sebastian.soik

XRPBTC - possible forecast

Long
BITFINEX:XRPBTC   XRP / Bitcoin
XRPBTC finally shows signs of strength. In the last couple of days Ripple was up double digit, a short-term pullback is expected.
RSI shows signs of overbuy, momentum runs into negative, MACD shows a bearish crossing on the given timeframe.

I had some old target lines, that I used to build my forecast. I also painted the estimated values of the SMA100 Indicator because it like Ripple stays above it and there is a good chance for a bounce on it.

In the past I had some disappointing results in my XRPBTC trades. I would still not put that much capital into it until there are definite buy signals.

Market situation looks promissing, Ripple pulled over Litecoin and Dash (and Bitcoin Cash but this thing is going to die). Here's a screenshot of coinmarketcap.com
www2.pic-upload.de/img/34048643/cmc.jpg

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