Ripple -is that a Bull Flag in your pocket?
Aktualisiert
Hello Friends!
BitBotly here with a bullish (weird I know) analysis of Ripple.
I have been bearish on the 1 hr time frame, but as I zoomed out, I reali<ed that Ripple is generating a big bull flag.
If this instead is a BTB, we have had three bounces, which could mean more downside. Expect a lot of pressure building up through the triangle, with every bounce there is an equal and opposite reaction from sellers. We can see prices making lower highs and no change in the lows, which is a hallmark of any good Bull flag. Volatility and volume spike is a given. The direction is unclear, it all depends on the break out.
As always, wait for confirmation. I'll update this idea once I enter any trade, so keep on your toes and make sure you follow me so you don't miss the entry.
BitBotly's Full Trading History
BitBotly here with a bullish (weird I know) analysis of Ripple.
I have been bearish on the 1 hr time frame, but as I zoomed out, I reali<ed that Ripple is generating a big bull flag.
If this instead is a BTB, we have had three bounces, which could mean more downside. Expect a lot of pressure building up through the triangle, with every bounce there is an equal and opposite reaction from sellers. We can see prices making lower highs and no change in the lows, which is a hallmark of any good Bull flag. Volatility and volume spike is a given. The direction is unclear, it all depends on the break out.
As always, wait for confirmation. I'll update this idea once I enter any trade, so keep on your toes and make sure you follow me so you don't miss the entry.
BitBotly's Full Trading History
Trade ist aktiv
And we have our entry!Long
Entry price: 0.33018
Stop Loss: 0.317
Good Luck and Happy Trading!
Anmerkung
And we have liftoff! Stop Loss moved to 0.32389 :)Anmerkung
Stop loss moved to 0.333 :)Anmerkung
Stop loss moved to 0.33670, we're in the money :)Anmerkung
Stop loss moved to 0.34220 :)Trade geschlossen: Ziel wurde erreicht
Closed with 10,329% Profit, looking for next entry :)Trade geschlossen: Ziel wurde erreicht
Our profit was 12%, not 10% :)
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