POLONIEX:XRPBTC   Ripple / Bitcoin
Ripple for long term investment - If it break the cup and reach the resistance area , it's a good sign for long term investment.

Stuff to remember:

— First look for significant move, then follow it to its origins where you might find a suitable level to evaluate further

— Make sure the initial move is significant on the same timeframe as the one you use for viewing your candidate level most clearly

— Check the distance that price traveled before the trend ended, longer distances mean larger initial imbalances and improved probabilities in the future

— The strong initial move can contain a few small retracements but not so many that make this move slow and weak

— Avoid opposing levels on the same and immediately higher timeframes, prefer to have a clear road ahead for your trade to run

— Make sure your level is placed correctly (low for Demand, high for Supply) in relation to the big picture's important tops and bottoms

— Trading the first return of price to a valid "fresh" level carries the highest probabilities due to the larger imbalance

— A valid level is considered "fresh" if price has not returned to it since its creation. It has nothing to do with how old the level is
Nice Analysis. Thank you
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Ripple looks bear to me might reach 0.00003.5 or even lower to 0.00002. Im goiing to get liquidated because I margin longed at 0.000052 base
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captrade captrade
@captrade, 0.00003500 or 0.00002000 I think will range between here until the start of next year similar to the ripple at the start of this year.
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I bought yesterday the XRP at the price of 0.00005112 BTCS now what do I do? and thank you
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@clark87, why do you deal with crypto if you have no idea what are you doing?
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clark87 Owcheew8
@Owcheew8, Because I'm a beginner in this field
+1 Reply
captrade clark87
@clark87, I bought there as well but on margin. I assume you bought spot. We are going to get rekt but I will hodl until I am liquidated. If you arent trading with margin just hodl imo.
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Thanks for the idea, it always opens my mind and eyes to see things differently. Sending love from USA!
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Tradewonk vovokikohq
@vovokikohq, Thank you, my pleausre!
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