AlexCH
Long

XRP Long Update - Wave Counts

BITFINEX:XRPUSD   Ripple / U.S. Dollar
- We have finished wave (1)' and (2)'
- Wave (2)' was a ABC correction that retraced to .382 fib. I expect a larger correction for wave (4)'
- This means I will be selling my position at the end of wave (3)'
- We are in wave (3)'
- Wave (3)' has 5 subwaves. The targets for wave (3)' and its subwaves are labelled by the green boxes.

- Entry is red box.
- Once we hit wave (3)' target (assuming if we do). We can start to look for wave (4)' target for rebuys by that time.

Time of high volatility , take care.

Trade active:

ABCDE triangle correction forming.
I am in at the moment.
If the triangle breaks down and we go to the initial red box (fib level). I will buy more to lower base price.
Trade active:
Comment:
Trade active:
Comment:

wave recount.
Previous targets still valid.
Trade active:

***THIS IS AN IMPORTANT UPDATE***
I was wrong about wave (3)' target.
Abandon the old (3)' target, go straight to wave (5)' target.

I did not successfully short wave (4)' .
I will post a trading journal later this week specifically analyzing this trade. Focusing on what I did correctly/incorrectly.
Comment: we might still hit .618 buy zone. I am heading out, will not be updating anytime soon.
Comment: Before i leave. Please set tight stoploss as the price goes up.
If it goes to 1.6, you can set stoploss at 1.58
If it goes to 1.7, you can set stoploss at 1.68
etc etc.

Bitcoin is STILL NOT IN THE CLEAR! Though currently bullish.
Be safe. Don't be sorry.
Trade closed manually: close positions
Comment: We are going down.
Open short positions/buy level $.90
Comment: I will post an update soon
Trade active: https://steemit.com/cryptocurrency/@alex-liu/xrp-analysis-short-to-usd-90-usd-50

I made my first video! Mic is crap, sorry about that, will be fixed soon!
Comment:

take care
Trade active:

People still holding xrp, take care.
Same for btc.
I am holding short positions/usdt only.
Comment:

This is a low time frame chart.
We are having lower highs & lower lows.

I am bearish.
Comment:
Comment:

Lower time frame. How we breakout from this triangle/wedge has strong implication of price movement in the upcoming days.
Comment:

Heading out, will be back later today.
Comment:

i expect a drop
Comment:

For me to keep the record/my own entertainment. You can ignore this update.
These predictions are rarely perfect.
It is Friday. Market makers do not trade on weekends. Everybody need some break. When volume is low it is better to stay away.
+1 Reply
It looks like the (C) is at 1.46... is the target no longer .80- 1.00? Thanks for your updates! Super reliable!
+1 Reply
AlexCH userbeauty
@userbeauty, this is just the lower time frame. If you don't day trade, don't follow my low time frame updates. You will get squeezed hard. Lower targets are still valid (my youtube vid)
Reply
@AlexCH, Ah oke!
Reply
userbeauty userbeauty
@userbeauty, So buy now around C and sell higher and follow wave down...
Reply
AlexCH userbeauty
@userbeauty, i will not be guiding this lower time frame trade. Take care yourself
Reply
@AlexCH, Fair enough ;)
Reply
A drop, ok thanks, a chance to buy....
Reply
have a nice day sir do you have new update best regads
Reply
AlexCH ilkayozcelik
@ilkayozcelik, Nothing special, I am still berish
Reply
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