XRP v.s BTC 2020
Weekly (Zoomed Out)
Higher timeframe showing XRP continues respect it's downtrend since 2018 ATH. Stochastic RSI showing price in favor of the bears with no signs of slowing down. Price now looking to test it's All Time Low (ATL) *close of 0.00001500 satoshis. The trend is your friend until it bends.
Weekly (Zoomed In)
Sticking to our pattern timeframe with a closer look at more recent price action shows XRP now respecting a descending wedge pattern. Price is currently testing what could be the (3rd) bounce of our uptrend or continue falling to our next major support at 0.00001759. Another scenario is a double bottom forming at our current level of 0.0002500, however no signs of reversal just yet.
Daily
Shifting to our pattern timeframe we see XRP formed a higher low at 0.00002800 which could lead to a lower low. Stochastic RSI showing a double top and we should see momentum to continue towards the downside. Our pattern timeframe shows our next following dynamic support is at 0.00002500, however, our next major support isn't until the 0.00001750. Aggressive sell entry is triggered with a daily close below 0.00002550. An aggressive buy entry would be triggered with a daily close 0.00002600. In conclusion, these charts show 2020 will be dominated by BTC, however that can change quickly in the crypto space.
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Xrp-btc
XRP similarities with BTC bear... its nearly timeI try not to post charts making calls for long or short, but this XRP chart looks ripe. We have had that sentiment-obliterating drop and the XRP army looks decimated. Selling pressure has been enormous, and it feels to many like all hope is lost.
This is the time to buy. I see many similarities between the BTC bear market and XRP here, and it seems as though XRP is printing a beautiful bottoming formation, having bounced off 17 cents and holding around 19 cents for the past couple weeks.
Look for XRP to shake things up in January/February.
-Baylor
XRP preparing for a move! long term: SHORT, short term: LONGXRP went downwards since July.
XRP and its SMA's behaved similary from July to September '19.
XRP going sideways for the last 2 weeks.
Major support at 0.15$.
50 SMA still under 200SMA.
Momentum at approx. 0.
RSI at around 40 and lower on larger timeframes.
So for the short timeframe i see XRP at around 0.21$ or even 0.25$ (within a week or 10 days) like it did in September but then it all depends on BTC: If BTC decides not to dumb in mid-january like it used to do the last 3 years, we might start a new uptrend.
If BTC dumps we might fall back to 0.15$. We know the (pretty consistent) mid-january pattern so IMO the burden of proof is on the bulls to convince the bears why XRP or BTC or both wont dump.
XRP - Monthly Chart - Bullish Divergence - Plus Token Ponzi - I know it has been really rough holding XRP in 2019 while watching other coins go up. Honestly, most of the charts look horrible for XRP and what I found here is the only hopium I can find for now. Also, I will discuss why the Plus Token ponzi scheme is relevant to XRP as well, which is very important as most people are unaware.
MUST KNOW - PLUS TOKEN PUMP:
- For those that don't know, there was a ponzi scheme called Plus Token that bought over 3 billion dollars worth of BTC, ETH and EOS back in the spring of 2019. This most likely caused the run-up to $14k for the BTC price and the highs in 2019 of ETH & EOS at the time. The ponzi collapsed on the day BTC reached it's 14k ish high. Most people don't know this and it is extremely important to know that the bear market is still very much here. It is also important to know that this reason is why consumer FOMO was created on those said coins while XRP continued its bear market.
MFI TECHNICAL ANALYSIS:
1) Yellow circles, I drew these on the MFI to signify its double bottom, which can be bullish in the long run. As you can see we bounced off this point for now.
2) There is a massive bullish divergence when comparing the MFI and price action on the XRP chart. Bullish divergences play out all the time in long-time crypto charts, so who knows what will happen next. I drew the lines on the MFI and price action to indicate this.
XRP / BTC Potential reversal coming! What's up Cryptoland? (coolest people on the entire planet)
I have been doing som fractal comparing.
I see some similarities between 2018 Bitcoin and XRP's current state of affairs.
