XRP / Bitcoin
Long
Updated

XRP/BTC falling wedge long opportunity.

317
As my previous post says. BTC is looking to move down due to bearish divergence, we were hit with the bull trap. Now we just wait for the drop to occur.

However, XRP has strong support at 0.33-0.34 cents. If BTC drops, the satoshi level for XRP should be moving up to keep the support at 33 cents.

However, one does not trade a pattern until a breakout does occur. Waiting to see whether we break upwards or downwards from the falling wedge.
Note
snapshot breakout.
Note
snapshot here is the daily chart for futher confirmation. Once it closes outside of the wedge. We should see further upwards movement.
Note
snapshot Yup

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