Ripple Falling Wedge (Update) Long

XRP / U.S. dollarBitstamp

Description

⋅ Feb 10, 2018 2:55 AM

Hi!
Here is an update on Ripple trading idea.
Previous idea:

1. Wait for a breakout: reward 70% - risk 20%
2. Enter before a breakout: reward 130% - risk 30%

*This is not a trading signal

Good luck - Abdulla

Comment

⋅ Feb 10, 2018 6:27 AM

Ripple heading to $1.15

Comment

⋅ Feb 10, 2018 6:40 AM

Comment

⋅ Feb 10, 2018 6:41 AM

35% move since the idea was published, congrats!

Comment

⋅ Feb 10, 2018 7:20 AM

$1.15 reached, now we are heading to $1.4

Comment

⋅ Feb 10, 2018 1:21 PM

smart money

Chart Patterns

Comments

Hisham_Ibnu_Ahamed

⋅ Feb 10, 2018 6:00 PM

can somebody update plz..I am really panicking..!

SkyCEO

⋅ Feb 10, 2018 6:03 PM

@Hisham_Ibnu_Ahamed, Why are you panicking? the price will rise again, it's just matter of time!

Hisham_Ibnu_Ahamed

⋅ Feb 10, 2018 6:09 PM

@SkyCEO, right now I am in a total confusion..I took 8000 ripples @ 1.12..Shall I close the trade or hodl it..??

StopLoss123

⋅ Feb 10, 2018 8:16 PM

@Hisham_Ibnu_Ahamed, IMO You should keep it open. It looks like this is the start of an impulse wave. It usually goes to the next support line above the one we at spring boarding off of. That next support line is at the top of the yellow area. So IMO you should close the trade at about $1.50 - $1.75

CaueLacerda

⋅ Feb 11, 2018 5:28 AM

@Hisham_Ibnu_Ahamed,

CaueLacerda

⋅ Feb 11, 2018 5:28 AM

just relax

rateds1

⋅ Feb 10, 2018 9:01 PM

Let’s hope so! Tired of the bears ruining our lives :( lol

henrikn0815

⋅ Feb 10, 2018 2:17 PM

False breakout for 1.15? Is it building up steam now to do an actual breakout?

caa91

⋅ Feb 10, 2018 1:29 PM

What does that "smart money" mean ?

abdullatrader

⋅ Feb 10, 2018 1:31 PM

@caa91, In the case above, traders/institutions etc. who enter the market before a bullish move