Xrp-btc
XRP/USD NEW HIGHS ON THE HORIZON? ENGLISHBitcoin is acting up as usual.
After the $100,000,000 liquidation hunt that occurred yesterday, I think we may be looking for an interesting weekly closing candle.
That in mind, in this chart, the orange dotted line is where we should aim to break and hold. That represents the weakest resistance. Should we break that and the following red dotted line, I would like to see a quick push back to 30 cents by the middle of next week, if not by the end of today.
Entry : 0.27676
SL : 0.24722
I chose a riskier stop to avoid the stop hunts that frequent this asset, well, this asset class as a whole.
LOGIC FOR LONG ENTRY :
1. BTC's prospective health prehalving.
2. Broke back above and held support on the 3hr.
3. XRP reached over 35 cents when BTC was meddling around at the 9.9k-10.2k levels, which I expect us to return to shortly, maybe today, or the end of Sunday.
4. Financial sector prospective reform.
5. Top 5 market cap cryptocurrency.
6. "Altcoin SZN BRUH".
7. Practical use case.
8. We are still in a bull market.
TOTAL Crypto Cap Dipped Below Mean and RecoveredI've been waiting patiently for this. The Total Crypto Cap fell below the mean trend line.
This line acts as staunch support for Bitcoin but other cryptos readily fell below it, making them a very good value. Now the Total Crypto Cap is up above the mean.
I'll have you notice that the total market cap also just happens to be breaking the purple line that forms a symmetrical triangle with the 2017 and 2019 peaks. This breakout is going to be huge.
Accumulation has been unreal the last two months. Prepare for the FOMO, noise, noobs, and volatility to come back into the crypto space!
Not financial advice.
Peace, LOVE, & Crypto,
B166ER
XRP/USD Vs. BTC/USD: Similar Bear MarketsAs shown in the charts, XRP and BTC seem to have similar bear market patterns.
BTCUSD bottomed on December 17th, 2018. XRPUSD did not.
XRPUSD hit Its probable bottom on December 16th, 2019. Approximately 1 year after Bitcoin did.
With the use of Fibonacci, it can show us most probably targets around the golden ratio of .618- .702 retracement levels.
Trend lines are a very useful and simple indicator of Technical Analysis. After Bitcoin broke its bear market trend line, it shot from $4,000 to $14,0000.
I linked my last idea of XRPUSD and how it broke its 2-year falling wedge. All with the use of one trend line that has now been broken.
Fibonacci and comparisons show XRPUSD will hit $2.12-$2.40 before May 1st 2020.
Please comment and like!
BNBBTCLooking at BNB on the daily chart
We are in location double bottoming off the .786 fib
Price sitting right at the top of value on VPVR acting as support
Big selling pleasure for 5 days and I think the bears are exhausted. Would like the bulls to step in and defend this beautiful double bottom
OBV looks good
Bullish divergence fired a while ago now
W%R is oversold
For me this will be a quick trade and not a long term hold. Considering the POC (Point Of Control) is sitting all the way down at 2000 sats I don't like the sounds of a long term hold. Essentially BNB will do a complete market cycle after CZ decides to stop pumping his coin. In and out, make money from trading is the came.
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2021 to 2023 Next cycle of xrpThis is a cleaned up version of the 2021 and 2023 cycle of Ripples- XRP charts I have found!
Fibonacci Levels of the 2015 to 2018 market. If we repeat the same fib levels in the 2021 to 2023 we could see these levels.
1. Once we break $0.49 we go up to $1.12 and could back test $.50
2. Then $10 and could back test the all time high of 2018
3. Then $57 and back test $20
4. Then reach the new all time high of $571 in 2021
5. We then go into the decline of xrp to $20 to $22 in 2023
$1.12/$10/$57/$571
Hope you enjoy
XRP ready for a move above the 200 DMA?XRP looks ready to attack the 200 Day Moving Average and our Oscillator gave a Buy just recently and price has pulled back and consolidated those gains
and now appears ready to move aggressively higher.
This should not be taken as financial advice please do your own research.
#xrp
XRP/BTC - No Hype, Simple Analysis Pretty simple, we have strong trends, we're in a cone, and XRP is low. I put the resistance zone where I did simply because of one way or another, XRP is about to break out of its current trend in the coming weeks. All the previous price action in the long area I do not believe will limit growth as it was part of a strong downward trend. What will impact you is that damn near platform like straight-line in the market price action from October '19 to December '19. Having said that, I would set a take profit somewhere around where I indicated with the red arrow around the 0.00003000 range.
As always, please share, comment, criticize. Help me learn. Help me grow.
Have a great weekend everyone - happy trading!
ETC. Going for Liquidity for upside levels.ETC broke out of Ascending Triangle.
Buyers holding price above it and accumulating more.
Demand zone was broken few days ago in case of bigger pullback.
Price faced it as Resistance zone and formed Ascending triangle which can break in both direction in CURRENTLY this situation.
But as we see - it broke up and now ready to continue upside movement.
While BTC keeps flatting - money will flow into USDT and BTC pairs.
