Hey Y'all! BitBotly Here with some quick thoughts on the current state of ripple. As we can see, we have a bull flag and a falling wedge, both patterns are indicative of a breakout to the upside. The thing is, the bull flag has broken to the downside, which confuses the traditional point of view on bear flags. (they usually break to the upside) This could be a larger pattern forming, stay in cash until Ripple gives us a clear direction with an explosion in volume and volatility. Watch out for the big support line (black) and stay on your feet until Ripple has left the zone of big reactions (yellow) Like this idea so you don't miss out on our entry! BitBotly's full trading history Prev. Idea:
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This might be the moment of truth, get ready!
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SHORT Entry 0.3293
Trade closed: target reached
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0.32198 Profit: 7.5 % on Bitfinex with margin 1,0:3,3
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We have updated our trading history to reflect this trade See it here: tiny.cc/TradingHistory
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A new trade, check out our entry (It's not too late for you)