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XRP LEG2 ABC CORRECTIONhello guys i hope you are well this time i think that the leg2 of elliot waves must do an ABC correction PATTERN. instead of doing just a correction from 0.50 to 0.45 xrp is doing the ABC PATTERN. why this happens? well because it didnt have to much power to convert the normal down trend in an upsidetrend inmediatly, and this happened 90% of times in al crypto market. some times that 10% its just a big pump as we remember in july 2021 or the Bigest Bullrun in history in february march last year.
BITFINEX:XRPUSDLong
by CoinPlusTrader
1
XRP - Long-Term View!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. XRP has been overall bearish trading inside the falling brown channel. We are currently retesting the upper brown trendline and 0.55-0.6 resistance zone. For the bulls to take full control, and expect a long-term bullish movement, we need a weekly candle close above 0.6 Meanwhile, the bears can kick in for one more bearish movement inside the channel before the breakout upward. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:XRPUSD
by TheSignalyst
7
| XRPUSD | SET FOR BEARISH CONTINUATION IN THE SHORT RUN.Good day, I would like to speak about the price action on XRP in a smaller time frame in order to catch those smaller price movements. As you can see from my title I am leaning towards a bit more action to the downside around the $0.40 range before we have a pushback up to previous resistance levels seen in the $0.50 range. On the 26th Sep, we broke out of a triangle pattern which, together with the critical resistance level supplied from prior action, resulted in pushing the price to the bears with the target of $0.42 which was met only 2 days later. From then on the price has been playing itself into an ascending triangle with strong resistance at the $0.45 level. Obviously, this pattern is still in early development and can reform itself into a double bottom on the $0.42 level which in turn breaks my prediction of levels closer to $0.40 but that's what the game is about in the end, using your expertise to push your position into a favorable trade. If the price continues to fall before retracing off the $0.45 level at least once more, then the price action would be structuring itself for a double bottom, therefore this area is vital for securing a favorable position. Don't forget to leave a like and comment. I am always open to discussions regarding the crypto market if you feel you have information to share. Thanks @TradingView
BITFINEX:XRPUSDShort
by Crisp_Flow
| XRPUSD | OVEREXTENDED MOVE HAS REACHED ITS RESISTANCE!Good day all, This article is an extension of my previous article, which basically explains the direct correlation to the previous bear market structure. The first article is recommended to be read prior to this and therefore I am linking it below: Now that you have scoped that article all of this will make sense. I have zoomed the time frame to the daily chart and have found even better results of correlation between the two time zones. As seen in yellow these levels of support and resistance are indicated as being the previous bear market's strong levels of support and resistance. Now the correlation between the 2 aren't exact but are almost exactly $0.025 apart from each other which is an astoundingly interesting finding as past price action does tend to rhyme. If you read the last article you will see why I have placed month intervals from 17-19, if not they indicate the months following the beginning of the bear market in each respective time zone, which happen to be the same amount of months leading up to the most recent explosion in price. This fact alone would be a coincidence however after analyzing the daily chart correlation I have found key levels which are too similar to be a coincidence and therefore can be used as a good indicator of where the price could go. Some would argue that XRP has finally detached itself from the BTC cyclical structure due to the most recent hike in price leaving BTC in the wake, however, what you must understand is there are always going to be idiosyncratic events that detach individual assets from a general cyclical market mover, which in this case in BTCs market structure. The idiosyncratic event as we all could guess is the current SEC VS Ripple summary judgment brief news. Another bearish indicator based on this current news is that generally investors and retailer traders tend to buy the news and sell the release and this may be one of those cases, even though a win for Ripple would be revolutionary news it will most probably result in a healthy retracement back down to the cyclical average as the idiosyncratic phase as passed. I will also add fuel to the fire by adding that we still have plenty of bear market left based on the halving cycle being far from sight and a potential continuation of the bears for BTC, which in terms is a catalyst for the continuation of the entire market to the downside. Reference to 2019 May-June (17th month): In this time period the price experienced a move of above 60% growth within this month placing XRP above the previous resistance that it had consolidated below for around 171 days which made this resistance exceptionally strong, however, the price eventually converted this resistance into support for a period of 57 days before all hell broke lose and the price saw a steady decline leading to the 2020 bottom on the 13th March at the valuation of just under $0.11. I am not in turn coming out by saying the price is going to reach these levels again but that is what the historical data shows. The Image below expressed the price action of the 17th month which correlates well with the current 17th-month price action: Reference to 2019 June-July (18th month): We have not entered the 18th month yet however, based on prior correlation at such an accurate degree we could see such price action occur. We saw a retracement at the beginning of the month in order to create the structure for the double top that followed near the end of the month. The price touched the key support level multiple times solidifying the $0.38 level as a strong support and resistance level for future prices. I have attached both the 17th and 18th-month price action to better understand the double top: Reference to 2019 July onwards: The price did not hesitate to continue at a fast pace to the downside leading to the eventual bottom at $0.11 in march of 2020, 256 days later. If I had to use the exact amount of time between the 19th month and the bottom to call a bottom of the current market it would put us at the 25th May 2023. This is not by any means a legit statement however if the price action does follow the general action of the past we could see a bottom around that time, which analysts have predicted prior to my findings. So who knows, all we can do is speculate and use the past as an indicator at the end of the day. I have attached an image of the whole 2019 bearish period up to the current price: I am thoroughly thanking you if you got this far in the article and if you did please comment your opinion and leave a like, would be much appreciated.
