Potential Wedge Breakout - Long XRPBTC

18 jul 2019

Hello there,

The graph above shows you my setup for XRPBTC Long position.
If today's candlestick H close lower than H created on 7th of July, it would confirm the creation of LH. On the 15th of July candlestick managed to develop an HL which was validated on the next day. Therefore, we can trade a wedge formation – HL + LH.

Entry: Put a Stop Buy on yesterday’s H (.00003347|+P)
SL: HL (.00002849|-P)
TP: *

Setup conditions:

• H created today must be under yesterday’s H! therefore wait for a today’s close.
  

Setup invalidation:

• LL will be created

SystemFollower


You can read more about me as well as about abbreviations/acronyms (*) used in this description at the URL below.

19 jul 2019

Operación activa

Stop Buy order on.

Remember new lower low (low below .00002849) will invalidate an idea.

19 jul 2019

Nota

Mentioned URL:

19 jul 2019

Nota

20 jul 2019

Nota

BTC.D looks promising. I will update you with new ideas (same setups for alts) later on.

21 jul 2019

Nota

Yesterday's candle confirmed a new higher low, therefore you should adjust (increase) your position size due to lower risk on the trade.

Entry: same
SL: 0.00002983

If you have any questions about risk management or whatever, do not hesitate to contact me.

25 jul 2019

Nota

Today's candle should confirm a new lower high. The size of your position should increase with lowering risk.
Entry: 0.00003278
SL: 0.00002983

26 jul 2019

Operación activa

Buy Order hit, position open.
Patience is the key element in those setups.

19 ago 2019

Operación cerrada: precio stop alcanzado