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someone514
19. Jan. 2018 20:55

XRP - Short to Sub $1.00 USD Short

XRP / DollarBitfinex

Beschreibung

Short it.
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:

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cmon XRP bulls take my order!

Trade ist aktiv

Trade ist aktiv


The waves. Share your opinions.

Trade ist aktiv



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!

Trade ist aktiv

Initial post valid, we have a position.

Trade ist aktiv


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.

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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

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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

Trade ist aktiv

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)

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This is a link to top analyst Wave-Trader's idea on xrp.
I agree with it 100%

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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!

Trade ist aktiv



Do NOT overshoot targets. Be conservative and undershoot.

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Trade ist aktiv

We are heading to our first buy zone

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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

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Closed my short. 30% profit taken.

Now waiting to open new long positions at target buy zones.

Trade ist aktiv

***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.

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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.

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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:)

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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.

Trade geschlossen: Ziel wurde erreicht

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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.
Kommentare
thomasfar6
no support lines or anything, just calling random number
TiborVrbovsky
Not Possible.
Pupito
@TiborVrbovsky, Many greedy people missed the train and are waiting for 8K BTC an 1$ XRP
NOT GONNA HAPPEN. Big FOMO once we cross 1.7$
someone514
someone514
nixel
Ripple sounds like Iron Maiden now - youtube.com/watch?v=u5UqJWRV55E
userbeauty
thanks!
ilkayozcelik
good advice thanks brother
S252512
"React to the market, don't guess the market." --- Wut?
someone514
@S252512, it just means don't buy at middle price range. Wait for confirmed breakout/re-test bottom.
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