Nice charts! I agree it's time to take a look at a long position. I cannot base a trade on a single candle or a specific moment in time without confirmation on the daily. $230 is still resistance and the weekly chart still bearish. If this can break $230 there will be massive short covering as the volume to $300 is sparse. If we hit $300 that will trigger the die-hard' and the possibility of $400+: There is a high probability we see a retracement from this level back to POC. I am standing by, you can bet on that!
JoE
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@biffbifford, My bet paid off, it was my bad not showing zoomed-out version of it but you should take a look at parabolic down curve on higher time frames.
biffbifford
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@JoE, Nice call Joe! I really thought we would see some MASSIVE short covering above $230 but shorts can be stubborn. You don't need to toot your own on this call, buddy. Let me do it for you with a Like and a Follow!!!
JoE
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@biffbifford, Appreciate it! Followed you back too, trade well my friend.
dee718
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... this is bot bait
I would wait for pull back (my opinion)
JoE
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@dee718, Was wondering where is your pull back sir? Breaking out of a triangle already tells enough (my opinion). I feel myself bragging about it so I probably should get out LOL.
Anyway, I hope we all make billions of dollars, have a good one.
dee718
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@JoE, Yea... I dont trust this move... I think it would be a prudent move to take some profits and wait for the re-tracement/correction... XRP seems to the hype driver, but there was a lawsuit going on not too long ago.... be careful out there