XRP Short

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Taking a short here on ripple.

Bitcoin has been establishing support for about 12 hours ago when we longed after the drop.

So currently the price has touched the lower trendline and held support up to now. Also a structure resembling a falling wedge has potentially broken bullish (watch the fakeout). Also Dominance seems to also have established support.

Having said all of that, I'm taking a short on ripple under these circumstances as the downticking histogram, and macd on the 1hr are also pointing towards a drop.

Let's see what I can squeeze out of this.

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تم فتح الصفقة

Bob's Bitmex VIP, [17.07.19 02:33]
[In reply to Bob's Bitmex VIP]
BitMEX
#XRP/U19 Take-Profit target 1
Profit: 9.6199%
Period: 1 Hours 46 Minutes

Stop has been moved to break even. This trade is now risk free.

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تم فتح الصفقة

[Forwarded from Bob's Bitmex VIP]
BitMEX
#XRP/U19 Manual Take-Profit
Profit: 8.0025%
Period: 58 Minutes

Stop moved to breakeven

This trade is now risk free.

Keeping an eye on this flag that is forming. If dominance continutes to decrease then It might break bullish. If dominance bounces not then it may break bearish. Let's see how this plays out. Whichever way it breaks, I will take a trade in that direction.