Mapping Fibonacci levels + channel

According due to final adoption by Japanese Bank Consortium - SBI Group i am confident to have some good market reaction on XRP.

cnbc.com/2017/03/01/japanese-banks-plan-to-adopt-blockchain-for-payments.html

cryptocoinsnews.com/blockchain-breakthrough-47-japanese-banks-complete-money-transfer-pilot-using-ripple/

and the original PDF can be found here:
xrpchat.com/topic/3121-sbi-update-presentation-incl-lots-of-ripple/

Please do your own research and Technical Analysis.

Note

so far so good, we are on the train

Note

we just saw a retrace to 460 Sats with a fast rebound back to the 480ies
incredible :)

this is big Accumulation Phase!
As BTC will soon top out maybe touch 1300 USD - don't panic, BTC will be sold off until ETF decision at 13th of March.
Then cards are reshuffled!

Now you are asking, why no decision on the 11th?
Reference that ETF decision won't happen at the 11th March:
news.bitcoin.com/secs-first-bitcoin-etf-deadline-is-actually-march-13-not-march-11/

Everyone is heading for the 11th but then, big surprise - nothing happens - lot's of BTC speculators will give their pants off and sell cause to uncertainity :)

Note

decent volume comes to XRP as uncertain is in BTC land while Antpool changed to mine Bitcoin Unlimited and Ripples Interbanking moves toward commercial use in Japan.

ripple.com/insights/forty-seven-japanese-banks-move-towards-commercial-phase-using-ripple/

cryptocoinsnews.com/antpool-now-mining-bitcoin-unlimited/

Note

just to underline - more good news

cryptocoinsnews.com/google-apple-prefer-ripple-blockchain-tech-over-visa/

awaiting next Fib level @589 Sats to turn into support line within next days - will be the time when rise gets exponential

Note

trade still active

Note

interesting volume growth XRP ripplefox.com/tool/balance

Note

hidden Ripple announcement?

coindesk.com/singapore-central-bank-digital-currency-trial/

Note

BTC pump happened due to NO news

The years-long process to get the Winklevoss bitcoin ETF approved is expected to come to a conclusion today, a move confirmed by an SEC representative when reached at press time. MarketWatch journalist Ryan Vlastelica reported earlier that an SEC representative had similarly confirmed the planned move.

coindesk.com/sec-email-winklevoss-bitcoin-etf/

Note

i am still long awaiting SEC decision and took some XRP at spot market

Note

this trade is MORE THEN EVER valid
after SEC denial

Note

more partnerships for XRP

cryptocoinsnews.com/japan-jumps-aboard-singapores-fintech-train/

will take it's time to get the info to cryptofolks
i am holding onto - with long+shortterm trades

Note

retrace on daily completed with that quick wick to the starting uptrend level

my next target (assumption) is to get a clear sign to break 590
after that, support level is yet unknown as i think this will be playing out a Cup'n Handle with starting point 7. March

reminder: do your own research

Infos which i gathered from xrpchat.com so far: :D

cryptocoinsnews.com/japanese-blockchain-consortium-exceeds-100-members-aims-boost-awareness-banks/

cryptocoinsnews.com/japanese-banks-building-blockchain-platform-money-transfer/

Note

decent BTC sells to 1000 USD

still trade active :)

Note

amazing BTC bear market

some insider news from XRP developers - the new Escrow system in 0.60 release will make ILP (Interledger Protocol) more useful to Banks to trust each other without a 3rd instance
ripple.com/dev-blog/rippled-version-0-60-0/

Note

ALL Fibonaccis targets were hit!

THX followers!

watching BTC's next trend - but i still gonna reload and won't close that Chart :)

Note

just some more news, very interesting for longterm hodlers :)

ripple.com/insights/ripple-selected-to-participate-in-the-bank-of-england-fintech-accelerators-exploration-of-the-use-of-blockchain-for-global-rtgs/

coinwide

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

coinwide