Wolf
Short

Ripple bear trend is not over

POLONIEX:XRPBTC   XRP / Bitcoin
XRP/BTC still hasn't touched support line and has yet to complete a 5th wave. There is resistance below 2nd wave and this can confirm the bearish 5th wave.
The current situation can also be explained without technical beackground.
Tomorrow the SWALL conference will start in Shanghai where important speakers will come together.
This could have a major impact on ripple pricing.
It's still not save that XRP is going up or down, so I would not open short positions right now but waiting for real technical signals or jumping into the market by momentum.
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kabanec_1 sebastian.soik
@sebastian.soik, SWELL is in Toronto tomorrow Oct 16th. There gonna be a live feed from the place.
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@kabanec_1, Oh yeah, don't know how I came to Shanghai but thanks for the hint
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