XRPBTC SHORT Right-Angled and Descending Broadening Formation Short

XRP / BitcoinPoloniex

Description

⋅ Feb 23, 2018 9:15 AM

There is a good channel trade potential.

Be sure to use tight stops and use for partial decline . If a partial decline occurs - meaning that the price turns around before getting close to the other trendline - CLOSE YOUR POSITION and consider a long trade.

Info on the pattern: thepatternsite.com/rabfd.html

Good luck

Order cancelled

⋅ Feb 23, 2018 9:40 AM

Comment

⋅ Feb 23, 2018 10:28 AM

i might still get on on this.

Trade active

⋅ Feb 23, 2018 4:23 PM

Entered the trade at 9375

Comment

⋅ Feb 23, 2018 6:08 PM

What's going on, why is this pumping on great volume? can't find any news

Comment

⋅ Feb 23, 2018 6:12 PM

Maybe a short closing that generated a short rally? Monitoring the trade. Will close if it comes near my entry again.

Trade closed manually

⋅ Feb 23, 2018 6:59 PM

Not sure what's going on. Close the trade for minor profit. its better than a loss.

Comment

⋅ Feb 23, 2018 6:59 PM

Also fearing a partial decline => very bullish signal

Comment

⋅ Feb 24, 2018 11:08 AM

Considering this trade:

Trend Analysis XRPBTC

Comments

lj_4b

⋅ Feb 23, 2018 6:20 PM

close my trade 20 mins ago. looks like its going to be pumped like it was on 14th February
don't want to take this risk... huge volume

mostly_george

⋅ Feb 23, 2018 6:30 PM

@lj_4b, i think that was the right move. I'm sticking around for a couple of candles. There is a strong bearish divergence on the 15 minutes.

TomPower

⋅ Feb 23, 2018 10:55 AM

yeah that last chart is more like it, megaphone pattern