We can see same fractal patterns: 1-2-3-4 showing long term declining line. a and b showing Rising Wedge pattern. Letter I showing Resistance which is broken with fakeout move. Letter X showing Maximum target for Rising Wedge pattern
Now look at indicator section, *change scale if you need it: RSI showing rising support, that is going to be broken according to previous fractal structure, right? That is what i expect, and move down to <20 level on daily chart.
MACD showing pretty similar look.
So target for XRPBTC short can be located between 0.00005600 and 0.00004500 levels with daily RSI located at point lower that 20 level. From this 0.00005600 and 0.00004500 levels you can also take a long swing trade but it depends on market conditions on that time.
Trade ist aktiv
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bearish divergence on 4h tf
Add short at each of this levels Split your position size by equal orders in this range in order to get better short-entry
Kommentar
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Just remember how the market works. Going for 40$ marks trades isn’t really a traders strategy. With btc price actions, lot of things move its direction. Just be careful
PeacefulWarrior
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Waited for this candlestick pattern
The Bearish Spinning Top with overbought Stoch RSI