ETH TO 230$ AND 270$ RESPECTIVELY - TBE!ETH USD UPDATE
Our last comprehensive breakdown of ETH USD was posted on posted on the 15th of January and we outlined that after a break above the 175$ resistance level, we should expect price to rise to 199$ and 230$ respectively. We gave another interim update on the 21st of January advising those that had entered the ETH long position after spikes to 180$ had occurred to stay in their long positions and our stop loss of 154$ would be kept in tact. Exactly this occurred and lows were achieved at 156$ keeping our stops in tact and keeping us in our long positions. Price is currently trading at 190$ with highs made at 195$ just under our 199$ resistance level and our first price target. For those that have been in this position since 175$, we would advice to move stops to entry at 175$ and more specifically at 174$ to avoid stop hunting. Please let this long position to continue to run till 230$ but more conservatively 227$ to avoid our stops not being hit. For those that have not entered a position yet, I will prescribe to you the exact details of finding a good long entry on ETH USD.
- On the daily chart, we can see that ETH had hit the roof just below the main resistance level of 199$. We can also observe that momentum indicators on the daily are forming a bearish divergence (specifically the RSI/ROC indicator) and EMA and MA supports are at the 175$ price level. Now, if we zoom into the 4 hourly TF, we can observe that a key level of support is at the 183$ level with main supports only being found at the 180$ level before bullish price action resumes.
- Now, we would be looking for long positions to be opened for those that have not already done so at the 180$ level with stops being at 160$. For those already in long positions, we would advice that you keep stops at 174$.
- We still expect take profits to be hit at 199$ and 227$. The maximum level which price could ascend to is 270$ and we would reopen longs after a break of the 230$ level to this price level. However, it is important to note that this is less likely and we worry that price will be fatigued after 230$ - none the less, this is something we will plan for. We even have the option to move stop loss to 199$ after the 227$ price level is hit moving our take profit level higher to 250$.
CHECK OUT OUR TELEGRAM CHANNEL DOWN BELOW FOR TIMELY UPDATES AND EXACT ENTRIES!
You Are Holding A Winning Lottery Ticket Be PatientI have no idea if the riddlers are correct but the charts are lining up. That's the only reason I'm thinking they are right. I think the next month will be crazy for xrp. Xrp is the chosen one if you have held this long you know that. Once we get over $.26 your wildest dreams will come true.
Bullish Divergence| Equilibrium|Resistance| ALT Season? Hello Traders,
Today’s chart update will be on XRPBTC with a probable bullish divergence coming to fruition if local resistance is broken.
Points to consider
- Trend testing key levels
- Local resistance to break
- EMA’s currently support
- Stochastics neutral
- RSI respecting trend
- Increase in volume
Trend is testing technical levels and holding, an evident bullish divergence is diverting XRP to change the current down trend. Local resistance is yet to break, a close above will confirm the bullish divergence.
EMA’s currently support, must hold true when local resistance is broken, worthy to note that it has been weak as of late.
Stochastics is currently neutral; a fall in any direction is probable. The RSI is respecting its trend, diverging from price by putting in higher lows whilst XRP puts in lower lows.
An Increase in volume needs to sustain when a break comes to fruition, this will increase the probabilities of a continuation.
Overall, in my opinion, XRPBTC is trading between two levels where equilibrium may come to fruition from this bullish divergence. Local resistance is a very key level to break as of now.
What are your thoughts?
Please leave a like and comment,
And remember,
“You have power over how you'll respond to uncertainty.”
― Yvan Byeajee,
I DON'T KNOW HOW YOU CAN BE BEARISH ON XRPHi traders today I made the simplest chart I could. Simply stated how could you be bearish on xrp? Two year downtrend was just broken. I purposely didn't add levels just to be simple, but we accumulated for 2 weeks then we had a huge breakout. This could be another fake breakout but i hope not, still bullish until be break below this trend line.
$XRP vs $BTC $XRPBTC (Update) Not A Hero
Weekly (Zoomed Out)
XRP continuing to respect descending channel, stochastic rsi showing momentum to the downside is slowing down. Price is currently testing our uptrend line for confirmation, a closer look will give us a better idea. Every time XRP breaks out of a descending pattern we see a short climb towards the upside.
Weekly (Zoomed In)
Zooming in on our weekly we see this week we see price tested our dynamic resistance of the descending channel. Expecting a follow up with the upcoming week, this is an ideal zone for a double bottom. A push towards the upside from here could lead us to 0.00004000 satoshis. Rejection from this dynamic resistance could send XRP to the 0.00002000 zones.
Daily
Shifting to our pattern timeframe we see our daily candles showing support at 0.00002500, stochastic rsi showing momentum looking to shift towards the upside. The price showing bullish divergence, strong resistance at 0.00002900. Last time XRP was at this price we saw a jump from 0.00002400 all the way up to 0.00003700 giving us a 50% gain. Price action history shows us price tends to have the same behavior when major support/resistance is confirmed.
4Hour
Finally looking at the trigger timeframe we see the price now looking to head towards our dynamic resistance. Stochastic RSI showing momentum in favor of bulls. Firs tp looking like an 18% gain, a 4hour close above 0.00002600 activates trade. Rejection from this level and it could get ugly for XRP Fan Boys & Girls...