Ripplebtc
Time To Short Ripple XRP AgainDISCLAIMER: Please note that my trading approach is trend following . I try not to make predictions. When I see momentum developing to a direction I try to be one of the earliest participants. And when I see that momentum fades away, again I try to exit as soon as possible. I don't try to catch the bottom or the top. I don't try to be right, I try to be agile and flexible enough to join the right side before it's too late. Please also note that I'm a swing trader using daily charts .
Entry and exit signals are not universal in trading. They should be determined according to the trading method used. If your trading approach and my trading approach don't match, please do NOT consider them relevant for your own purposes.
Bullish momentum that led me to long POLONIEX:XRPBTC proved to be a false breakout and here I change my position to Short .
We have three major supports to break:
5000
4500
3700
As usual, we have to admit that we can be wrong and place a Stop Loss accordingly. My initial Stop Loss will be at 6200 satoshi.
The Ripple Effect - Short Term Rise - Short Term FallXRP has been volatile over the last few weeks against the BTC.
Today XRP will rise in the short-term as BTC moves sideways and downward. Some expect BTC to drop which would help the price of XRP - but I anticipate BTC rising back to the 7000s in due course - which would likely push down the price of XRP.
We're going up in the short term - but get ready for a slide as BTC rises in the very near future and Ripple take its time catching up.
Was Correct About Ripple Dip - Ripple Rebound ForThe Short Play!XRP behaved as expected. Many people are quick to call tops without calling bottoms as well. Thanks to everyone who send me a message telling me about your profits! I hope everyone continues to make smart trades.
If you are holding XRP right now the only smart move to make is to switch to another currency you are positive is going to grow faster than Ripple - or wait.
As a professional trader I spend weeks or months waiting for assets to get to where I want them to be sometimes they are in the negative for most of that time. Crypto is a thousand times the speed of any other asset class - in a market that doesn't sleep. Some describe month long holds as "longs" whereas in other markets that would be a very short horizon.
In part due to the fact that the market never closes and also because there are no regulations against practices that are banned on regulated markets - Ripple sometimes trades its worth - other times it pauses before catching up. Ripple has an inverse relationship with Bitcoin whether we like it or not.
BTC appears to be tracing the bottom right-hand side of an inverse head at shoulders pattern. BTC is currently trading at $6500 and will rise to $7100 again by Aug 10th.
Ripple will gain momentum thanks to BTC and should quickly move back up to the 5700-5800 range from the BTC pressure alone. With the added momentum, we should see 61k sats again in short course.
I still believe in a $2 Ripple at some point this year. Summer trading has traditionally proven to be rewarded by the major gains seen in the fall!. Ripple is a good buy right now on the short play - or to add to your portfolio of "long" positions - the price is right.
Ripple Finally Safe To Buy/LongMajor alts have been showing strength for the last couple of days and Ripple POLONIEX:XRPBTC is the first one that gave a Buy / Long signal since mid June. We're still in a bear market and don't get your hopes too high for this move. But we can open a position with low risk.
We have 3 major resistances ahead:
7000
8300
9000
Let's watch these carefully for possible reversals.
As usual, we can be wrong and trading is about being profitable by keeping our losses small. My initial Stop Loss will be at 5571 satoshi .
RIPPLE/BITCOIN Since mid-April, we are in a descending trend.
There is a formation of a downward wedge, the breakdown of which will lead to a change in the trend and a price reversal.
Daytime indicators from 24/07 show the market turn.
It's better to enter the market and wait for a breakdown, placing stop losses under 0.000054.
The Ripple Turnaround - XRP Should Be $0.50Ripple has been great the last week, After falling from 6100 to the low 5000s XRP has made its way back above the 61k sats line.
BTC has been moving sideways which has allowed XRP the ability to pack on the value.
It looks as though BTC will see another fresh injection of cash and will go up in price for at least the short term.
XRP will likely react by the price dropping to 57k sats before recovering and moving back toward the 61k sat mark and above.
Ripple still feels undervalued relative to the USD and compared to its competitors. A slight correction and a turnaround should have Ripple back up in the $0.50 range where it "should be".
Ripple - decision time approaching soon As predicted on the July 18, the #Ripple got rejected at the key resistance trend line and made a series of new short-term lows that placed the coin at the lowest levels since December 2017. Meanwhile, the #Ripple is still trading below the trend line but it now approaches it for another test after recording a positive day or two. The coin found buyers at the 78.6% Fibonacci support line and it rebounded, breaking the habit of creating short term lows. It is approaching the key resistance again and it is quite simply - a decision time. Another failure will most likely prompt another low while the break of the trend line should facilitate a higher move to the upside, as many bears have their stops placed above the trend line. IF you are looking to go long, wait for a break and close above the trend line before entering a trade with a stop below the trend line on a closing basis.
RIPPLE--SOMETHING EERIE with all ALTS. PARABOLIC SAR DAILY.I am noticing something eerie with all of the alts.
I believe we are on the brink of a massive bull run .
The likes of which we have never seen nor could have enough time to prepare for.
My previous BTC long chart shows Parabolic SAR trend change on the weekly.
