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DanLaffas
Oct 12, 2018 6:27 AM

Short on $XRPUSD Short

XRP / DollarBitfinex

Description

I've just entered a short position at 0.443 and targeting 0.28. I will take some profits off the table at 0.32

Trade closed: stop reached

Well that trade got spanked. Notice the reaction off the weekly level at 0.525 Waiting to see if that level holds and offers a trade.

The good news is that BTC took out the weekly swing high which changes the market structure. I still expect a move down below $6000 over the coming weeks. Be prepared.
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