Ripple(XRP)/BTC current chart with Fib-retracement, risk reward and optimal trade entry

in #cryptocurrency4 years ago


So as far as I can tell throughout my research into crypto, Ripple has been a coin of discussion. I have come to the conclusion that you either love it or hate it. I'm not quite sure where I stand with XRP, as I have lost a bit of money with them, but I look at the chart now and see a potential good entry point. Its been floating below the 78% retracement line for about a month now and I mean from past historical data which can be found HERE, long term positional acquisition might not be a bad idea at this point.

Ripple has a Risk vs. Reward of 4.23!!!!!!!! So you stand to gain $4.23 for every $1.0 you lose







Disclaimer:
I am not an financial adviser, I am merely learning the ways and techniques of technical analysis to better understand and read charts, to hopefully give myself and whoever decides to read along a better advantage over the market 😄


LET ME KNOW IF THERE ARE ANY CRYPTOS YOU WANT TO SEE A CHART WITH THIS DATA ON


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Thanks for the explaining, you did a great job!

Anytime. See you guys all again in chat this evening. I missed it all, Ive been away forever it seems like

It was great to have you back!

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Brilliant post, please can i ask how you came out with this calculation?

Ripple has a Risk vs. Reward of 4.23!!!!!!!! So you stand to gain $4.23 for every $1.0 you lose??