous lows before the rally to higher daily highs. This way I'm covered in both sides of the market. I will watch this one closely and move stops to BE when it moves away form the entry, I still have a buy stop at 0.18 so I'm still bullish. This is just a scalp
While BTC has been moving sideways some of the other "major" cryptos have been giving clues to their direction. LTC is one of the clearer price charts in my view. The $40 pivot has been a very important price point for this pair, it seems to find equilibrium there. After a very bullish day yesterday the market moved sideways a majority of the day. The move...
Xrp dipped below the previous lows picking up a lot of orders and had a good talk to the upside. This move was called in my previous post, having missed the initial move I now expect a move down. I expect price to dip in to the blue box before a potential move higher. First target would be 0.19 and I will scale off 50% and move my stops to BE. I will take a...
On the monthly timeframe xrp is the only one of the crypto majors that spiked through 2017 lows before the bull run. Every since that deviation it has been printing higher highs, it makes sense to keep with the trend unless structure is broken. Agressive move down to start the week off, a long trade is on the radar. Catching a long now in the marked areas would...
The hedge trade was taken out at BE on the short side. Scaling 75% off the short trade, leave 25 % on with stops at BE. A move down to the blue box to pick up more orders is in play. Looking for a higher timeframe HL to form before a potential move higher. Could see prices as high as 0.22 - 0.24 If Xrp can't hold the lows it will go to zero. Imo
As mentioned in my previous idea, I'm waiting for XRP to make a higher low on the higher TF. Looking for price to take out the stops below the revious high or the x before the next move higher.
Xrp has been printing hh and higher lows. As long as it holds above the previous daily low I'm bullish. Having printed a higher high I now anticipate a run on the stops resting below the daily low before a rally to 0.22
Xrp was ranging then it finally broke to the upside. Saw distribution pattern befor the failure swing. Now expecting a rally to pick up more orders before dumping in to liquidity.