Ripple(XRP)/BTC current chart with Fib-retracement, risk reward and optimal trade entry
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 😄
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!
@diggerdugg got you a $1.82 @minnowbooster upgoat, nice! (Image: pixabay.com)
Want a boost? Click here to read more!
Congratulations @diggerdugg! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPBrilliant 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??