AlexCH
Long

XRP/USD - Potential Long

BITFINEX:XRPUSD   Ripple / U.S. Dollar
Is the correction over?

Who the heck knows? To confidently say the correction is over, we need to wait for lagging indicators which will not catch up in the short term.

I am considering this xrp long position as the 1.618 ext. of the first leg up meets the previous $1 resistance.

I am not in at the moment, I will only enter if my wave 3 and 4 targets are met.
If my wave 3 target hits, I will ladder my order at green box and target around ~$1.

If wave 3&4 are not reached as predicted, there will be no entry for me.

**Message:
you can enter now if you have fomo. For me, there are endless opportunities. I don't mind missing out a few days. I have come to learn that my desire to not experience the psychological turmoil of getting trapped far exceeds my greed to make a few more % gains.
If we don't have targets that are based on logic, we will enter in greed, and exit in pain. This is just system1 (heuristic/intuition) and system2 (deep thought) at work (from Thinking Fast and Slow).


Good luck!
Comment: You can find my previous ripple ideas in the related ideas below.

I would say xrp is one of the coins I feel pretty in sync with. (chart wise)
Order cancelled: Leaning bearish as btc forming shooting star up to 6hour chart as it apporaches EMA50 on 4 hr chart.

The 4 hour candle is closing in 10 minutes, if the bulls does not push the candle to green, I will be shorting.
Trade active:

Shorting with above EMA50 as SL.
I'm heading out now, take care traders.
Trade active: target 85-90 cents

i think it will follow the bounce of btc
Trade closed manually
Comment: Unfortunately, I didn't catch the train, did not see that 2.618 ext coming. Wasn't even looking at xrp charts...

Not opening long since it is my opinion that btc will correct further.
Hi. I arrived late to enter, but I see your analysis was fulfilled. I reach $ 0.92. Based on this fair value, retracement towards $ 0.82, which would be 61.8 Fib of last maximum, to resume, trend towards $ 1.02. If so, I see to remove the hours of sleep today for that entrance.
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Hi, XRP crossed the EMA50 4H. Now XRP has fuel to go towards $ 1?
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AlexCH gusccbb
@gusccbb, if btc hits 9-9.4k then yes.
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gusccbb AlexCH
@AlexCH, Tks
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Thanks Alex. let's see if we fall or just take impulse?
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well, resistance at 0.618 is too big, so only way is down to get more power to break it...
+1 Reply
AlexCH rsatzerro
@rsatzerro, 100% agreed!
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Good post. Total reason. Previously there was a false break in XRP that went from 0.8 to 1.7 in the day and then did not stop falling. That lesson will pay for my inexperience. Thanks for sharing.
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AlexCH gusccbb
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gusccbb AlexCH
@AlexCH, Exactly, for not seeing this post pay the bill. :(
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