After a massy rally, ripple is in consolidation phase now.
So the real question is whether ripple is top yet ?
The answer is :
-if we break and close below 0.4895, then YES ripple is top out already for this rally
-if not, then we will go up much higher again after consolidation. And the signal for it is the close above 0.625
Basing on ripple's past rally characteristics, 80% chance we are not at top yet and more will come.
Goodluck to everyone. This is not financial advise
Plz don't forget to like if you like the post. Thank you
So the real question is whether ripple is top yet ?
The answer is :
-if we break and close below 0.4895, then YES ripple is top out already for this rally
-if not, then we will go up much higher again after consolidation. And the signal for it is the close above 0.625
Basing on ripple's past rally characteristics, 80% chance we are not at top yet and more will come.
Goodluck to everyone. This is not financial advise
Plz don't forget to like if you like the post. Thank you
Note
In addition, ripple 's big rally usually last 2 or more weeksNote
actually, there are more characteristics from ripple's past big rally shows that we still have more to come :)Note
with current market 's condition, I will say that Monday and Tuesday will give us hint whether the market will go up or down for entire week.Note
good area to consider to go long with part of principleTrade active
Open orderNote
I strongly believe the current pullback is to create a bottom wick for weekly candle.Note
the situation will look bad if we don't end up with a wick during closing today's candleNote
54 more minutesTrade closed manually
Note
btc 6500$ should hold. If not, bloodbath will happen everywhereNote
For xrp, we have dipped below moving average. Right now we seem to pause at 0.618 fib. Honestly the situation looks pretty bad. If we can't break above moving average during upcoming bounce, we will continue on going lower. It is something to take note atNote
this is really scary. I hope btc will make a U turn soon. Why ? we are in triangle consolidation but the buy side can't even reach resistances 2 time now. In order to make situation to look better for bull, price shouldn't reach support line before making U turn. If not, thing will start favoring bear and we will have very high chance to break down of equilibrium instead of UP >><<Note
I hope we won't have a cold winter in 2018 T__TNote
According to alt-market cap chart, previous retracement to 0.618 fib. Right now , we also made another 0.618 fib retracement and start recovering. If we can retrace ABOVE 0.618 fib, I will say that we can expect bitcoin and alts to continue on going up Plz check above chart
Note
Oct 1-2nd, big conference of XRP in San Francisco with the attention of previous president Bill Clinton. I hope xrp's price won't make us to feel ashame at Ripple during that time ^__^Note
current daily candle on xrp looks so freaking nice. A bullish candle pattern. Well, we can't feel optimistic yet because btc still hasn't made its move yet but 0.786 fib seems holding nicely so far. Until xrp 's price stays and holds above moving average in 4hr chart, we can feel safe to expect on continuing up.Note
44 minutes more to close daily candle. If we can hold at the current price, it will be a very bullish signalNote
im speechless at xrp. Lol, the xrp 's market makers truly have big funds. They can move the market up and down like nothing . ^___^. This is the message they are giving " HEY Ethereum, we are coming for your 2nd spot this time for REAL, not just a short moment"Note
xrp has now been back to lead the crypto space like last week. So I think we can expect btc will start recovering soon and try to fight again its upper triangle resistance.Trade active
Note
So if we can close above 0.492, then nothing to be worry with this current recover. We might form a bull flag or stay consolidation to go higherNote
but for the real bull to start, we need to close above 200 MA on 30 minute chartNote
what I mean is that " always be prepared for the worst even though we want the coin to go up :) "Note
we are in exactly the same situation as last week. Same consolidation . However, the pattern of last week was more bearish than the current one. If we can hold the MA200, we will go up much higher. The current 1hr doji has made things to look much better. Dip is bought. We still can't conclude too early. Note
potential ascending triangle on bitcoin IF UPTREND line holds. If not, bloodbath everywhereNote
PRAYING …...Note
next week is the start of new month. Bitcoin and altcoins will give us the answer of heading up or down direction for next few months. Pay attention to next week. An important weekNote
if u trade crypto, this upcoming week should be a non-sleeping week. You will see big violatationNote
no red flag so far :)Note
people are hoping xrp to dump on news (conference) tomorrow. I am seeing right now that xrp is following btc's price. So unless btc dumps, xrp won't drop muchNote
bitcoin 's quick dump has lead to xrp's dump and the expected sell on the news of xrp's conference too. If it is really sell-on-news, then it is pretty weak dump. And it looks more like a consolidation . In my opinion, xrp's price is still following btc's price now. The positive thing is that we still hold strongly at the MA200 on 1hr which indicates bull territory if you look at the entire rally . However, we can't ignore the bear for further drop. IF we can't go above 12 EMA on 1hr , chance to drop lower will be high.
Right now price is moving between 200MA and 12EMA in tight range, so we should get the answer within next few hours.
what should we do? - drop below 200MA then bear.
- 200MA then neutral bull
- go above 12EMA again then bull starts
Trade closed manually
closing for Luck :))Note
monitoring xrp's price closely. we MIGHT be in a bear flag like last time. However, this time is more bullish than last time because we have buv div on MACD . Last time we didnt' have any div during dropping. Overall, if price can't go above EMA 12/26, chance for dropping lower is still there. And IF price drops BELOW MA 100, then we will drop much further and we will revisit 0.44$. So pray for price to go above EMA 12/26 if you are bull or hold above MA100 >><<Note
btc is officially commodity. All I see is moon for bitcoin in Q4Note
I know we are all getting nervous from yesterday's dump and saw a lot of tradingview users to start posting short trades :). If you follow people a long time, you will realize that people constantly change their opinions. So it is better to use other opinions as reference only and stick to your own decision. Thing is getting better , guys :)Note
xrp has been back to be the top 1 coin recovering the most among top coins. So if btc breaks up out of triangle, xrp will give more gain. This is the answer to dr34man :)Note
up to this point. I think everyone has already known that which side I am leaning on. all I see is bull rallies for alts in October and November.
Note
more like accumulation and be ready to explode. Rumor says that Bakk will get approved by regulators to have bitcoin future next week. And Bakk will launch on Dec 12nd.
Next week will be also the start of new month candle.
So what ?
obvious path = pump on November
the current WIN/LOSS ratio favors the bull a lot.
Note
you may have noticed that I have been whining a lot about XRP. YES, because XRP has lost the alt leader position. Few weeks ago, it usually pumped first and big profit gain. Right now it is LTC and DASHT_________T
Note
if you observe carefully, right now xrp/usd 's movement is very similar to BCH/usd's movement but in a smaller scale. xrp moves 1%, bch moves x4 timesDisclaimer
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.
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.