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OmegaTrade
Jul 1, 2017 8:56 AM

XRPBTC Break out next 72hours (10-12%) Long

XRP / BitcoinPoloniex

Description

As a former bag holder of XRP, I would typically see very desperate posts calling for it to go to the moon on a near non-existent technical, but here is something I can actually see.
For full disclosure I am considering entering a long position based mostly off of previous breakouts we have seen when getting to a pointy end of a descending triangle. With a new found strong support of 9700-9900 it is a safe bet in comparison to the rest of the market at the moment.
The rest of the market is in a sea of red at the moment and is making me feel more out of place than a polar bear in the amazon.

Based on previous breakouts I would be hard pushed to expect anything greater than 11200, but I've never been one to shy away from a tasty 10 - 12% gain.

As always,
Stay Focused, and trade to trade well

Comments
RossBot
I can see a BULL flag forming in not so distant days.
I am long. I have a few XRP position.

This will be good for day traders.
Buy low, sell high. Wash, rinse and repeat.
RossBot
I have been following XRP for sometime now and it has a solid support and in fact it's gain traction which might be slow but consistent.
Let's wait for Q4 and this will explode.
Bit coin is slowly fading away and if XRP is consistent with the trajectory, chances are, XRP might topple SWIFT and when it happens, there will be a lot of multi millionaires.
donmecha
tasty tasty gains. one cool thing with ripple in this see of red is that it hasn't fallen more than 1000 sats
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