XRP/USD (XRP/BTC, XRPM18) - Short Term Bear Flag
Whats up Guys,
Bitcoin dumped yesterday and like ive mentioned before, the alt coin market went with it.
In a much shorter time frame than my previous ripple chart, we're looking at a bear pennant formed (symmetrical triangle). Showing all the signs of a dump, but like we already know, we need confirmations before putting our money where our brains are.
Set an alert for a bar close below the lower support line of that bear pennant. This is a scalp move guys, so tight stop losses and TAKE PROFITS need to be in place - figure out your Risk Reward levels and set them accordingly.
Ten Likes and I will update the chart
Intelligent disagreement welcome
Good Luck - See you on the trading floors
www.bitmex.com/register/2Zkkvg
#Crypto #BTC #cryptocurrency
Twitter @willn12416
-Nix
Bitcoin dumped yesterday and like ive mentioned before, the alt coin market went with it.
In a much shorter time frame than my previous ripple chart, we're looking at a bear pennant formed (symmetrical triangle). Showing all the signs of a dump, but like we already know, we need confirmations before putting our money where our brains are.
Set an alert for a bar close below the lower support line of that bear pennant. This is a scalp move guys, so tight stop losses and TAKE PROFITS need to be in place - figure out your Risk Reward levels and set them accordingly.
Ten Likes and I will update the chart
Intelligent disagreement welcome
Good Luck - See you on the trading floors
www.bitmex.com/register/2Zkkvg
#Crypto #BTC #cryptocurrency
Twitter @willn12416
-Nix
Twitter @WillNixxx