BITFINEX:XRPUSDShort
by Crisp_Flow
XRP Bearish Sentiment Friday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum. With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week. XRP/USDT short Entry Range: $0.48 - 0.50 Take Profit 1: $0.43 Take Profit 2: $0.36 Take Profit 3: $0.31 Stop Loss: $0.56 my last bullish chart with price targets reached
Short
by BuySellMarketMaker
3
September 9 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to OKLink, the total number of ETH 2.0 pledged addresses has exceeded 430,000, reaching a record high of 430,308. Bitcoin is up 4.88% over the last 24 hours and rose to an intraday high of $20,320.00. The largest cryptocurrency managed to break the psychological level of $20,000, which indicates strong demand at the $20,000 price level. The relative strength index (RSI) is moving away from the oversold zone, suggesting the bears are losing control. If the price breaks above the 20-day EMA ($20,344), the BTC/USDT pair could rally toward the 50-day simple moving average (SMA) ($21,964). Today’s Cryptocurrency Headline SEC to Set Up New Cryptocurrency Disclosure Office The U.S. Securities and Exchange Commission (SEC) will set up a new office for cryptocurrency filings. Cicely LaMothe, the associate director for disclosure operations, said the office would be part of the Division of Corporation Finance, which handles disclosures for publicly traded firms. The SEC believes the new office is necessary to address “unique and evolving” filings around crypto assets, the vast majority of which are considered securities by the SEC, LaMothe said at a legal conference in Washington on Thursday. According to LaMothe, the SEC is expected to have legal and accounting branches for crypto firms to consult and file with. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
| XRPUSD | HEADED FOR LOWER LOW!Today I will be diving into the short-term fluctuations XRP is currently enduring. On the 2 hourly charts, it is clear we have broken out of an ascending triangle formation. This formation may have a neutral probability however, the bearish probability in this instance was stronger due to this triangle being part of a series of smaller patterns influenced by a previously bigger ascending triangle breakout as expressed in the image below, This screenshot is taken from the daily chart to express the bigger picture and potential target for the market to come: Now that you see the bigger picture you can understand why the bearish break from the current pattern was almost inevitable…well at least statistically. 2-hour chart: The price had broken out of the pattern earlier this morning and what followed has strengthened my confidence in the continuation of the downtrend due to the pair sticking to a healthy decline by retracing to the previous support as a resistance. On top of this textbook example of an ascending triangle break, the price also sits right below a strong level of resistance in the short term which is expressed using the Fibonacci retracement indicator (38.2% fib, RED). Major support: The next important area of support to watch out for is seen in the range of 0.31334 and 0.30998. This level has proven to be strong as it holds strong support for a double bottom seen in the confines of the previous ascending triangle (yellow lines, look at the image above). This level isn't just drawn from the sight of eye but is a Fibonacci level (78.6%) drawn between the low of the ascending triangle to the high. Therefore it is clear that we will spend some time consolidating in this area before potentially breaking to our target of 0.2869. However only time will tell. Thank you for your much-valued time. I shall greatly appreciate your honest take on this article. @TradingView
BITFINEX:XRPUSDShort
by Crisp_Flow
🤖 #BTCLIVE - 15.08 - #IDEA 🤖🤖 #BTCLIVE - 15.08 - #IDEA 🤖 Snapshot: Short-Term 30:70- Bullish:Bearish Long-Term 50:50 - Bullish:Bearish Technical Analysis: Bullish Scenario: Alot of bearish sentiment, mainly short term would suggest a move down to $23.6k especially with the 3rd rejection from $25k andsell orders coming in - there could be a strong rally at this position to fend off breaking down on the ascending wedge which would likely drive price for another test of $25k this would be incredibly bullish and somewhat of a make or break push. A break and hold above $25k puts $27k and $30k as realistic targets. Bearish Scenario: Short term movement down to $23.6k is likely for the local support although there could be a lot of defense at this position a breakdown and confirmed retest can see price sing quite quickly to $22.6k where the next strongest zone of support lies, max pain in the move can still push us down to $20k region which is where the bottom of this long term channel/range lies. Bullish Factors: + Weekly