Maybe those of us who believe in Ripple are not well loved by Santa... but push on as we must because there is no longer an alternative. Wave 3 only hit the 1.0 fib ext of Wave 1, getting blocked by the Monthly HA Pivot. Wave 4, as it is, has retraced most of Wave 3. This is not normal and in fact, since Wave 2 was a complex wave Wave 4 should have been a simple...
XRP BRIEF INTRA-DAY BREAKDOWN Since giving the long call for XRP at 0.28$ and stating that this will hold as a firm floor, we have seen the spike to just below our initial stated final target for XRP at 0.41 (we only spiked to 0.405$ in reality) and thus our target was not fully achieved. This is just an update of the situation, in line with our BTC analysis....
Like all of you, I have been watching the chart intently for the last 6 days, waiting for some indication of the next impulse wave. At the moment, the 4H RSI just broke down past a supporting trend-line, and with the rest of the market falling faster than Ripple currently, all indications point downward. There is hope though.. there is still space left within...
Hey boysss After a rough couple weeks for bitcoin I believe we are heading for a little bounce before a greater dump to around 2.8k Everyone and their dog is talking about 3k bitcoin and that normally means we will do the opposite. Major media channels have been saying bitcoin is dead which is always a good indicator to go long This setup is starting to look...
XRP still heading south, here is a little preview of how I see it happening for the next 10 days or so.
After looking at the bigger picture i found a pattern, just like my BAT/BTC call. It's pretty obvious, so just take a look at the chart.
I just read an article written by a journalist who said "Bitcoin went from 5.5k to 19.5k in just 33 days inn 2017, not impossible in 2019." Talk about speculation. He spoke of an ETF , yet pointed out that Bitcoin ETF's have been rejected 9 times. He noted that there is one under review. I am sure that the recent performance of BTC will have an impact on THAT...
We have seen a relatively sideways market for a while now. As a trader I need to trade the market being presented to me rather than the market I want to see. This is why I have adjusted some of my targeting methods over the last week. Small profits are still profits. I hope this helps
Did a TA on XRP against BTC. I think XRP is overbought/overvalued right now because the market cap went up significantly within a short period of time. That said, it went below the consolidation point at the end of the triangle. Right now, I think its highly volatile and XRP price is very dependent on the PR/news releases right now. Being overvalued, I would...
Some may call me crazy but I'm not bullish here yet. Looks like we may see repaint of one of the previous patterns ( visible on the chart ). My favorite is the first one from the left, means we may see attempt to break higher followed by sell-off. What I'm trying to say is that I would try to avoid to chase price here.
BINANCE:XRPBTC After some consolidating price action for two days. Price has finally broken out of the consolidation zone and price went to the 9K resistance and was rejected Since then it has retraced to the 0.618 fib level and has been holding. We can expect a retest of the 9K resistance Breaking the resistance is not out of the question Go long @...
We are now in Wave 5, and as I write this, maybe the end of Wave 5 and the higher degree wave. This is a very cluttered chart, so let me go through a few things. There are a bunch of yellow lines that I usually dont have on my charts. These represent support/resistance areas in the past. The thicker the line, the farther back it goes. The solid ones represent...
This is what the bulls hope, I repeat this is WHAT THE BULLS SEE, NOT ME...I dont believe this will happen again, so the dump will be epic.
After a complex correction wave, held down by the descending trend-line from 9/1, Wave 3 shoots through the Monthly Pivot and the grouping of resistance at the 0.35-6 level. This is a very bullish in my opinion. This should set Wave 3 up for a 1.272 extension ending around 0.39-40 at which point is also the (P+R1)/2 line in addition to the HA Monthly Pivot....
Open Order: none Open Position: Long at 0.285 (buy-stop triggered) This morning it was announced that the Saudi's National Commerical Bank will be using RippleNet. This is is a big deal and the 15% jump in price reflected that, triggering my buy-stop at 0.285. This news, and the reflected jump in price, changes everything near term. All counts are now invalid....
Open Order: buy-stop 0.285 Open Position: none Yesterday I noticed a bearish divergence in both Fisher and RSI (purple). There was some chance for a push up so I put in a buy stop order at 0.285 as a breach of the short-term resistance trend-line (green) could have seen a push to 0.31 or higher. There is medium-term support between 0.245 and 0.255. A breach...
Yesterday we saw Wave 3 complete within 0.00016 of Wave 1 1.272 fib extension at 0.25903, and Wave 4 hitting 0.50 fib. Technically speaking, Wave 4 should not retreat into Wave 1 area, but every now and then a fake out happens, or a bunch of orders get triggered which can make it poke momentarily into Wave 1. I do not consider this instance a violation requiring a...