ASX1X

XRP Short to 0.48 on Daily timeframe

Short
BINANCE:XRPUSDT   XRP / TetherUS
Nice push up to high 0.50's now it is time for a retest of high 0.40's

Gold Fish strategy is continuing to provide amazing trades in both Long and Shorts.

Win count is now at 37 W - 0 L for 2023

I finished distributing in the mid 50's range and jumped into short at the "trapping" point.

The gold fish strategy is based largely on Wickoff charting "Up-trends, distributions, Down trends, Accumulations.

With this background of Wyckoff charting a large range of Moving averages is applied to find pivots or as I call them "Traps".

A trap is a point where the trend has changed directions and the entry point is now proving support or resistance depending on the direction of choice. Eg. Shorts after distribution and Longs after accumulations.





Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.