Ripple -is that a Bull Flag in your pocket?
Actualizado
Hello Friends!
BitBotly here with a bullish (weird I know) analysis of Ripple.
I have been bearish on the 1 hr time frame, but as I zoomed out, I reali<ed that Ripple is generating a big bull flag.
If this instead is a BTB, we have had three bounces, which could mean more downside. Expect a lot of pressure building up through the triangle, with every bounce there is an equal and opposite reaction from sellers. We can see prices making lower highs and no change in the lows, which is a hallmark of any good Bull flag. Volatility and volume spike is a given. The direction is unclear, it all depends on the break out.
As always, wait for confirmation. I'll update this idea once I enter any trade, so keep on your toes and make sure you follow me so you don't miss the entry.
BitBotly's Full Trading History
BitBotly here with a bullish (weird I know) analysis of Ripple.
I have been bearish on the 1 hr time frame, but as I zoomed out, I reali<ed that Ripple is generating a big bull flag.
If this instead is a BTB, we have had three bounces, which could mean more downside. Expect a lot of pressure building up through the triangle, with every bounce there is an equal and opposite reaction from sellers. We can see prices making lower highs and no change in the lows, which is a hallmark of any good Bull flag. Volatility and volume spike is a given. The direction is unclear, it all depends on the break out.
As always, wait for confirmation. I'll update this idea once I enter any trade, so keep on your toes and make sure you follow me so you don't miss the entry.
BitBotly's Full Trading History
Operación activa
And we have our entry!Long
Entry price: 0.33018
Stop Loss: 0.317
Good Luck and Happy Trading!
Comentarios
And we have liftoff! Stop Loss moved to 0.32389 :)Comentarios
Stop loss moved to 0.333 :)Comentarios
Stop loss moved to 0.33670, we're in the money :)Comentarios
Stop loss moved to 0.34220 :)Operación cerrada: objetivo alcanzado
Closed with 10,329% Profit, looking for next entry :)Operación cerrada: objetivo alcanzado
Our profit was 12%, not 10% :)
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.