Weekend Hold -- XRPBTC Long Til 0.000074
I had been generally successful scraping some shorts in the last days, last night's bottom appeared to me like a capitulation low. So I'm long from .0000705 with target of 0.000074. I will re-evaluate at that level.
On the 30min chart, 200SMA will act as support if uptrend here.
However, crypto as a whole is definitely not bullish yet. Stocks will open on monday and likely be red. I'm looking to exit this trade and re-assess Sunday night when Asian and European markets open.
If bounce in equities Sunday night, crypto will hold and will feel more comfortable holding this position into the week.
On the 30min chart, 200SMA will act as support if uptrend here.
However, crypto as a whole is definitely not bullish yet. Stocks will open on monday and likely be red. I'm looking to exit this trade and re-assess Sunday night when Asian and European markets open.
If bounce in equities Sunday night, crypto will hold and will feel more comfortable holding this position into the week.
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