bartducheyne

Looks like Pennant, brakeout part 2 incomming? (Ripple, xrp)

BITFINEX:XRPUSD   XRP / U.S. Dollar
To me this looks like a textbook version of a pennant and XRP is getting ready for a new break out.
Japanese banks are using Ripple, I'm actually surprised it didn't rocket yet.
https://twitter.com/Ripple

Or am I missing something?
Good find mate can definitely see this one breaking out. I would consider a strangle (Buying and selling) and closing your losing trade to run your profits on the other. This strategy works well when trading Options on their reporting days and I can see this working with Ripple as it is pretty sideways in nature
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You were spot on :)
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bartducheyne RadboneFX
@RadboneFX, thanks yes, but was didn't take full advantage due to the small dip before taking off and the big delay before it did.
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