Pivot already filled + 200EMA is supporting +20 & 50 DEMA doming to support at the key trendline support + Transfer Volume turned positive + Active Addresses turned positive Bearish Factors: - Bearish Divergence on the 5min - Bearish divergence on the 4hr - Bearish Divergence on the 1hr - Restesting resistance - Strong Sell Orders - Broken through 20 and 50 EMA - Hard rejection from 25k for 3rd time - Exchange Netflow Total turned negative - Liquidation turned negative Key News: Bull: + ETH Merge causing bullish sentiment market wide + 💥Revolut gets approval to offer #Bitcoin and crypto in the European Economic Area. + Judge grants Ripple’s request to review videos of SEC officials (cryptopanic.com) +#Crypto exchange Gate.io has been granted a virtual asset custodial services license in Hong Kong. + Europe’s largest independent tyre re-treader, Vaculug, will accept #Bitcoin for payment! Bear: - $ETH: The “Merge” Protocol Upgrade Will Not Lower Ethereum’s Gas Fees - Hackers printed 1.2 billion $AUSD on the Acala Network through an exploit. - Brazilian #crypto lending platform BlueBenx halts withdrawals following a $32 million hack. Metrics: Exchange - Exchange Reserve - As the exchange reserve continues to rise, it indicates higher selling pressure. - Exchange Netflow Total - Net deposits on exchanges are high compared to the 7-day average. Higher deposits can be interpreted as higher selling pressure. Miners / Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average. / Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average. On-Chain + aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom. + Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins + Net Unrealized Profit and Loss (NUPL) -Investors are in a Fear phase where they are currently with unrealized profits that are slightly more than losses. + Transfer Volume - The total number of coins transferred has decreased by 31.00% compared to yesterday. + Active Addresses - The total number of active wallets used to send and receive coins has decreased by 13 .00% compared to yesterday. + Transactions - The total number of transactions has increased by 26.00% compared to yesterday. Sentiment + Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase. - Korea Premium -Korean retail investors' buying pressure is relatively strong. - Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment. Derivatives + Funding Rate - Long position traders are dominant and are willing to pay to short traders. + Taker Buy Sell Ratio - Selling sentiment is dominent in the derivatives market. More sell orders are filled by takers. / Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend - Last Value: 9,142,523,051.97 24H%: -8% 7D%: -9% - Liquidation - 42921463.65 of short positions were liquidated in the last 24 hours.
by Kryptochristian
🤖 #BTCLIVE - 11.08 - #IDEA 🤖🤖 #BTCLIVE - 11.08 - #IDEA 🤖 Snapshot: Short-Term 50:50- Bullish:Bearish Long-Term 70:30 - Bullish:Bearish Technical Analysis: The bullish scenario is to break $24.75k with strong volume to remove the above sell orders confidently and hold for the daily close - it will strongly confirm a push up to $27k since there is very little resistance on the way along with a bullish CME gap target and top of the macro range. The Beraish scenario here is losing $24.2k again will push it down likely further to $23.5k where there should be some support there is a chance it can form an inverse head and shoulders pattern here and bounce quite nicely but short therm there could be blood to take out a lot of leveraged longs. Bullish Factors: + Little overhead resistance + Broken Key Resistance with strong support + MFI is positive + Above all key EMA's + Above 20 & 50 DEMA + $250 billion inflows crypto market cap in last 30 days + ETH Merge causing bullish sentiment + Positive CPI Data + Transfer Volume turned positive + Funding Rates turned positive + Taker Buy Sell Ratio turned positive + Liquidations turned positive Bearish Factors: - SEC is still on a rampage - RSI Pullback Signal - Bearish RSI & Wave Divergence - At Local Resistance - Wave Reversal - RSI and Wave Overbought - Volume slowing down - Large Sell Orders - Trendline Resistance - Exchange Reserve turned negative - aSOPR turned negative Key News: + ETH Merge causing bullish sentiment market wide - U.S Treasury has blacklisted 'crypto mixer' Tornado Cash. + CPI Announcement - 8.5% - sub 8.7% was deemed bullish - SEC Subpoenaed Coinbase + $250 billion inflows crypto market cap in last 30 days Metrics: Exchange - Exchange Reserve - As the exchange reserve continues to rise, it indicates higher selling pressure. - Exchange Netflow Total - Net deposits on exchanges are high compared to the 7-day average. Higher deposits can be interpreted as higher selling pressure. Miners / Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average. / Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average. On-Chain - aSOPR - More investors are selling at a profit. In the middle of a bull market, it can indicate a market top. + Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins + Net Unrealized Profit and Loss (NUPL) -Investors are in a Fear phase where they are currently with unrealized profits that are slightly more than losses. + Transfer Volume - The total number of coins transferred has increased by 5.00% compared to yesterday. + Active Addresses - The total number of active wallets used to send and receive coins has increased by 40.00% compared to yesterday. + Transactions - The total number of transactions has increased by 55.00% compared to yesterday. Sentiment + Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase. - Korea Premium -Korean retail investors' buying pressure is relatively strong. - Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment. Derivatives + Funding Rate - Long position traders are dominant and are willing to pay to short traders. + Taker Buy Sell Ratio - Buying sentiment is dominent in the derivatives market. More buy orders are filled by takers. / Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend. + Liquidation - 101609383.99 of short positions were liquidated in the last 24 hours.
by Kryptochristian
1
SPAC: Special Acquisition to "IPO private companies"Dipping your toes into the wild "reverse IPO" SPACs.... A SPAC, Special Purpose Acquisition Company, is a company that uses its funds to transform existing private companies to list them on the Stock Market. Read up on the SEC.GOV on these "special" financial instruments from Wall Street and friends before risking a penny on these things. We'll use a special SPAC acquiring a company very close to home: D-Wave Systems of Vancouver (Burnaby), Canada regulated under Canadian and BC Laws. For D-Wave's IPO via XPOA (the SPAC) to QBTS ("quantum bits") this will be done on the NYSE listed. D-Wave Systems is currently private and a leader in Quantum Computing with North American headquarters and control. A former Canadian star is graduating to the US. See the company web site for details www.dwavesys.com AI (Artificial Intelligence) is the future and "Quantum Bits" D-Wave QBTS might do very well as it becomes fully vetted in the USA via it's "big board", the NYSE (New York Stock Exchange). Everything needs "servers" and quantum computers are the big players in serving processing speeds. Check the past and recent clients for D-Wave Systems. In this Tutorial, we'll use TradingView Charts to explaining the possible price action on this chart based on the public information available both in the US (new D-Wave Regulatory home) and Canada (existing D-Wave Regulatory home). As a way of a background: D-Wave a leading Canadian Quantum SuperComputing is on its way to "move" from being privately held in Vancouver, Canada to being American sharesholder owned via NYSE under the expected symbol QBTS..SPACs are one way to play the IPO but it's all speculative. These are listed as The very interesting thing with the Markets is Canada operates under its own rules and Laws. So something that might be approved in Court last week for example, is "public" in Canada but may not be advertised in the US until regulatory requirements are met in both Canada and the US. The Charts on XPOA (DCPM Capital), shows the spike in February 2022 when the acquisition was announced. "Update: D-Wave to Go Public via Merger with SPAC DPCM Capital; DPCM Shares Rise Feb 8, 202208:47 Reuters D-Wave Systems, a provider of quantum computing systems, software, and services, said Tuesday that it has agreed to merge with special purpose acquisition company DPCM Capital (XPOA) to become a publicly-traded entity." In July, the charts shows the XPOA (and associated XPOA.U and XPOA.W) was repriced and the market respected sending the SPAC from the $10s to the $7s This is a SPAC to watch since D-Wave Systems is a large company located in Greater Vancouver, Canada. It was a Canadian technology company and will become one of the few (or only?) pure play US company in the Quantum Computing space. There is a customary US publication ban until proper regulatory approval is received. The "may not be distributed in the United States" allows the company to get past stockholders to understand the restructuring. Track the official Public filings available from the SEC in the US. The SEC (Securities and Exchange Commission) being the regular lists any public information as filed by the company at: www.sec.gov The Latest public news is www.sec.gov A Shareholder vote to be voted on TOMORROW August 2nd 2022 Price action shows it has very good changes of being approved especially given the Provincial/State Canadian