Found Giant descending triangle on the daily chart!Bullish sign!

Few days ago I posted Xrp Breakout idea . My last Xrp idea did not work the way I planned it. However I still managed to scoop %4 profit out of it. Still not bad.I am taking risk to post this in bear market like this. I don't just post what the general trend points out (this is going down etc. bla bla). Again we are just at @0.3 level on bitfinex and slight less on binance right now @0.298. As you can see If this descending triangle pattern plays along(I did not see anyone else post this large triangle before on tradingview ), It is aiming @0.7. Therefore entry at this level could be rewarding. We could slightly go down but looks like breakout towards upside is very much likely at this point. Rewards risk ratio is very much favor for bulls. This is medium risk trade with a possible large reward. I did open a large position at @0.2997. And my stop loss is much lower than entry price. As long as Btc stays stable and no free falls, I will stay in this trade. But as you know Btc can go either way. This is just and idea based on previous motives. When Xrp breaks out towards upside region, It happens pretty explosive and energetic. If you are skeptical about this idea best to wait till 0.40 range just to be sure but that is not my style. I love catching double edged sword for maximum profit.

ps. This is just an idea.If you don't agree with this idea , that's fine with me but be respectful with your comments . I am correct most of the time but not all the time.

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Just noticed Mt first target box placed slightly above than what I intended. 0.40-0.48 is the actual range that I meant to place for that box.

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Posted in the wrong location :) We are approaching the bottom of the triangle and volume is significantly going up. Very good sign already. If volume spikes,this can create instant fomo.

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Still going according to the plan. We are still not at the bottom of the triangle yet. Are you guys scared already :) If we bounce over 0.28 range that is amazing If not rip! BItcoin is not helping at all but tomorrow is different day all together.

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my stop loss is just under .289 .If it goes under that level I am out with minimal losses.

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opps wrong place again. We are still on target. Moment of truth approaching. We could bounce either way but If we do happen to go upwards,I expect a good bounce to 0.40 level :) We need grandpas(aka BTC) push a bit .. Knowing that massive profits will also help grandpa after all ;) Regardless of what anybody says , Grand pa is still too strong and also ready to go up along with xrp :) I am getting excited. It is worth the wait I hope.

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XRp is exceptionally doing well gaining value against BTC . Considering that BTc did pick a direction yet XRp pointing slowly upwards,slowly decoupling from BTC. It feels like somebody is preparing something we been talking about for a while:) If Btc gets back on track XRp might put a good show. Still we are not out of woods but I feel more confident now.

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Yes and yes. We are doing great. Right conditions established. WE ARE READY for rally towards 0.40... any time now. I told you Grandpa still alive ;) The more experience you get the more you can see things easily without being manipulated by news.

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We can obviously see clear breakout now. Now people started to write about we are getting into bull market xrp going up over .40 bla bla. What makes great Ta stand up is to be able write freely without being scared of losing followers and without being influenced by manipulative Pupets.BRight Now Xrp/ Btc channel being corrected for mega jump. As it always does before the big jump. If I were you I would hold my Xrp instead of taking quick profit. This rise was nothing compare to whats coming. Don't forget Other Ta with less knowledge will use all the method to make you believe. Lately new trend called confluence detector. Worse tool ever If you hear or see anybody using that just ignore them all together.

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I been looking at some other Xrp post on trading view. People are so delusional still asking people to short Xrp . No reasoning given and no explanation at all. Flat embarrassing. There is no limit for stupidity but we do need them regardless. Somebody needs to lose money so we can make some right :) We are close. Stay put :)

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Well now things got a bit awkward. One large order executed on Binance. They decided to sell few million xrp at the market price at once. Even whole screen went blank momentarily. By the time people noticed large red line forming they freaked out sold it at the very bottom again. This could go two ways. On daily chart we are down to 45rsi and daily chart and on 4hr chart we are down to 50. This numbers spells does not spell immediate danger. We are still in the middle of the Bollinger bands and slightly over 50MA for 4 hours chart. This is not the problem part. XRp/BTc channel being hit by some people on purpose it seems.It is at 33 rsi(oversold)for 4 hours chart. Frankly this could trigger one super rally with the help of btc or we could go down even further into oversold levels. Since my entry is near the bottom I can wait to see whats going to happen. I think some people sold their xrp by thinking BTC going to make bart move. That is always a possibility but very very unlikely at this point.As long as people committed to xrp and be patient we should see growth towards 0.40. However If we go under 0.305 (bitfinex) , we are getting into danger zone. Until then I will stick with Xrp entry.Please stay away from manipulative news. it wont help you. I still see bull market being build from ashes.

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Tried to type with cellphone sorry for spelling mistakes.

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Xrp/BTc chart needs to be watched al the time.

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Since my position is quite large, I decided to stay in this trade and not to make things worse . People are just way too over reacting for bitcoins small drop. I believe this is temporarily. I don't mind if we go back to 0.28. I know where we coming back in a hurry soon.This is just an illusion. If you are not sure about it, you can exit while we are still in profit zone.

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I am truly glad that I did not close my position. Two days ago this chart was screaming of bear flag however my intuition was saying otherwise. Now we are screaming of bull flag and also agrees with my intuition. We have some serious strength and If Btc happens to play along till we reach the top speed we are more than fine. As soon as volume spikes good thing may happen to those who waits patiently :) Just saying ...

Trade closed manually:

Due to Btc weak stance and some manipulation at temps, Xrp can not rally as of now. I am holding xrp almost 10 days now. at this point best to wait on the sidelines. Closed my positions at 7% profit. Until situation improves I am out. No need to risk my gain.