Is XRP/BTC setting itself up for another move up? Well, we have to see about that but with all the rumors and hype around Ripple possibly being the next coin to be added to Coinbase, it could certainly make another move again soon.
So if XRP/BTC manage to break out the flag, preferably with increasing , then we could see Ripple make another run.
Trade instructions if you want to trade XRP/BTC:
Wait till XRP/BTC is close(r) to its Apex. Enter when it breaks out of the flag on the upside, preferably with increasing .
Keep in mind that you can take profits at any time when you feel comfortable with or want to secure your profits. You don't have to wait for a target to be reached in order to sell.
And you can always sell a portion and let the rest ride longer. This will give you peace of mind and more patience to stay in the trade and adjust your stop accordingly.
Use the 12 and 26 ema's to trail your stop loss when you're in the trade. When the price falls below the 26 , then you can stop out of the trade.
Please leave a comment if you have any questions.
And good luck trading!