Oops_I_Charted

Ripple XRPBTC - Possible Inverse Head & Shoulders

POLONIEX:XRPBTC   XRP / Bitcoin
In addition to the Bullish Wolfe Wave it also looks like there's potential for an Inverse Head & Shoulders if it reaches 0.00021000 again.

Safest thing would be to wait for to pass the neckline before entering a trade...
Comment: There's the completion of the right shoulder, may need to recharge a bit before breaking for the target, but looking good:

Comment: Took some profit here because it hit my target for the Bullish Wolfe Wave, it's pretty overbought on the 5 & 15 min charts, and if it stalls here there's a possible Bearish Wolfe Wave:


Doesn't mean it won't eventually reach the Inverse Head & Shoulders target, but I'm just being safe. Can always buy back in.
Comment: OMG the suspense...bollinger bands are tight as hell, that triangle is just finishing up, stochastic low on 5 min, medium on 15, high on 30 & 60, low on some higher timeframes and high on others...the target for a triangle breakout matches up with the inverse head & shoulders target but there's an equally likely target the other way...IT COULD GO EITHER WAY!!

Comment: Well so far it's looking like the bearish wolfe wave lol - but it doesn't mean it won't reverse and eventually hit the H&S target. For now I'm out though until something new is obvious

Comment: some lines to watch:

Comments

Awesome bro...
+1 Reply
Careful here...

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I like your trading style, Good job!
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