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coincommand
Sep 23, 2019 8:01 AM

Trading set-up, long on XRP/USD.  Long

XRP / DollarBitfinex

Description

Still long on XRP/USD. Same set-up, but zoomed out to get more perspective & bias towards confirmation.
Comments
cyberholz
What's your long buying confirmation?
coincommand
@cyberholz, Pullback was expected after the huge surge to the upside. Market always needs a breather afterwards... After waiting out where the price would retrace to, you can see possible confirmations towards a continuation to the upside: a fibonacci set-up from the double bottom made with manipulative spikes down to position possible stop losses and the overall uptrend of XRP/USD. Next to that, you can draw inner- and outer trend lines which confirm setup.
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