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FX_Professor
Dec 15, 2020 10:08 AM

XRP - Keeps dropping against Bitcoin but for how long Short

XRP / BitcoinBitstamp

Description

So yeas Ripple drops against the bitcoin, as well as against the dollar.

Soon there will be an opportunity for Ripple to rebound and that will be the moment to consider a reversal (start buying Ripple again).

How do we trade this now? Well we hedge, we buy Bitcoin and we sell some Ripple. This can change in the next 16 to 48 hours (4 to 12 4h candlesticks)

Keep in touch.
Comments
papa_dragon
Just brilliant!
FX_Professor
@papa_dragon, hola papa! Thanks ☺️💰
InkyGrip
impeccable analysis! 🦐💎
TradingOn
If it does not bounce here as I expect, I guess you are right then. Nice analysis!
FX_Professor
@TradingOn, can go either way my friend but i tend to believe what i call the 'bog charts', support and resistance calculated on weekly and monthly
TradingOn
@FX_Professor_88, Well done, it went down and bounced on your support!
Luckily my Stop seemed to have been safe enough and road to targets now:
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