Whats up Guys,
Chart is pretty straight forward here and a lot is explained on the chart -
Im trading on BitMex - so my numbers are using the XRPM18 Values (higher than straight xrp/btc) so you may have to adjust depending on your platfrom and pair:
Entry - 9625 (Green Line on the Chart)
Stop Loss - 9060 (Red Line on the Chart)
Targets 1 through 5 listed on the chart
Remember - Ripple depends very much on the status of bitcoin - IMO trading pairs against bitcoin depends on some 'stability' (dare i even use that word) with bitcoin itself.
I try to take my profits a hair below the Fib Targets on a long position. A LOT of people are looking at the same chart, and Greed is one of the seven deadly sins for a reason.
Like Forex, position sizing is JUST AS IMPORTANT - I'm seeing a descent Risk Reward Profile here with 1:1.8 on the low end. Meaning for every 3 bets I make I will Lose 1 - (Bet a dollar win a dollar, bet a dollar win a dollar, bet a dollar lose my dollar) - If you're a poker player, Positive Expectation is the KEY. . .
Good Luck. See you on the trading floor.
www.bitmex.com/register/2Zkkvg
Chart is pretty straight forward here and a lot is explained on the chart -
Im trading on BitMex - so my numbers are using the XRPM18 Values (higher than straight xrp/btc) so you may have to adjust depending on your platfrom and pair:
Entry - 9625 (Green Line on the Chart)
Stop Loss - 9060 (Red Line on the Chart)
Targets 1 through 5 listed on the chart
Remember - Ripple depends very much on the status of bitcoin - IMO trading pairs against bitcoin depends on some 'stability' (dare i even use that word) with bitcoin itself.
I try to take my profits a hair below the Fib Targets on a long position. A LOT of people are looking at the same chart, and Greed is one of the seven deadly sins for a reason.
Like Forex, position sizing is JUST AS IMPORTANT - I'm seeing a descent Risk Reward Profile here with 1:1.8 on the low end. Meaning for every 3 bets I make I will Lose 1 - (Bet a dollar win a dollar, bet a dollar win a dollar, bet a dollar lose my dollar) - If you're a poker player, Positive Expectation is the KEY. . .
Good Luck. See you on the trading floor.
www.bitmex.com/register/2Zkkvg
ความคิดเห็น:
I'll Update this chart if I get Ten Likes
ความคิดเห็น:
Potential Double Bottom? -The Breakout is coming soon?
I recommend buying LONG with a stop Loss as listed above - More upside than down IMO.
Good Luck.
I recommend buying LONG with a stop Loss as listed above - More upside than down IMO.
Good Luck.
ออเดอร์ถูกยกเลิก:
Bitcoin taking a dive - entire market going with it for the moment -
This chart is cancelled.
This chart is cancelled.