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mostly_george

XRPBTC Long : Broadening bottom partial decline Trade

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XRP/Bitcoin (POLONIEX:XRPBTC)  
mostly_george  
POLONIEX:XRPBTC   XRP/Bitcoin
Trend Analysis XRPBTC
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trendanalysis xrpbtc
  • broadening bottom has 5 touches , making it a valid formation
  • partial decline is at a 0.5 or 0.6 level -> signaling a potential top breakout
  • rsi is in the oversold region



There are pretty strong signals to go long. Not sold on the idea yet, will wait for volume increase and a little more confirmation.
Links to theory:
thepatternsite.com/broadb.html
thepatternsite.com/partdecline.html


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