Realistic Ripple Price Prediction, are we done dumping?Many of us heard about shiny bright coin Ripple, this coin made some people rich, but the majority became holders.
After Ripple reached it's high's on January 2018, at 3 USD per coin roughly.... the downtrend began. It's was a pretty steep downside move, with many bumps along the road.
Happiness and pain accompanied this coin on its way, dreams and reality faced each other. Those years were pretty rough for all crypto community, it touched everyone.
Many of us learned lessons of the lifetime, I pray we'll never be facing them ever again. But life goes and brings us new opportunities, new setups, and new lesson to learn.
Ripple was going it's own steady road all the way down to 0,12 $ per coin, and maybe if we are lucky enough, and the vast majority of sellers paused their appetite of unstoppable dumping
(the biggest seller as we know is Ripple company itself).
We could take a deep breath and observe that wonderful altcoin through the prism of Gann box.
We are not going to discuss how high this coin would go, we will just set up checkpoints on its glorious path, through solid TA facts, as I would like to be realistic about Ripple price prediction... not just to throw 10 USD dreams...
If ripple found it's ground in 0,12 $ USD price per coin, then we could state that lower then this it should not go, to align with current TA.
Ripple managed to enter a bullish phase with a pretty wide range area estimated 0,12 - 0,23 USD. For now, Ripple holding nicely Gann Fibonacci 0,618 support (logarithmic chart).
Actually that support will slowly and steady lead ripple to following prices 0,24 USD / 0,3 USD / 0,5 USD. Losing this support and we will witness the retest of the bottom of Gann box ( 0,12 USD).
Dropping below 0,12 USD is ain't good for Ripple, and i won't dare to touch it after that!
For now I like the picture Ripple shows us. Estimated time to reach the prices mentioned are :
0,24 - 0,3 USD / till 9 october 2020;
0,3 USD / till 1 january 2021;
0,5 USD/ till 12 feburary/ 21 June 2021;
This is a conservative approach. Keeping things Real guys, if it goes above those target's that's great, but those are the target's I would keep a close eye on!
So let this idea be a LONG call, with careful buy entries, doubling down till 0,12 USD from current prices. Slowly, without harm, without FOMO. Midterm-longterm investing.
2021
BTC projection for 2021February and March 2021 will be historic for BTC, on this date there will be a break from the historic top towards 30,000 USD.
Analysis done on 05/23/2020.
Fevereiro e Março de 2021 será histórico para o BTC, haverá nesta data o rompimento do topo histórico rumo a 30.000 USD.
Analise feita em 23/05/2020.
Old Idea #1 Two-Year Forecast for Bitcoin 2021/22I took the retracement from $200 to the old ATH, and found two Fibonacci levels that predicted our current ATH and bottom. All levels are scaled for log chart.
1.382 extension matches with today's bottom.
2.382 extension matches with today's ATH.
If we have a full retracement to $20k by the end of 2020, then the 1.382 extension predicts the first sell-off peak at $40k, and the 2.382 extension predicts $200,000 blow-off top by 2022, depending on how far and fast that greed and hype can really take us. Again, my Fibonacci levels are scaled for log charts.
As I watch the market struggle to stay above $6k today, I do expect things to get better with time. Coronavirus and global market sell-offs be damned.
Scenarios for Bitcoin in the rest of 2020 (1W)There are 2 main scenarios I see come to reality with Bitcoin.
Looking at the past these are very realistic scenarios backed by facts.
Note that my analysis is straight forward backed by this chart and neither bullish or bearish.
However I added Long to this analysis because at typing of writing I reopened 2 long positions in DOLLAR & EURO: 7970 USD & 8030 EUR.
If Bitcoin gets rejected at €9K on the weekly this could very well start a new trend on daily timeframe.
A downtrend towards a small demand zone of €7,3K - €6,8K which it will very likely will break.
The main demand zone which has competition with bulls is €6,8K - €6K.
If the demand zone gets a breakout back down, €5K is almost surely the end of this trend of reversal.
200EMA will be around that point in time on weekly and as shown in the past even with COVID19 shows a strong support level.
€5K was the main support level of 2018 where price bounced several times and acted as huge support.
In my analysis I see a low chance Bitcoin will hit any lower than €5K and thus bottom is reached.
If a new uptrend emerges starting off 200EMA on weekly you can expect a very volatile uptrend and will quickly recover towards €5,9K - €6,8K zone.
