XRPBTC
After some consolidating price action for two days. Price has finally broken out of the consolidation zone and price went to the 9K resistance and was rejected
Since then it has retraced to the 0.618 fib level and has been holding.
We can expect a retest of the 9K resistance
Breaking the resistance is not out of the question
Go long @ 8.5K
TP: 9.4K
SL: 8.2K
Comment:
Bearish Pattern that is. I Didn't specify.
Trade closed manually:
Took profit after indentyfing bearish bat pattern
Trade closed manually
And will bee seeking a sell opportunity when point D is reached.