Ripple USD Trading points to consider 2 - Long and Short

8 thg 1, 2018

Still watching.
Trend shown weakness, Bitcoin crash following a rejected breakout caused a flash crash throughout the Crypto sphere (very common).
Hope this will not be a catalyst that will lead to a bearish reversal.

Happy to open a short if the opportunity shows itself,.

13 thg 1, 2018

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Next option for a long position. Wait a clear breakout with a closed candle. Looking for good order books activity and increased volume, otherwise possibility of a fake-out.
Keep stop losses in check,

13 thg 1, 2018

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Thinking forward a little bit and taking a look at other possibilities.
If the price doesn't hold where we are right now and a rejection is played out taking it to the $1.5 mark. A Breakdown from there would signal huge weakness and a big Head and Shoulders formation at play. Volume has died down considerably since the last week of December 2017. Great opportunity for short if that arises.

both XRP/BTC and XRP/USD showing the same chart trend.