Next up is strong pressure from bears of upper side of bearish triangle, bears might push price back down at €8K level depending where we are at the time.
Anyhow this will be the 5th retest of this resistance level and thus a very important retest. If this gets rejected this wouldn't be very bullish.
If Bitcoin breaks triangle to upside, a new uptrend commences.
The triangle is a big formation where bulls and bears where fighting. I don't see price being pushed down after breaking out of this triangle.
A retest should be traded as this could be the last stop to hitting the last somewhat zone of supply €9K - €10K.
A very physcological level of supply where Bitcoin might hang and use as consolidation zone.
If Bitcoin continues to stay bullish after all this time it might go on its way to an ATH which is definitly a possibility.
Depending on volume traded rather than volatility. I don't see any likely chance of hitting a new ATH in 2020 yet.
€11,5K could be the high of the following months where price might get rejected, not consolidated, atleast unlikely .
Good news is needed to back up this analysis, FOMO is a must in the end of 2020 or beginning of 2021.
This would be a repeat of the scenario in the end of 2017 and beginning of 2018.
As seen with previous ATHs, the ATH happened around 1 year after the halving took place.
The first halving which happened on 29 November 2012 had a bullrun towards an ATH with a return of 8069%.
The second halving which happened on 9 June 2016 had a bullrun towards an High with a return of 289%.
The third halving will happen at an estimate of 12 May 2020 at time of writing.
The price could likely be already priced in by some, but I, on the otherside think otherwise. This could be just the very start.
Breaking this triangle and following this uptrend for the rest of the year would be the best bullish scenario I hope to see, yet still realistic.
Since federal Reserve started pumping stocks and other markets with printed money, Bitcoin was stated as a safehaven and alternative currency in media and news sites.
Bitcoin continued it uptrend longer than expected by most and climbed towards €8,5K level where we are now waiting and consolidating on lower timeframes.
With the halving in sight this is only good news following up on eachother. I want to end this idea by saying that corrections are healthy and needed in healthy market trends and don't always mean reversals.
Solve.Care : The Repeated Pattern0. Let me tell you in advance. There is no direction. The following is a strategy for chart patterns. Please note that patterns can break at any time.
1. Box 1, Box 2, Box 3, and Box 4 maintain similar patterns such as Eliot pulses (12345-ABC) and Triangular convergence in the process of creating C waves. The difference may be masked by whether it is upward deviation or downward deviation at the end of each triangular convergence. Box 4 If the chart is triangular converged at the current position, which is the last small box, it is likely to show a large fluctuation at the end just like boxes 1, 2, and 3. For we expect to see a rise in the long term, We can take strategy with reducing risk, buy chase or taking a risk, buy low price.
2. Fibonacci extension level 1.618 is keeping well. Marketing strategy according to Fibonacci extension level 1.618
- Target #1 : 0.00004408 satoshi
- Target #2 : 0.00004780 satoshi
- Target #2 : 0.00005424 satoshi
- Stop Loss : 0.00003739 satoshi
Ultimate LONG 2019-2021
I see no recession coming.
Get over with Trade wars, it is no longer irrelevant. It is only the headlines that make you drop your stocks so BlackRock and Vanguard can accumulate more.
I see a lot of fear. we don't fall on fear. we fall on greed and too much confidence.
Getting some entry around here and in one months. Try not to pick stocks, use ETFs to diversify, but first read the holdings structure and commisions.
If you like to pick stocks, watch the ones who are:
1. looking strong on drawdowns
2. gaining more on market growth.
3. have great guidance and nice forward P/E vs current.
4. don't play earnings. just hold, otherwise you'll end up messing up
5. try to diversify, but do it truly. don't buy all tech, or all semiconductors, or all biotech or all banks. if you buy QQQ, you buy a lot of Apple, FB etc. so, no need to add more of it.
p.s. please see the previous related ideas, to see how it ends up
Impact of CME Expiration Date on BTC*** This article is not for sale or buy.
The CME expiration date has a major impact on BTC's trend transition. Inverse head and shoulders pattern & CME expiration date, Triangle pattern & CME expiration date.
