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nlizotte
Jun 2, 2017 5:17 AM

XRP/BTC Neutral Update 

XRP / BitcoinPoloniex

Description

If steeper channel holds, T2 will be reached soon.

If we move into the 2nd support level , we will see a retrace to the broadening wedge support level

Trade active

Trade active

Adding to position.

Ranging confirmed, few pop ups in price occurring.

Trade active

Comments
Encinomanz
Wow excellent chart im surprised no one has commented. How did you choose the level of the red dotted line?
nlizotte
@Encinomanz, Hey! Thought I replied already. I didn't put a fib tool in, but if you notice the purple lines and dotted lines. Those are the support and resistance levels from connected points on largest time frame.

Fib retracements follow within and the dashed red and green lines are the follow-points for Wolfe Waves.
Safori
@nlizotte, Stay put here or decision time?
nlizotte
@Safori, Looks like time to get in. refer to the additional chart i posted here just now
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