Ripplebitcoin
XRPBTC (D): Ripple vs Bitcoin - Be watchful!At Ripple, we may see a number of indicators that could guide us the direction: First, elliott wave. According to ABC, we may have seen 12345. That would lead to a correction of ABC . But also a rising wedge could crystallize out. And the Gann Fan also indicates more to 8/1. We should watch this closely the next few days. If Ripple breaks through the resistance line, an interesting development could open up. But it doesn't look like that at the moment.
Look also at:
And bw: Happy new year!!!
Let's see what happens. Happy trading. :-)
Ripple vs Bitcoin - The StandardToday we take a look at Ripple / Bitcoin
Ripple looks quite interesting at the moment ready for a large move
Confluences for a push upward -
- 0.62 Fib Level is holding
- Tight Accumulation Range ready to expand
- RSI showing strength
Target would be our recent highs + local Supply Zone
An invalidation of this idea would be a break and close below our green box
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Be ready for the BREAKOUT on RippleAs you can see in the chart. We are at very crucial moment. So before you buy or sell Ripple, take a look at the price direction.
If it breaks the green we will have bearish run. But if we are lucky enough and the price breaks red, we will have nice bullish run for a while.
Stay tuned,
Happy trading!
$XRP Dump IdeasXRP just experiencing a dead cat bounce few days ago and producing a quite massive gains for those who entering at the right time. Wiping 12 weeks bearish in just 4 days pump.
We've been informing you all to exit this "not last forever pump" and buy back later. Here is the support and resistance case
1. XRP will have a weak support above 5000 sats where the demand has been built. But basically, the recent dump probably can be brutal.
2. For #1 reasons we are seeing that the second support as the strongest support which is around 4k sats and below 4,5k sats where at this level the demand are quite long for accumulating phase that probably "the whale" already enter long enough to accumulate before we even realize.
3. RSI level still in the middle which give a quite big room for retracement downward.
Trade safe!
There is a possibility for the beginning of an uptrend in XRPBTCTechnical analysis:
. RIPPLE/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000055 to 0.000045). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000055)
Ending of entry zone (0.000045)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000695
TP2= @ 0.0000784
TP3= @ 0.0000893
TP4= @ 0.0001047
TP5= @ 0.0001191
TP6= @ 0.0001400
TP7= @ 0.0001780
TP8= @ 0.0002288
TP9= Free
There is a possibility for the beginning of an uptrend in XRPBTCTechnical analysis:
. RIPPLE/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000055 to 0.000045). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000055)
Ending of entry zone (0.000045)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000695
TP2= @ 0.0000784
TP3= @ 0.0000893
TP4= @ 0.0001047
TP5= @ 0.0001191
TP6= @ 0.0001400
TP7= @ 0.0001780
TP8= @ 0.0002288
TP9= Free
Ripple idea plays out If you read and followed our suggestion from the August 13 in regards to potential bounce in Ripple, you made some good money. We stated that "Those who are looking for a bounce, place your stops against the 161.8% extension zone. The first potential profit-taking zone can be 0.000560". The result? The coin went briefly below the 161.8% extension support, created a hammer (bullish candlestick pattern) and rebounded to 0.000570, thus triggering your profit taking level. Hence, a move from the 0.000450 to 0.000560 should have made you some money. The coin briefly went below the 161.8% and as we always advise, your stops should be triggered only if there is a comfortable close, on a daily time frame, below the support zone. As this did not happen i.e. the coin closed just at the 161.8% extension support, it allowed the bulls to return and create a mini bounce.
So, what now? The bounce was finished at the horizontal resistance line, as envisaged. However, the coin did not continue to test the key trend line, which adds to the overall bearishness of the Ripple. Inability to test the trend line again means that new swing lows are probable. If this is the case, move to 0.000360 - 0.886% Fibonacci support - is on the cards.
Ripple to the Moon!Ripple on a run after retracement. Ripple has created two strong uptrends and we are looking good to go up if we look at our bullish divergence on EWO the targets set above are pretty reasonable. This is are the details:
Xrp buy-in: 0.00004423-4758
targets
1.4921
2.5407
3.5726
4.6246
Stop-loss: 0.0000385 BTC
Good Luck, Traders! #moon #mooncommunity
RIPPLE - SHORT TERM TRADING PLAN, IMPORTANT LEVELS TO LOOK AT! With Bitcoin plummeting, Altcoins are heading towards grave. That is why i have stopped using chart patterns for a while for altcoins because they are all so much dependent on Bitcoin .
We all have been noticing that if BTC falls a few percent like 2-3%, altcoins take a way deeper dig to around 8-10% or so. So, it's better not to use traditional chart patterns since they won't come into fruition.
So, i am trading raw just via using swing highs, lows, supports and resistances. I have marked everything on my chart, you can check it carefully.
Please take care to use indicators such as RSI and MACD while trading using these parallels. I have not marked them on this since this chart can be used to trade in both directions i.e. long and short. So, marking just overbought/oversold doesn't make sense.