1. Current Coin Market Status
- Coin Cap : 179 Billion $
- Bitcoin Dominance : 52.0%
- Volume by National Currencies : USD(36.5%), JPY(44.2%), KRW (4.09%)
2. The Comparison of Coin Market Cap
- Coin Cap : about 179 billion $
- Stock Market Cap around the world : about 50 trillion $ / 0.27%
- Korean Stock Market Cap : about 1760 billion $ / 10%
- Samsung Electronics Cap : about 240 billoion $ > Coin Cap
3. Futures Expiration date
1) CME : On the last Friday of every month at 4 pm / UTC
2) CBOE : On Third Wednesday of each month at 10 pm / UTC
4. The Long-Term BTC Forecast
- A similarity with the 2015 bottom & Influence of halving
- The rising curve by pattern
5. 2021, The bubble of new industry for overcoming economic crisis?
6. Around CME Expiration Date, since BTC trends often change or price fluctuations increase, you should look more carefully. The charts listed below are some of my previous analyses of how the CME expiration date has affected BTC pricing. Please check. If you liked this idea, please, 'Thumbs up', 'Follow', 'Comment'~^^
1) CME Expiration Date on June 2018 )
2) CME Expiration Date on July 2018 )
3) CME Expiration Date on December 2018 )
4) CME Expiration Date on March 2019 )
2015 bottom VS 2019 bottom*** This article is not for sell or buy. If you liked this idea, please, 'Thumbs up', 'Follow', 'Comment'~^^
If you look at the title, main chart, and secondary chart, you can easily understand. Therefore, the explanation is omitted.
[ ] 13.11 ~ 17.12 (about 1470d) >> 0.85% >> [ ] 17.12 ~ 21.05 (about 1250d)
---------------------------------------------------------------------
(1-1) 13.11 ~ 14.12 (about 400d) >> 0.85% >> (2-1) 17.12 ~ 18.11 (about 340d)
(1-2) 14.12 ~ 15.10 (about 300d) >> 0.85% >> (2-2) 18.11 ~ 19.07 (about 255d)
(1-3) 15.10 ~ 17.03 (about 500d) >> 0.85% >> (2-3) 19.07 ~ 20.09 (about 425d)
(1-4) 17.03 ~ 17.12 (about 270d) >> 0.85% >> (2-4) 20.09 ~ 21.05 (about 230d)
0. the comparison of indicator : 50MA, 100MA, 200MA
1. Current Coin Market Status- Coin Market Cap : $ 184 Billion
- Bitcoin Dominance : 53.4%- Volume by National Currencies : USD( 45.4% ), JPY( 39.0% ), KRW ( 2.0% )
2. The Comparison of Coin Market Cap
- Coin Market Cap : about $ 184 billion- Stock Market Cap around the world : about $ 50 trillion / about 0.37%- Korean Stock Market Cap : about $ 1760 billion / about 10%- Samsung Electronics Cap : about $ 240 billoion >Coin Market Cap
3. Futures Expiration date- CME : On the last Friday of every month at 4 pm- CBOE. : On Third Wednesday of each month at 10 pm
4. The Long-Term BTC Forecast- A similarity with the 2015 bottom &Influence of halving
kr.tradingview.com The rising curve by pattern
Carry on my wayward sonIt hurts me a lot , but it is time to admit.
This market is almost dead. Couple of month ago I've published a chart with different scenarios of crypto/stock correlation. I've studied the market a lot and in my opinion the worst is yet to come.
2018 has proven :
1) (THE MOST IMPORTANT) Investors do not consider crypto as an alternative for current financial system. For a large investors crypto's were risky type of assets, so when the whole market shrinks - risky assets suffer the most.
2) The stock bubble is about to pop.
3) Real momentum is GONE.
4) Today's volume is mostly created by traders who DO NOT CARE about the price.
5) An average retail crypto investor gone broke
6) The reputation of crypto is too bad nowadays to hope for a skyrocket recovery.
7) China is not catching the knife.
What will happen next?
1) THERE IS ALWAYS A CHANCE , even though there is no hopium left to smoke.
2) I call DOW at 22000 by EOY , BTC to 5000
3) When people will understand that BAKKT & ETF do not make any difference , cause there is no demand - we will see a new part of The Crimson Rivers.
4) I call the bottom at 3300-2900 by 2020 , and a rise then if market can survive .
My advise for the HODLers - SELL
If you are willing to wait for 5 years or so - this is what I reccomend looking at ZRX,KEY,XLM,BTC,TRX,IOTA.
Sorry to disappoint , but we all lost something here. TAKE CARE!