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icexch
22 de Dez de 2017 09:45

XRPBTC. Or how to make money on two moves at once.  Viés de alta

XRP / BitcoinBittrex

Descrição

Yesterday we wrote about a new wave of growth of XRPUSD. The confirmation was received at the closing of the day.

We also wrote about the correction of Bitcoin:

We can observe the visual confirmation on that, looking at the BTC charts :)

So we have two trends within a week-two horizon at a minimum: The growth of XRPUSD and the decline of BTCUSD
Both these trends are perfectly expressed in the growth of the pair XRPBTC (see the graph)

What do we see on this graph? The end of the 6-month falling trend and rapid growth.
Growth, already justified by correction and renewed after it. A textbook illustration on technical analysis.
As a foreseeable goal, looking at the same textbooks, we get 0.0001200-0.0001400

Recommendation: BUY.

Comentário

0.00012
Comentários
Flyby
Do you see 0.0001200-0.0001400 as a conservative target?
icexch
@Flyby, no, this is our expective target. Conservative target is about 0.0001
Flyby
@icexch, thank you for clarifying.
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