XRPBTC Possible corrective ABC wave pattern long trades

Possible corrective ABC wave pattern forming on the H4 XRPBTC any exchange. If this structure holds and plays out then we are looking at 2 possible long trading opportunities. The first is a small trade long off the bottom of the A wave and the second is a larger long trade off the bottom of the C wave where price has a 60% chance of challenging the swing high of .00011. Remember this is crypto so keep your bayonet fixed and ready for hand to hand combat at any moment. Good luck and as always plan your trade and trade your plan! Viva La Crypto!

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Price did correct to the 50% Fibonacci to form the B wave. If you caught it then congrats because it provided a nice 5% trade. Now we are looking for a move down to form the C wave where we will have an opportunity to catch a much bigger trade and limit your downside risk with a small stop and a large profit -to- loss ratio.

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Price has hit our second buy target so it is time to start looking for our big long trade. Caution is warranted at this point though. If you are a trader then you should be looking to set up a nice risk to reward trade where you can limit your downside risk. If you are a long term investor of XRP then I believe this is another excellent zone to buy more because it gives you a lot of room to dollar cost average (DCA) from this area. Best of luck!

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The squeeze is on. The pressure is building for the next rally.