XRP/BTC - Long
• Past pumps have been followed by vicious pullbacks and high volatility, this one is holding with strong support and relatively calm price action
• If this support can hold, an upward bounce through the above trendline could result in a LARGE upwards move
• Fundamentals: Ripple Labs is sitting on a bunch of capital from selling XRP at the top in the beginning of 2018, and have been making deals left and right with large companies, bettering their product and making efforts to incorporate the XRP token as much as possible
o Rumors of SWIFT using XRP token as well as deals with Japanese banks to use a new version of ripple software where the XRP token plays a vital role
• Stop:0.00007941 (-3.2%)
Xrp-btc
Ripple to rip over the next 14 months? Q4 2018-2019 forecastThe following is not investment advice and is only my opinion.
Ripple appears to be half way through a current 3rd impulse wave. Wave 5 could see ATH prices reached again, followed by an ABC correction forming a classic "cup and handle" formation, which could play out over 2019 completing the larger scale 5th wave by December2019/January2020 time frame.
Both immediate term investment opportunity for gains or HODL through 2019.
Look to see a long 3rd wave play out during July-September 2019 time frame (August, for example). This is the time frame I expect the 10 year US yield to top out around 3.75%.
From 3.75, the 10 year will correct, which would lead to the 4th wave before completing the fifth and final wave with a target price of .001 sats!
Targets: (current wave)
.00012
.000229
2019 Targets - Second impulse wave to follow ABC correction.
.000229
.0006
.001 (moon - estimated time of arrival: January 2020
XRP/BTC Decision timeOn trendline support and local descending channel resistance. Price is looking weaker with that volume but it is a roll-the-dice kind of scenario now to be honest.
Personally, I think it will go down but wouldn't play with too much on it.
Let's see how the next 96 hours play out.
XRP getting ready to slayEverything that the establishment has told you is wrong with you - is actually what's right with you.
You see things others don't. You are hardwired to change the world. Unlike 9 out of 10 people - your mind is irrepressible - and this threatens authority. You were born to be a revolutionary.
Some pretty large goals here on XRP, let's get good entries at the regions marked. Confirm those areas with RSI divergences and the MAC D.
xoxo
GoldenParachute
XRPBTC: Another Prediction Realized!! We're on Fire!!Everyone on TradingView knows about the stock market meltdown, but the cryptocurrency world has been rocked as well. Earlier, in this article , we discussed a massive head and shoulders in XRPBTC. We highlighted the fact that the recent rally and Ripple exuberance would probably be short lived. We also noted the incredibly ominous head and shoulders pattern as Ripple failed to make new highs against BTC.
The breakdown we anticipated happened within hours of submitting the post. We saw huge momentum through the vacuum zone, as predicted. Although our exact rendition of the decline differed slightly from what was observed, all our short-side profit targets were hit including 74542 and 68583. Our bias is still short, but we anticipate some ranging or a correction to the downtrend first. After that, we can expect support in 50000's, either 57000 or 52000.
Thanks again for reading this follow up! If you benefitted from this analysis, please consider giving this post a like and subscribe to me!
ETH BULLISH MOMENTUM WHAT DO WE HAVE WITH THIS ASSET?
Ethereum is in a fighting with XRP for second place in the market cap.
Ripple recently had a 200% gain, and ethereum has not yet had a pump yet.
Symmetrical triangle Breakout whit a nice volume.
Ma's of 45 and 72 bullish cross.
Will follow BTC if, Bitcoin goes down!
SOMEWHERE OVER THE RAINBOWA painful expedition down the yellow brick road is upon us yet again and the XRP fear is beginning to build as upward price action weakens and bearish divergences begin to show. following on from my recent short entry this is a longer term direction for the Trashcoin with mind of completing a full market cycle.
Where are we going? To the end of the rainbow. What happens at the end of rainbows? Good things; such as the collapse of centralized crypto currencies just like the impending collapse of our fiat currencies; only at mach 10 speed.
Adios!
XRP/BTC Yet another daily updateHi all,
This is a continuation from my previous ideas which are still in play. We are now looking at more signals pointing to the downside. FIB retracement alligned perfectly with the charted red support zones. We are currently trending below the 20 MA on the 4H chart and price is looking weak. I expect going down prior to moving back up where we deserve to be.
In the meantime, short if you want extra bucks or hodl if you don't mind the petty movement of couple of cents when your boy XRP is gonna be $5000 a piece (tribute to the moonboys).
Previous idea:
Will PNC bank be selling the news?Fomo is rife across comment boxes and the chatroom, Ripple has failed to break the .618 fib for 5 days running, and it went parabolic. Sounds like a great combination for a short entry back to the .88!
Yellow vertical line targeted on the tweet that PNC bank have joined cripplenet.
Trade null and void if .618 (.00009000) holds for a couple of days, but if this is the case it would likely move impulsively to the upside due to market closing margin positions.
Cloned a fractal and popped it in the intended path of direction. lets go!
.00003100 target.
Basil
$XRP Bullish?$XRPBTC
Strong resistance at the 0.382 fib level, as sell as a another strong resistance level around the 0.00009000 satoshi level. Overall still super bullish on XRP dude to the press conference on October 1st and the news that his been coming out. After the pump I was expecting a large retracement, almost back to when the pump started but since its been able to hold these levels, I believe we are going to go even higher. A little bit hesitant to get in at this current price.
Going long BTCUSD With Put OptionsI wrote up a thesis that I am working with for Bitcoin, BTCUSD on Seeking Alpha
and the pressure that we will likely see to the upside.
I am going to continually buy on the dips with options protection. I am long BTCUSD at $6,500.00 with a 2-day $6,500 put at a ratio of 1:2, spot:options. I have another buy order in at $6,250.00 with additional options to kick in (I use Deribit for my options ):
The cost on the put option was $103.50. If BTCUSD moves lower to $6,250.00 my spot price losses $250.00 but my options gain $500.00 (minus my cost of the options at $200.00). Likewise, with a move upwards of $250.00, I move past my breakeven level.
I need a move lower or higher of $250.00 in 2 days for BTCUSD. I can see the moves happening either way.
There is a possibility for the beginning of an uptrend in XRPBTCTechnical analysis:
. RIPPLE/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000055 to 0.000045). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000055)
Ending of entry zone (0.000045)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000695
TP2= @ 0.0000784
TP3= @ 0.0000893
TP4= @ 0.0001047
TP5= @ 0.0001191
TP6= @ 0.0001400
TP7= @ 0.0001780
TP8= @ 0.0002288
TP9= Free
There is a possibility for the beginning of an uptrend in XRPBTCTechnical analysis:
. RIPPLE/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000055 to 0.000045). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000055)
Ending of entry zone (0.000045)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000695
TP2= @ 0.0000784
TP3= @ 0.0000893
TP4= @ 0.0001047
TP5= @ 0.0001191
TP6= @ 0.0001400
TP7= @ 0.0001780
TP8= @ 0.0002288
TP9= Free
XRP - USDLooks oversold on the RSI, maybe Ripple can go down for a moment of retracement. Keep an eye on the RSI indicator, if the price is consolidating at this price ranges, we can go for another run up. I am looking to short the shit out at Ripple around 7XXX range, depending on RSI.
What comes up, must go down!
Ripple / BitcoinRipple touched the support/resistance line again and has formed a falling wedge.
Falling wedge is a reversal bullish sign. If it is able to hold the support, we work with the first 2 fib levels as targets.
Need to break out the resistance red line, to break the major bearish movement.