Xrp-btc
ADA - Bullish Cup & Handle ADAUSD LONGHere, we can see a development of the Cup & Handle Pattern.
There is also a well formed Ascending Triangle.
Entry would be on a breakout above the handle with the candle close above.
Stop Loss - Slightly under the handle (See 1.a)
Target - Just below resistance (See 2.a)
XRP/BTC Looking Good For REWARD/RISK Ratio, BULLISH AGAIN ?!XRP is trying ( again and again) to run away from the main support of 0.000040 BTC in order to fly in the direction of 0.000060 BTC resistence. Generally when XRP does it, moves very fast, however the past days show us that some key level of price are vey hard to break. For This reason i show in the graph that XRP could use two different waves to achive the 0.00006 resistence.
Speculating on its behaviour i' ve found two main "entry level" with relative "target price" and " stop loss", even tough i think the price will probably follow the blu arrow for most of the case.
1° Trade : Buy 0.000044 BTC ; Stop loss 0.000042 BTC ; Target price 0.00005 BTC in long term, 0.000047 could be great in a short term. Reward/Risk = from 1,5 to 3 ( it depend form the target you choose)
2° Trade : Buy 0.000050 BTC ; Stop loss 0.000047 BTC ; Target price 0.000060 BTC in long term, 0.000056 in mediut term, 0.000054 in a short term. Reward/Risk = from 1,5 to 3 ( it depend form the target you choose)
It could happen that the whole bull run will take place in just one day. If the price is missing the first trade remaining above 0.000044 BTC you can go directly to the second trade of 0.000047 BTC
-- this is not a financial advice, this message is for educational purposes only--
ADA/BTC looks BAD from my view. A Bearish symmetrical triangleLong above green
short below red
simple imo. I do think we can see a huge downside SHOULD this triangle play out.... its not over yet. we can break up now thus, invalidating that triangle.
BUT if we do finish forming this Triangle, we should fall
XRP will rise once again to match then surpass BTC's valueWidening divergence indicates increasing momentum behind XRP.
Historically, the gap between the two closed as XRP always went up to match BTC's value during a rally. Take a look at the March 2016 and 2017/2018 rallies, within 21 days of the bitcoin rally, XRP went up to match it's value perfectly. If this pattern repeats, this means we can take advantage of an anticipated BTC rally by investing more in BTC/alts, get the returns, sell out of BTC/alts and then reinvest into XRP to take advantage of its following rally.
Right now XRP is undervalued compared to BTC and the widening divergence is only adding more momentum. If the trend with the previous 3 bull runs is consistent, then the upcoming bull run will see a $25 top. A 7 fold increase from the previous $3.60 high.
Thanks for taking the time to read this.
Nothing is random.
Stay profitable.
And keep an eye on the MACD!
XRP/BTC - Some Trendlines to Think About (Long-term trend?)XRP/BTC is in a critical spot right now, that could either confirm long term reversal or potentially endanger the year-long low.
In the last two months XRP has broken up from a descending channel (indicated by the red arrow), a pennant (indicated by blue arrow) while forming another major pennant in the process (green line).
A break up from the green line would indicate three moves up from three major interim patterns in a row, potentially a very bullish sign and could confirm a true reversal in year-long terms.
A move down from the green support line would reject this pattern and leave us with little support on the way down t 0.00000004600 area set on May 26th, the year-long low from May 19th would be our next major support.SHould we break down there we are still in a long-term BEAR market.
In other words, big moves coming up from XRP. Personally I'd like to see this pattern fully break out before entering.
two options for XRP: both Short than LongI am looking at two possibilities here for XRP. Option A) we see a retracement to the .38 area before resuming the uptrend B) we fall through the structure and see a retest on the .28 area before the next sharp move higher.
Both options see short term weakness followed by a sharp move higher.
We can see BTC here for context, which would seem to confirm a similar move coming; short term downside before resuming uptrend.
XRP bounce or die!! Currently in buy zoneXRP has been in downtrend all year long, and we have finally reached the most significant support. I think the r/r is great to go long here. If we don't bounce in this zone we are looking at another 30% downside to the next support. And we all know when xrp gets going, it goes hard. I'm long on bitmex from 4091. Hopefully this ages well!
XRP awakeningMy last post regarding XRP was the "Defensive" one. This one is something else.
The price action is showing some abnormal signs of recovery. Weekly is right now looking the best it has looked in ages. If we zoom out and go to Monthly, we can truly gauge the intensity with which XRP has been bought at the last demand level. With this being said, I would like this weekly to close above 6k sats. Closing at that price range would produce a hammer reversal candle in the MONTHLY, provided that the price action stays in the range until the month-end. That would be the amazing price which could also be used as a tool for longer period trading longs on XRP/BTC.
I will be looking forward to this setup forming. Shall I have it, then I will enter a heavy long there.
Let's see how this unfolds.
Cheers, RUGOVA