a1mtarabichi

XRPBTC BULLPEN OPEN!!

BITSTAMP:XRPBTC   XRP / Bitcoin
No oped on this one -- figured I'd keep it short & sweet. Head & Shoulders indicator coupled with massive volume surge led me to dig futher.

Green Horizontals represent TP1-3 with TP3 a midterm sweep.

Red horizontal worst-case stop.

Markt VOLATILITY: HIGH

Keeping this publication NEUTRAL as next move is contingent on BTC price volatility.

Risk/Reward: 25/75

BB / KC / VOL / Sqz & RSI all seem to bolster this bullish breakout (long overdue IMHO) as XRPBTC has been looming around trading sideways since the middle of last quarter.

Peace & Love all

@A1mtarabichi

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.