I totally expect another dip toward 12 cents (fueling the capitulation similar to when Bitcoin went to 3.2k)
I will be watching for it to making an accumulation pattern and higher low higher high pattern ( Just like bitcoin did) and buy when I see strength coming back.
The pure fear in this market should produce some nice profits!
(THIS IS NOT A EXACT MAP OF WHAT WILL HAPPEN BUT RATHER A POTENTIAL TRADING PLAN FOR FUTURE PRICE ACTION)
- Stay profitable out there.
- Dalin
INTERESTING DAYS FOR RIPPLE..BEARS LOOSE DRIVE, BULLS ARE HIDDENTHIS WEEKEND IS END'S PERFECT CUP FORMATION.
RIPPLE MISSED TO RECOVER IN PRICE $ AND SATOSHI VALUE.
COMINGS DAY'S AND WEEKS UNTIL NEW YEAR CAN BE A GOOD TIMING FOR x2-3 for Ripple,xrp.
Else we will see easy COLLAPSE RANGE 0.15$
IF SMALL INVESTORS LOOSE HERE HIS BELIEVENES ON XRP AND WHALES, PUMP GROUPS JUMP IN, YOU WILL SEE ALSO PUMP BUT IT WILL END WITH 0.01-0.05$ XRP PRICE IN COMING YEAR.
btw, i'm not a ripple xrp army moon boy. i get rekt many times with xrp.
XRP Ripple - Success or Disaster?Historically XRP has acted as a hedge against BTC. But in more recent times, Ripples movement has left us hesitant. In this chart we can see XRP at support in this 4H channel. A move up could indicate a push to test the 4000 Satoshi range. And a break down of support can send us down another leg to the mid 2500 Sats range. We must wait for continuation up for us to enter, or we may enter and use SL at a breach of support here shown in this chart. I stand neutral until confirmation.
Example of cryptocurrency market infancyWe are currently still in the infancy of the cryptocurrency market, as the market matures more coins will die off, fundamentals will become more prominent during evaluation and new trends within culture will emerge, including cryptocurrency. Often this infancy is compared to the dot com bubble which it is very much alike. This infancy is a direct contributor to the volatility and unpredictable nature of many coins, and most of the time this volatility is dependent on speculation. Once VERY clear leaders emerge (bitcoin, Eth, XRP at the current time) volatility will slow, and more growth will be seen as more confident investors enter the space.
Leave comments below I would love to hear your feedback, (what else I could have included).
BTCUSDT showing some BULLISH SIGNS Long BTC or XBT
We are in a very uncertain situation. That is why i am eyeing BTC and not other alts because i am expecting a big move. And i think that move will go upwards, BUT it can go downards, as many mechanical indicator say that. So? Tight Stop Loss, good RR again. Let´s hunt some profit!
Why can it go upwards?
No doubt we are incredibly accumulating. Nice volume spikes showing off. Bitcoin has been testing too much times the 7460 resistance showing more weakness everytime.
Fundamentals are bullish: DeutscheBank suggested publicly that Bitcoin could overcome FIAT-currencies.
I want so see this last 4 hour candle close on top of my white line in 7390-7400. That would be a strict bullish sign.
Would take profits in 7600, and close at breakeven if that happens, or straight to 8000. Again, risky trade, so low leverage, low percentage of account, and TIGHT STOP LOSS, as i put it in 7189. Good RR.
enjoy!
$XRPUSD Quick to Dead the Bull
Daily (Zoomed Out)
XRP remains to follow downtrend since ATH with no major signs of reversal. Chart shown above shows price making a move towards $0.5200 only to continue following its downtrend and price is now at $0.2217 as we speak. Price has dropped as low as $0.20 and we should expect a retest here soon.
Daily (Zoomed In)
Zooming in on our same time frame we see a couple of wicks from $0.2110---$0.2200, this could be a potential support zone. Stochastic RSI showing momentum remains in favor of the bulls however price action is showing otherwise. Somethings to look out for at this level are as follows:
1.) Price to fill in the wick as low as $0.1995
2.) A double bottom to form above $0.2200
3.) Consolidation at this price level until the next bull market.