Ripplebtc
XRP finally bounced? Appears to be great entry zone.This one is a little harder to TA, due to what appears to be heavy price manipulation. However it shouldn't drop lower than where it appears to have bounced in the past few days, about 5400sats. This level resembles previous accumulation levels, which should be a trusty level of support, DMI and RSI show it should be a firm reversal. There is only 1000 BTC between XRP reaching 8000 sats on polo, a volume which isn't very high for XRP. Trade at your own risk, cloud still forecasts some red but it should be clearing up very soon. :)
XRPBTC Fib Levels and Bubble Cycle PschologyI sketched this idea based on historic levels of resistance and support using fib levels. I find for alt coins the "wallstreet cheat sheet" (see link below or google it) seems to be an excellent way to judge market sentiment and investor psychology if you can match up similar shapes as the market follows a cycle. On this chart... I have included 3 notes regarding a friend I have that has been hoarding XRP since 2013 (never sold 1 he boasts). Since he does not trade (only buys) I feel he is an excellent indicator and also seems to have followed the WSCS. At this point, we have come all the way through the market cycle and are entering the new accumulation phase which I predict will be in the 0.00006000 - 0.00003800 range with maybe a few spikes to as low as 0.00002400 (the level before the bubble began).
Notes:
1. At this level he was beginning to be very confident and continued to tell me to buy more. He believed the price of XRP could easily reach $1.00 by mid summer (I think this was around 0.00050000 btc at the time).
2. At this point I was pretty sure we were at or near the top because his predictions changed from $1 to $5 to $10 dollars seemingly overnight; Euphoria on the WSCS. I sold almost all I had (just in case he was right) and have since been watching the patterns form almost perfectly along the bubble pattern presented in the WSCS.
3. His sentiment has now changed to "I dont really care about the price, I'm a long term holder". Which was his sentiment before the cycle started and he seems to be paying a lot less attention to the market. Somewhere between anger and depression on the WSCS.
Hit the Like button if you like it or tell me why I am wrong in the comments below. Thanks for taking the time to look and good luck on your trades!
Ripple ideaThe price came back above 0.1850 support level and broke the downtrend line. It's a signal that probably we'll see a new upward movement. We must be ready to join the main up trend.
XRP to the MoonRecently I posted my XRP trade idea. After further chart analysis I've decided that my last prediction was wrong and I now need to update. Here's my updated idea that's going to make us all Rich ;)
XRP PredictionI'm grabbing entries off the .786 as I expect Ripple to break out of of this consolidation period and go into a ascending triangle. I will sell my position once price hits the previous resistance. Once price breaks out of the ascending triangle I will make another entry and my target is at 0.000375
