DysfunctionalBelief

XRPBTC - Update

Long
POLONIEX:XRPBTC   XRP / Bitcoin
XRPBTC Update.
Comment:
XRP is currently in a descending FIB channel, trying to make its way out. I have a good feeling about this so i went ahead and tripled my position.

If i am wrong and it goes south next support level is @ FIB 38.2% around 14500-14800.

If it goes north then resistance @ 24300 and once we break it next resistance @ 34800.

Fortune Favors The Bold.
Comment:
Comment:
The war between the bears and the bulls on the 16000 front line is brutal !
Comment:
HOLD. HOLD. HOLD !
Comment:
Comment:
We are finally out of the channel, might take some time to recover though.
Trade active:
Comment:
Comment:
Elliot ?

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