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MaxHodler
Oct 11, 2018 2:27 PM

Pullback on XRP Short

XRP / DollarBitfinex

Description

Short Double Top then Pullback on XRP

Trade closed manually

After a successful first run from 1 to 7 October, betting on a double top and the need to correct an astonishing climb from 18 to 21 September,

I had to close without profit my short launched on October 09 on the pullback, because the unexpected drop in the price of the Tether (-20%) led to an equally sudden buying movement on Bitcoin, reverberating to all cryptos, including of course XRP (Oct. 15), disabling my second short-term target.

This is a good example of how difficult it is to be able to apply chartism directly to the price of a dollar-paired Altcoin that can be swept away by King Bitcoin's escapades at any moment! ;)

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Comments
Salmin
What would l do to you if you were wrong???
MaxHodler
@Salmin, do you want to talk about it ? :)

Salmin
@Cryptor07, l do. What lm now seeing is a fall down.... Which is not good...
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