XRP has seen some strong bullish candles over the last couple of hours. At the moment, XRP is on the verge of breaking out of the channel, potentially signaling a new bullish trend. Before entering this trade I'd advise waiting for confirmation of a break out. Higher time frames yield a higher predicting power. In case of the price failing to break out, expect...
After an unsuccessful attempt by buyers on January 10 to consolidate above the range of $0.36-0.38, the XRP market stopped consolidating. A recent attempt by buyers to organize trend movement and consolidate above $0.31 failed. The critical point during this attack of buyers was the mark of $0.28 , which we wrote about in the previous idea : The range of...
The high probability of xrp dump is present based on technical analysis (descending triangle) however fundamental news can flip the game. Open short position after the breakout of major support.
I find this combination really interesting! Drop - Higher Low - Break - Rally! For now, the Drop is already done! The question is: Will this one repeat itself? We need XRPBTC now to make a Higher Low, then break above the previous swing high! For XRPBTC to go up, there are three scenarios: 1- Ripple UP, and Bitcoin DOWN (best case scenario) 2- Ripple UP,...
An extension of a previous idea(s) on Bitcoin's future, as linked below Given a potential surge in DXY - Dollar Index, Bitcoin's crash may last longer and fall deeper than people expect CME price gaps are a strong indication of bounce zones as they work like magnets so GAP-1 is the first target Second target is the high volume zone from the second leg of the...
To take advantage of this situation you just have to long BTC and short XRP with the same ammount, creating a hedged strategy. If BTC crashes XRP will crash even more, and if BTC keeps going up, XRP will not keep up because of the SEC action against ripple. The only scenario where you loose is if XRP goes up when BTC is crashing, an impossible one. The potential...
Hello, dear subscribers! Today we will try to understand what is the next move for the XRPUSDT. It is broadly known, that the Ripple has very negative fundamental analysis according to the last news. The price immediately reacted with a huge dump. On the right chart we can see two global support lines. The price have already broken down the support 1 level but...
After the news of the SEC's lawsuit against Ripple, acting as a strong negative fundamental, the price has been driven lower with losses of more than 25%. The market HAS ALREADY ABSORBED this news, which could translate into a LONG-TERM buying opportunity for Ripple, as the price has seen an increase in the last few hours by more than 10%, bouncing off the $ 0.30...
Buy on the support line or above resistance line.
XRP just broke under its already downward trend support. It looks like we will be seeing lower prices at least to the next support. I'm thinking it will go to, $.45 Well, see. I'm hoping it turns back up...
Here we can see that not just Bitcoin is repeating patterns (bitcoins fractal i posted Friday played out very nicely). So maybe these things still have real value, but as mentioned in the Bitocin fractal analysis, these things should not just be followed blindly, it needs more. The support line on the left, in theory could go on for a very long time, since it's...
great short opportunity, great risk to reward setup