Short it.
Details on my xrp trading journal can be found in the related ideas.
Details on my xrp trading journal can be found in the related ideas.
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Hopefully we reach our buy zone. Bounced from .382
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Close short positions at previous low.
If you are looking for new buy levels, you can check out my post:
If you are looking for new buy levels, you can check out my post:
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cmon XRP bulls take my order!
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The waves. Share your opinions.
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Short term trade:
- Buy level are blue boxes, open for long as we expect upward correction in downward trend.
- Close our long positions at green boxes. I wouldn't go for .786 because it is too risky. If it hits I will open leverage short.
- After that, assuming things go to plan, we go down with previous targets remaining valid.
*I might be updating more short term targets.
*Trade at your own risk. Before reading this update please read the previous update "The waves. Share your opinions." So you know what wave we are currently in.
Short term trade:
- Buy level are blue boxes, open for long as we expect upward correction in downward trend.
- Close our long positions at green boxes. I wouldn't go for .786 because it is too risky. If it hits I will open leverage short.
- After that, assuming things go to plan, we go down with previous targets remaining valid.
*I might be updating more short term targets.
*Trade at your own risk. Before reading this update please read the previous update "The waves. Share your opinions." So you know what wave we are currently in.
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^HA! As soon as I posted the wave got invalidated! Previous update invalid!
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Initial post valid, we have a position.
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Those who filled our sell orders clearly don't even know what trend we are in.
They are screwed. For the moment at least.
Of course, there may be a miracle rally on this candle stick. unlikely though.
They are screwed. For the moment at least.
Of course, there may be a miracle rally on this candle stick. unlikely though.
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This is another way of drawing I mentioned in my video.
It depends on where you put your wave one (or A).
Again, like I said, this will be valid if we pass 1.7
This is another way of drawing I mentioned in my video.
It depends on where you put your wave one (or A).
Again, like I said, this will be valid if we pass 1.7
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A bullish view.
Market is moving sideways, wait and see.
A bullish view.
Market is moving sideways, wait and see.
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Closed our short, wait and see if we break 1.7
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Medium term I am still bearish.
Short term I may open long position at $1.40 with 1.6-1.7 targets in mind
Short term I may open long position at $1.40 with 1.6-1.7 targets in mind
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The initial idea is valid for now.
If in the case we break 1.7, this is our target.
(Based on 1:1 measured move)
If in the case we break 1.7, this is our target.
(Based on 1:1 measured move)
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Even I lowered the base price of my short (from 1.6 to 1.55), we are still in great profits from the short!
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Do NOT overshoot targets. Be conservative and undershoot.
Do NOT overshoot targets. Be conservative and undershoot.
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We are heading to our first buy zone
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Udate (1/2): (Magenta is EMA50)
Udate (1/2): (Magenta is EMA50)
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Top analysist TomHall's Educational Post on Using EMA50 to Generate Trade Signals:
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Another drop -
Those who wish to follow me, I welcome with my hands - Ghetto Gospel
Those who wish to follow me, I welcome with my hands - Ghetto Gospel
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Closed my short. 30% profit taken.
Now waiting to open new long positions at target buy zones.
Now waiting to open new long positions at target buy zones.
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***FIRST BUY ZONE REACHED*** (15% POSITION BUILT)
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I expect to reach second buy zone fairly soon!
Lay your orders as we test the previous low.
Lay your orders as we test the previous low.
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$1.35 short again
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stoploss for the previous update is $1.37, close as you desire
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Closed at $1.31, nice scalp. Wait and react now.
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update.
React to the market, don't guess the market.
React to the market, don't guess the market.
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I am not actively scalping xrp at the moment. My only position on xrp is the 15% i bought at 1.15 (first buy zone).
Wait it out. No need to message me. I will be updating.
There are other coins with more predictable price action at the moment. Good luck friends:)
Wait it out. No need to message me. I will be updating.
There are other coins with more predictable price action at the moment. Good luck friends:)
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I just realized my screen recorder wasn't on... i will do it again
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can't seem to make the recorder work, I just made another post on TV, hope that helps.
Сделка закрыта: достигнута тейк-профит цена
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I find bear markets are a lot easier to day trade. I think people always panic faster than they rally.
This correction period is going to last a while, if you don't know how to short- LEARN IT.
It's like saying you know how to turn right but not left, or you can only climb downstairs but not upstairs. You're missing half the profitability.
Just think how much profit you would have missed out if you didn't know how to open long positions during our last bull run in december? You're missing out if you don't short in a bear market!
Find an exchange that offers margin shorts, or else you'll have a very bad time playing.
This correction period is going to last a while, if you don't know how to short- LEARN IT.
It's like saying you know how to turn right but not left, or you can only climb downstairs but not upstairs. You're missing half the profitability.
Just think how much profit you would have missed out if you didn't know how to open long positions during our last bull run in december? You're missing out if you don't short in a bear market!
Find an exchange that offers margin shorts, or else you'll have a very bad time playing.
