XRP/BTC *Chart Pattern Identified* Descending Triangle

couple things

• Fibonacci .618 golden ratio was just hit
  
• Yellow ABCDE is putting in the E wave
  
• Purple Descending Triangle is reaching Apex. needs breakout.
  
• great R:R due to this being at the bottom of the Triangle and on the Fib the confluence helps a lot.
  

I am taking this trade form here.
anything lower and I will add more longs.

SL under red box ( .00008062 )

TP at top of Green box.
1:1 ration from fib extension of wave 1
could go a lot higher assuming this is wave 3 aka the most violent waves.


Good luck everyone
like this post and comment pls.
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تم فتح الصفقة:

Longed here like I said.
We can get a bounce but we MAY not see a lower low on that triangle.
GL

تعليق:

same concept just thought I maybe the triangle could be bigger and eat up more time.

this is what I see now

تم فتح الصفقة:

looking VERY GOOD.

I think we will move up from here but keep SL of course.
Congrats if you laddered in this one or caught anything close to the bottom.
this all depends on BTC and ETH now but I do believe we will be going up to my target.
im long term BULLISH and short term bullish based off my analysis of patterns and EW.

تعليق:

Booyah!