botje11

XRP Ripple Looking bad with this Big Bear Flag, Part 3

BITFINEX:XRPUSD   Ripple / U.S. Dollar
XRP' is still following the path of this bear flag . It has found some support around the 0.345, similar to the 3800 of Bitcoin'. If these break we can see another wave down. I have added this decending trend line from the highs, showing a possible triangle. If that breaks on the upside, we could see a move towards the 0.365 or even 0.375. If we get above the last one, the big bear flag might even be invalidated. Volume is still low, so there is no dumping yet. If support breaks and we start to higher volume dumping, we could see a big drop happening.


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Previous analysis:

Comment: Always check my bitcoin analysis to be more up to date, I post much more update on the market there
Comment: The panic dumping has started but i don't see any panic volume yet. So this could just simply continue to drop. I would recommend though, to take some profit here if you have shorted it from the highs. Bears are in full control, but a squeeze could happen at any given moment

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should i go long? for short term?
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botje11 edonymeri6
@edonymeri6, I don't do long term, i believe everyone who has been listening to people here for the long term, have been loosing mostly. I just try to catch waves up and down
+1 Reply
edonymeri6 botje11
@botje11, yes but question is short- term bro :)
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As always this guy is pro
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botje11 DennisKorol
@DennisKorol, Thank you :)
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nice work..
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botje11 Billa1977
@Billa1977, Thanks :)
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XRP will be going down again as BTCUSD does
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Thanks botje11 for your hard work!!
+2 Reply
botje11 Gerrit2500
@Gerrit2500, your welcome :)
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