DrDovetail

Ripple Breaks Upward out of Descending Triangle

Long
DrDovetail Updated   
BITFINEX:XRPBTC   XRP / Bitcoin
Ripple has just broken bullishly up out of the descending triangle it was in, and also well above its 4hr buy sell line. What's more this descending triangle may be the handle of a larger cup and handle pattern which if so would only lead to much more upside in the near future. This looks like a good entry point, but since I've been in for awhile I will simply laddering in more amounts of ripple incrementally.You choose your own strategy and good luck *not financial advice*
Comment:
lack of sustained major bull volume here combined with people unsure whether or not btc will be breaking down from it's current rising wedge right now may cause this breakout to be uuneventful. We will have to wait and see. So far I have not entered any more in yet...but will start laddering in if I see more of a bullish push in the next candle or 2.
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