XXRP/BTC Is Showing a Possible Breakout 200% + ROI
Updated
Hello, Trading View,
We are beggining to see a possible breakout on XRP/BTC form. The odds are it will go bear, although with the limited chart data that we have. We are getting allot of mixed signals at this point.
If we did see a breakout it would be within a few days. If it does pass the red line and continues in an uptrend. We can expact to see a full trend reversal upon breaking the next resistance line. Indicating it to be a good time for the bulls to win all the way up to the top of the cup and handle formation. I'll be updating this post as we move closer to the breakout date.
In my opinion, you should wait until the breakout starts. Unless you are feeling up for a gamble. This is where I usually say, that it is best to practice risk management as much as possible. So in my opinion you should wait until after the breakout starts.
If the Bulls Win:
Buy in: .001
Stoploss: 0.00008
If the Bears Win:
Buy-in Zone: 0.000072844
*Target: 0.000055927
Stoploss: 0.000093146
We are beggining to see a possible breakout on XRP/BTC form. The odds are it will go bear, although with the limited chart data that we have. We are getting allot of mixed signals at this point.
If we did see a breakout it would be within a few days. If it does pass the red line and continues in an uptrend. We can expact to see a full trend reversal upon breaking the next resistance line. Indicating it to be a good time for the bulls to win all the way up to the top of the cup and handle formation. I'll be updating this post as we move closer to the breakout date.
In my opinion, you should wait until the breakout starts. Unless you are feeling up for a gamble. This is where I usually say, that it is best to practice risk management as much as possible. So in my opinion you should wait until after the breakout starts.
If the Bulls Win:
Buy in: .001
- Target 1: 0.000102451
- Target 2: 0.000125290
- Target 3: 0.000149821
- arget 4: 0.000173506
Stoploss: 0.00008
If the Bears Win:
Buy-in Zone: 0.000072844
*Target: 0.000055927
Stoploss: 0.000093146
Note
Okay, it's starting to look like the bulls are winning today. If it closes out tomorrow in favour of the bulls. In my opinion it might be a good time to buy in with a smaller amount. Because we have no way of being certain just how high it will go. We can guestimate it will be as high as half the previous morning star. So that's your call on if you want to play it a little more risky on this one.
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