XRP/BTC recently really surprised me, because price go up in nice wave cycle made of 5 waves, so we will see at least another similar 5 - wave cycle to the upside. I highlighted two blue boxes, which should act as a supports. 2600 satoshis would be just great buying opportunity, in my opinion.
Comment:
Hmmm, we get above that trendline, but I think, this is only fake out, I don´t believe, that this channel was actually bottom of the correction, I don´t see there any impulse structure.
Trade active:
XRP is still holding above that trendline, so I think this is bullish. I opened trade on binance with small amount of money, my stop loss is 2674 satoshi and my target is only potential and that is 3143 (we can easily go way higher, so too early to set targets)
Trade closed: stop reached:
Well, I bought TOP of corrective wave "B", sometimes it may happen. Next potential target, when correction should be finishing is at 2600-2580.
Comment:
Daaamn, it looks like, that we got another "x" - failure and we are dealing with the most complext WXYXZ correction. However if get above bullish level, it should be VERY safe to long xrp/btc.