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tradedevil
Sep 19, 2017 3:00 PM

R.I.P ple Short

XRP / TetherBittrex

Description

No it's not dead but it's likely not finished with this correction. Too good a count to not take a run at the short side. I'm a long-term bull on Ripple, if you've wired money lately (like when buying Bitcoin) you've seen the SWIFT protocol in action. Ripple is the Blockchain solution to that relic. It has a high probability of adaptation as more and more banks transition to the blockchain. However, An e-wave trader gotta trade the count before them... this will be a beautiful buy when it finishes the last leg of this C-Wave but until then I'm on the short side. Nice 6-to-1 risk/reward for your target. And note the overlap on the wave-5 projection with the 1.272 app of wave A from wave B and the -23.6 from the wave-4 pivot. Stop is tight just beyond the 61.8. I'm in...
Comments
sea_devil
It seems you're correct. Not sure it will break the support area around 0.125, but never know.
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