BC Court Approval last week which was public with restrictions on the company relating to publication in the US prior to Shareholder approval. Interesting times... DISCLOSURE & Liability Waiver: The above could be all wrong. FACT CHECK everything anonymous posts! BR is part of a group of Researchers of the Markets and regulatory protocols. SPACs are truly "special" (read up at SEC.GOV) and not for the novice investors. These "high growth speculative plays" need to be viewed with either deep fundamental analysis. HTA (Hybrid Technical Analysts) using certain "conditions" to determine when to jump on and off. Volume and changes in volume is one of the key indicators and mapping these to Regulatory Disclosures is interesting. For "XPOA SPAC to QBTS IPO", since this is the Study at this point given the Events, we expect Bullish volume to possibly resume here with a massive short squeeze as the dark uncertainties get cleared up tomorrow DPCM Capital/D-Wave Systems Special Shareholder Vote August 2nd 2022. Only shareholders as of June 2022 get to participate and vote at the Shareholder Meeting. Contact the company or Regulators for more information or post as a Comment if you know something public that isn't widely known. Just think I'm just an "Elf on summer break", I have no freaking idea where that Rudolf is! That "red nose" is a concern for some but it's NOT because the poor is a drunk. That's vicious rumours by bad actors! He was just born that way! Seriously, this is just an early "heads up" from "Up North", friendly neighbours. Hey! Peace on Earth and at Home.
X
by UnknownUnicorn2413721
Xrp short term targets 2022 Bear I have a couple of xrp targets if we break through this descending triangle which is a bearish continuation pattern. I have targets ranging between $0.22 and $0.25. We still have negative overall market news on recession and inflation fears along with insolvent cefi platforms that are plaguing the crypto markets. We will most likely find a bottom in crypto during this bear in 2022. I am using the 4 hourly chart with the MA and EMA 200 and 210. We have great current news with the Xrp vs Sec court case but equity and crypto market factors will affect Xrp in short term then a settlemnt will eventually move Xrp into a bull run.
Short
by altcoinb
2
XRP vs SEC = The House Always WinsRemove any emotion you have with your XRP bag and just take a second to look at the dynamics of this entire thing. We can all buy cum rocket, and poop bucket and even HEX or Dogecoin which are extremely risky and speculative in itself - but we can't buy XRP? Wait a minute you're telling me we can trade all these goofy coins, but not XRP? I can buy a bunch of trash on coinbase, but for some reason we can't buy XRP? Look at Ripples latest tweets, If SEC wins lawsuit, Ripple CEO Brad Garlinghouse says the company would leave the United States - Ripple CEO (hmm - they're telling you what's going to happen - in crypto there are no read between the lines it's all out in front of you on the public ledger) Unfortunately I see no path up. This will continue its road to 0 - ultimately getting delisted and maybe people around the world will use XRP to some extent, but most of the world has already discovered USDC, USDT, BUSD and many many other ways to send money almost instantly. The truth is, once trust is eroded - which it has - the SEC is not going to let some random coin win against its CBDC. Just my $.02 - feel free to tear me a new one in the comment section. BINANCE:XRPUSD
BINANCE:XRPUSDShort
by InvestingIdeas9
25
XRP: Can recent bullish momentum last?!XRP Intraday - We look to Buy at 0.3771 (stop at 0.3658) Support is located at 0.3800 and should stem dips to this area. 0.3755 has been pivotal. We are trading at oversold extremes. We look for a temporary move lower. Our profit targets will be 0.4048 and 0.4098 Resistance: 0.4100 / 0.4250 / 0.4400 Support: 0.3900 / 0.3800 / 0.3700 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:XRPUSDLong
by VantageMarkets
XRP BULLISH ROCKET On the 1H chart, XRP seems to have formed a double top, close to the support area, a formation that indicates a bullish scenario. we are close to seeing a "W" type formation ... we are waiting for confirmation. The indicators do not seem to say anything, which shows a certain indecision of the market. On the 4 hour chart it looks like we are in an upward channel. At the moment, XRP, unlike BTC, is not in such good condition. Even if the market seems unfavorable for XRP, I will be guided as some top investors say: "when the signals seem to show a decline, the market can surprise and grow!" We all know from the past years that the crypto market is full of surprises. I will be very careful these days and I will not risk more than 2% of the account.
BITFINEX:XRPUSD
by v06d12r92