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mostly_george
Feb 16, 2018 2:53 PM

XRPBTC short  Short

XRP / BitcoinPoloniex

Description

RSI divergence ,
plenty of dojis and spining top candles that signal a reversal.
Slow price rise with low volume.

Support almost broken

Good resistance to set the stoploss to.

Trade active

LETS GO CHAMP

Comment

u hate this sideways trend

Comment

Forming a Diamond Pattern . They usually break out downside

Comment

target for the diamond breakout is 107 , ( the high-low from the diamon added to the breakout point)

Comment

diamond broke

Trade closed manually

that mean buy wall at @ 105 made me sell it. oh well, time to move on XRM is doing stuff. i'ma check that out.
Comments
TomPower
George, pulled up your idea earlier today and I thought hell this ain't going to work with BTC hitting new highs, It did work and my ripple is dead money here. well done! although i lost on the deal here, lol
mostly_george
@TomPower,hehe :D ,kinda lost almost closed it myself on this one, it took longer than i expected
TomPower
@GeorgeAlexe, I just love holding losers and I will hang on to it as I'm sure it will hit your bottom target
mostly_george
@TomPower, like @lj_4b pointed out,there is a huge buying wall at 105. might close it before the target
lj_4b
@GeorgeAlexe, btc is overbought and xrp is oversold... what about opening the long position?
mostly_george
@lj_4b, could be a nice bounce, but I didn't get a chance to look at the charts and "Feel" the markets. if XRP makes a double bottom, i'd consider it.
mostly_george
@GeorgeAlexe, oh, btc is probably gonna rally today. I wouldn't go long on alts just yet.
TomPower
@GeorgeAlexe, now this is where I am new to cryptos, you're saying there is a phase difference between the mother and her ducklings? by the way that chart just met target
mostly_george
@TomPower, I mostly trade BTC\ALT pairs. When BTC rallies, most alts go down in BTC , but grow USD, slower than BTC\USD. I invested plenty in this lesson when i had ETH and XRP longs opened when BTC rallied from 8000 to 20,000. oh man that was brutal.
lj_4b
will be interesting to see the wall breaking on 10500. ofc 100btc is not a problem, but... will it be broken like in 1 hit or with rollback on 10600
However. expecting xrp ~10000
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