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DysfunctionalBelief
21. Mai 2017 21:21

XRPBTC - Update Long

XRP / BitcoinPoloniex

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XRPBTC Update.

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XRP is currently in a descending FIB channel, trying to make its way out. I have a good feeling about this so i went ahead and tripled my position.

If i am wrong and it goes south next support level is @ FIB 38.2% around 14500-14800.

If it goes north then resistance @ 24300 and once we break it next resistance @ 34800.

Fortune Favors The Bold.

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The war between the bears and the bulls on the 16000 front line is brutal !

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HOLD. HOLD. HOLD !

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We are finally out of the channel, might take some time to recover though.

Trade ist aktiv

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Elliot ?
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DysfunctionalBelief

Elliot ?
broohaha9
thanks very much. would you mind explaining what is charted in your update graphic? do you anticipate the breakout to oaccur in about 16 hours? can you explain why?
DysfunctionalBelief
@broohaha9, its the triangle between the 1600 support level (red line) and the descending green resistance line.

If the support line holds, then we should see an upward movement, this is not confirmed yet.
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