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BitBotly
Aug 21, 2018 9:59 AM

Another day another trade 21 Aug Short

XRP / DollarBitfinex

Description

Hello Friends!
BitBotly with a trade signal here!
We're in a short trade currently (and you can be too!)
  • Entry: 0.33201
  • Stop Loss: 0.34186

As far as targets go, we are going to watch the markets closely the next few hours and close the trade manually when we're in a nice profit.
We will probably close this trade once the price action is at the bottom of the wedge IF IT REACTS to the support. If it breaks down, we're obviously going to stick to this trade until prices plummet to the next support level (which also coincide with the Zig-Zag target)

However, if prices show no signs of weakness as they are crawling towards the end of the wedge, we'll also close our trade since high volatility and a possible breakout may occur at the end of the wedge

You can find our full trading history here

Comment

We have moved our stop loss down to 0.33064

Comment

Moved stop loss again to 0.32763.
Our profit is guaranteed to 4,35 % :)

Trade closed: target reached

+4,35% :D

Comment

This trade looks better and better
Comments
BitBotly
This trade is already profitable, We have moved our stop loss down to 0.33064
BitBotly
Thank god that I closed this trade. Here's some after-analysis about trading psychology
BitBotly
Moved stop loss again to 0.32763.
Our profit is guaranteed to 4,35 % :)
BitBotly
Ripple has been following our line perfectly! I hope this will last to the resistance of the wedge, that's were we pocket our profit :)
BitBotly
We can see a small bear bar currently forming. this is good for us, it means the wedge resistance is affecting the price
BitBotly
Exciting! We're currently hitting the top resistance level (again!) which means Ripple might wanna break out to the top (!)
BitBotly
Make sure you follow this idea so you get our call to exit the trade!
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