XRPBTC: TWO ROUTES
Two plans:
1) If we break the 0.236 fib level and the descending trend line, we should touch the 0.382 fib level. Buy on clean break on the descending trend line with volume around 11000 with a PT around 12500/14700.
2) If we break down from the local ascending trend line with large sell volume (or if BTC breaks down), I'm looking to short anywhere between 8500 now and 10300 in the coming days, with a PT around 7750/7500.
This is very dependent on BTC's route. I would not jump in until we have a clean break in a particular direction.
1) If we break the 0.236 fib level and the descending trend line, we should touch the 0.382 fib level. Buy on clean break on the descending trend line with volume around 11000 with a PT around 12500/14700.
2) If we break down from the local ascending trend line with large sell volume (or if BTC breaks down), I'm looking to short anywhere between 8500 now and 10300 in the coming days, with a PT around 7750/7500.
This is very dependent on BTC's route. I would not jump in until we have a clean break in a particular direction.
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