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Crypto-Engineer
Dec 7, 2020 7:25 PM

XRP keeps breaking tringles down, a bit of more to come  Short

XRP / DollarBitfinex

Description

XRP at least smashed 4 triangles and showed no respect to any symmetrical pattern so far in the wave to like pattern, I guess given the MACD Strategy sell on BTC and XRP, it looks like that xrp will retest USD 0.42 to USD 0.46 which could nicely be in line with BTC USD 17,300 and xrp/btc=2500 satoshi.

Remember, 2500 satoshi has been a critical level for xrp/btc pair and has to be revisited, hopefully before a lift up.

This is not a financial advice, I am just sharing my daily thoughts with you to help you with your decisions.

Thanks

Comment

Great call, wasn't it?
Comments
leonbamberger5
How sure are you of this happening?
Crypto-Engineer
@leonbamberger5 when I put things together, it is fairly a possible case, but it is not definitive 😘, I will short xrp with a narrow stop loss, in case
millersir
I think it makes complete sense to go retest $0.42 - $0.45. Combine that with the fact that I'm in the long position, and I'm never right, there ya go. XRP hits $0.45, I dump, then it surges past previous resistance at $0.80. This is the story of my life.
Crypto-Engineer
@millersir, Who knows, maybe this time, it does break out upward that the story of your life begins to change there :-)
AFdave
@millersir haha man, I know that game. best of luck! at least you're doing the good research!
Velcromatic
@millersir, get in line... it wont pump until i sell MY bags... lol. ugh.
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