Now I am seeing Parabolic SAR trend changes on the daily for alts which were previously bearish for months.
WHAT IS PARABOLIC SAR?
It makes little dots on top of candles (bearish) and below candles (bullish).
Parabolic SAR is a TREND CHANGE indicator.
And a big one at that.
XRP BTC in Bittrex shows a daily trend change with the first dot starting EARLIER this year JUST LIKE Bitcoin last year.
Hold onto your pants.
We are going to the moon.
Ripple Is Back To Life - Short Term SellXRP is in for a short term drop.
XRP has been moving unpredictably which is what has made it predictable in the short term. Instead of moving lock step with BTC it seemed to be doing its own thing and not in a good way. - it was clear to me that it was undervalued . I saw it in the charts - but after trading this thing for years you get a bit of a rhythym going and can "feel" things. This week was very frustrating - I had my big sells at 61k today - if I had set it a bit lower I'd be looking at a lovely buy back. Now it seems ill have to wait a day or two to get there. I had to go out for a few hours and missed it!!
We seem to be trailing down where we will double bottom and move up. Ripple is definately overbought against BTC in the short term. We are going back to 61k but the current pattenn looks like it will double bottom rather than build.
Learn from my mistakes - unless your watching in real time - crytpo can pass you by and turn a short into an unplanned long- be a little less greedy on the sales and cheap on the buys unless you are longing!
Thanks to everyone who messaged me on the last few charts. We're inching towards some higher longterm prices.
XRP BTC Potential Breakout on 4H chartWe had a strong breakout with high volume, I will be placing a buy order at the previous resistance of 5700k sats. If we retest this area and create a higher low then my sell target will be at the next strong resistance zone (7000k sats)
If it breaks down back down below the 5700 support I will have a tight stop loss at 5500 (about 3.5% potential loss). It is likely to retrace to this level as it's well oversold on the 4H RSI, however, If it does not come back to retest the 5700 zone then I will move on and forget about the trade.
This is a nice risk to reward setup of about 6.5 to 1.
Ripple Price Action For the Past Year in One Chart#BTCXRP has had a formulaic pattern over the past year.
The 10 day moving average (10 DMA) has more or less determined the direction of Ripple.
When the 10 DMA crossed over and above the 20 DMA, we tend to see some continuation in upward price action, but the second the 10 DMA crosses back down over the 20 DMA, we find ourselves in a bearish environment.
XRP - Can the history be repeated 3 timesIn short:
We saw the (almost) same pattern 2 times, now we got to the point where it could repeat.
Just comapre the number I wrote on the chart and you'll see how similar it is.
Indicators signing a bullrun:
1. MACD is going to cross. It happened few time before and we saw how much bullish this sign can be.
2. RSI reached the lowest point ever. It's a bullish indicator since we saw what happend the last 2 times it reached this kind of low.
3. 200 EMA started to bend. This means that 50 ema and 100 ema will have an easier time overpassing it resulting in a hard bull signal in just few days.
The 50 and 100 EMA crossing the 200 EMA will be like a magnet for investors since it's a sure entry point.
If it repeats the same pattern as last 2 times, XRP will soon get to 20k satoshis with a possibilty to surpass that point and go even higher.
The only resistence now is 20ema. Once passed, it could go up like crazy.
Missed Trade -BTC Gravity - Bought XRP Today- GOING UP!BTC has been moving all over the place over the last few days.
Ripple did the opposite of Bitcoin for the most part - but has still kept a respectable value versus the USD. Ripple is undervalued in USD as well relative to BTC - we should see a migration of capital soon.
XRP has not been spectacular on its own - even though recent newsreleases has been positive. XRP needs to begin outgrowing Bitcoin or this cycle will continue.
Bitcoin going down would make XRP rise against it without the need for more XRP demand. BIT will likely make its way down to 7800 before bouncing back up - this should provide XRP with a spike in price - and more interest in trading.
We should see 57k sats soon and possibly the mod 60k sats by the end of the week.
Ripple to 57k Sats TodayXRP against BTC has been for the most part doing the exact opposite of BTC.
The strength of Ripple isn't enough that it can trade independently of BTC so it is somewhat vulnerable to the movements of BTC.
It looks like BTC will correct itself before taking another run at $8400 - this means we will see XRP hit at least 57k sats as the price of BTC falls.
Once we hit 57k sats we will need to evaluate. It looks like BTC has positive momentum even if its looking at a short-term correction.
This correction will increase the value of XRP and hopefully encourage investors to buy and hold before BTC takes off again.
I'm a long term holder of Ripple - if you're not - today might be a good day to explore holding some!
XRPBTC: Can XRP Prove itself?Hi All,
Hope all your trades are going well.
It's all in the chart.
RSI: Shows Oversold
Probability: Uptrend Reversal, depending on BTC trend.
Keep in Mind when trading: Not to be greedy: Use Trailing Stop Loss...
3-5 Bar Declines: it's an indicator to - Buy
3-5 Bar Increase: it's an indicator to - Sell
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
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Like the Phoenix we will rise from the ashes...
Happy trading People...