Ripple rebounded strongly from the critical support level few days back and is now moving between the marked parallels. If the bulls are able to push it, then it may reach the intermediate resistance level from where it may come back down. If it break above the resistance level then there is plenty of room to grow. Alternatively, if it falls back down then the critical support level should hold. If it doesn't, then things are gonna get pretty ugly for ripple.
I'll keep updating this, as and when required.
P.S: This is not an investment advice. This is my personal journal. Invest your capital at your own risk.
Keep an eye out. Trade safely. Always remember, money not lost is also a profit.
Good luck trading.!
Peace.
$XRP Falling wedge, bullish divergences$XRP looks like it's about to make a move and at the moment that move looks bullish. Hidden divergences (CHECK RELATED IDEAS) and a falling wedge that looks like it has completed it's count and is knocking on the resistance of 8000 satoshis. If it breaks through this resistance it should knock on 8200 resistance soon after.
This is not trading advice. I use these charts as form of education and for fun. Constructive criticism is always welcome
Bullish on $XRP? Hidden Divergence 4HSame play as found in $TRX (CHECK RELATED IDEAS)
Only differences is $TRX is a 1D chart and $XRP is 4H. Still you can get they same concept. The start of a climb up as it starts to create a bullish divergence. Just keep in mind what ever plays out next be a bit more bullish.
This is not trading advice. I use these charts for education purpose and for fun. Constructive criticism is always welcome.
$XRP - A lot of blood recently, but in the form a bull flag?XRP failed to hold previous supports (CHECK RELATED IDEAS), which has resulted in a lot of red candles. It is still in a correction phase, but for how longer? Dipped into oversold on the RSI is a good indicator that an upwards move is about to happen and a bull flag coming to the end of it's stop about to make a move up (possible targets of 0.0000960 - 1000), which would be the length of its flag pole (purple trend line) or another fall back down (to 0.0000780). Possible target of it breaking up would be a spike through 0.0000820.
This is not trading advice. This is something I use as form of education and for fun. Constructive criticism is always welcome
$XRP - Previous resistance becomes support, correction finished?If you look back through the $XRP 4H chart you will see that previous resistances have become support. There was a drop to 0.0000825 (possibly a bull trap), but because of how quick it happened and shot back up to 0.0000843 it could possibly fall back to this area to complete the C wave correction.
RSI uptrend is still in play, previous supports at 16.5 and 29.9 and a double bounce back up at 34.3. This could drop to 29.9 but the uptrend will still be in play.
This is not trading advice, I use this as an education purpose and for fun. Corrective criticism is always welcome
$XRP EW Count 1H - OK here is what I am seeingWith the use of Elliott Wave count we get to see a possible pattern or direction in which $XRP is heading, a possible read on what's in store up ahead. With the help of fibonacci I see this being the possible stop off of a C wave correction. On a bigger scale this is not necessarily a bad thing this is a solid good correction and on a bigger scale we are still on track to complete a move up to 0.000100.. but this is for another day. A fight up might find resistance along 0.5 on fibonacci retracement. If it fails to break this resistance at an early stage we could see a longer correction
$XRP - Double Pennants potential big breakoutAs we can see labelled on the chart there is 2 Pennants but are they both bullish?
When you take the length of the pennants flag pole and place it to potential break out area it is to give you a rough estimate to where it stops off to correct. But in this case pennant A's break out exceeds it's flag pole in length (up to 0.000087) and climbs up to reach 1.618 of the fibonacci extension (0.000090).
With Pennant B, because it is bigger, I have a feeling Pennant A could be a part of it's flag pole, so this means the bottom of Pennant A's flag pole is also the bottom of Pennant B's flag pole. If this is correct $XRP is in for a big climb up possibly crossing over 0.000100
XRP / BTC - one more push up to confirm THE RETURN OF THE BULLS!XRP / BTC:
it seems that we are currently putting in the waves D and E to complete wave 4 of one larger degree;
this means that we'll soon be going up for a wave 5 to complete wave 1 of a larger degree.
then down for a shallow 2 as this is in fact all part of a wave 3 of a larger degree, so brace yourselves!
there are alternate counts that could possibly take us lower, but i think this is the most PROBABLE outcome.
Happy trading and remember that the BULLS ARE COMING! :D
$XRP H & S Complete and onto wave e UP UP UP 2H$XRP currently liking the climb of $XRP, recently I have been on the button with these calls so I'm excited to see how this next part plays out. We have completed the head and shoulders and on our way up. To get a possible Idea to where we should come to a halt and begin to fall back down, you simply take the length of from neckline/resistance to to tip of head and place it where the right shoulder extrudes the neckline. This is just to give you a rough Idea.
Finally back on it's way to 0.0000900 sats? It could get close to 900 or it might just reach outside 860 - 880. On it's way back down I'm hoping for strong support before old resistance before coming down to test it.