XRPUSD (Volume Analysis Prediction 4/25/2018)Ticker: XRPUSD
Exchange: BITSTAMP
Signal: short-term @Long
Trading idea:
The idea is that after a rollback, take an asset on a trend with minimal risk
I'm only afraid that XRP will follow the BTC
This can lead to the fact that the market will collapse completely again
So be careful when choosing the position volume
Entry point: 0.662
Stop: 0.612
Target1: 0.79638
Target2: 0.90214
Xrp-btc
There is still possibility to buy in XRPBTC ...Technical analysis:
RIPPLE/BITCOIN is in a range bound and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 44.
Trading suggestion:
*The price is in a range bound, but we forecast the uptrend would begin.
*Price is in the support zone (0.00009 to 0.00006), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.00009)
Ending of entry zone (0.00006)
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 reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 5 Buy trade(s) @ 0.00008110 (day close price) based on 'Hammer' at 04.12.2018 signaled by our "Daily Trading Opportunity".
Total Profit: 2135 pip
Closed trade(s): 0 pip Profit
Open trade(s): 2135 pip Profit
Open Profit:
Profit for one trade is 0.00008537(current price) - 0.00008110(open price)= 427 pip
5 trade(s) still open, therefore total profit for open trade(s) is 427 x 5= 2135 pip
Take Profits:
TP1= @ 0.000125
TP2= @ 0.000146
TP3= @ 0.000178
TP4= @ 0.000229
TP5= Free
Ripple Elliot Wave IdeaAnother theory based on this idea >
As it appears that Ripple loves triangles and triangles are common in B waves we could get an extended correction in the form of a triangle before the next leg (c wave) down.
It's possible B wave is done already as there is a zig zag ABC in there already.
Ripple Elliot Wave IdeaUpdate to previous Ripple ideas >
5 waves up now completed and has already bounced at 0.382 fib level.
It could up to make new highs from here as 0.382 is a wave 2 fib level, however, I think its only A wave, B wave is either still underway or has already completed at 0.5 fib level of A wave, then C wave, either 1.618 of A wave to 0.618 overall, or 1.618 of B wave to 0.5 overall.
XRP - A tail of symmetry and getting rektAs humans we Look for similarities and repetition from a young age; it is a natural learning process which enables us develop skill and knowledge.
I have taken this simple rule and cloned the two most common moving averages - 50 and 100. It has enabled me to filter out the noise of the market which makes this current move look similar to the one my RED arrow is pointing too. However using Support and resistance, BTC dominance and this swish MA clone - the current move checks out to be very similar to the opposing purple box. The green line above was my short entry, cause ripple sucks.
I may be wrong, i've never worked on a trading desk and the first time i looked at a chart was in october however something smells like a trap here.
bounce targets on 1,2,3
new cycle / moon december/jan 2018-2019
Ripple Elliot Wave Idea (Bullish Alternative)Alternative to this idea >
Just checking the chart and it looks like a triangle is forming which could mean a larger degree wave 4 and that previous bullish waves up were all part of the larger degree wave 3.
Zoomed in on triangle here >
I don't have a position in Ripple right now, waiting for a clear direction, break upwards as per this idea followed by correction, or break down as per initial idea and buy the dip there.
Ripple Elliot Wave IdeaUpdate to previous Ripple ideas >
Possibly in a descending triangle as part of a larger B wave (blue waves). C of B (yellow waves) could break out of the triangle and back to the starting point before larger C leg down, either 1.618 of blue B wave, or 1.618 of blue A wave.
I'll be ready to buy around these points if price action looks good as I believe it could be starting wave 3 up soon.
Currently Short on RippleCurrently short. Planning to take profits at target and then let the rest of the position ride out w/ a stop in profit
Accumulating Altcoins Part IV: Ripple (XRP/BTC)Like last 3 charts I posted. Ideal opportunity to accumulate the biggest losers in crypto. This time it is Cripple, probably the biggest trash in my portfolio. Down 70% from its ATH 3 months ago.
XRP is known to pump like crazy when alts rally.
Buy, set and forget. It is charted on a 1D chart so make sure you hold accordingly (aka, medium to long term). Can easily surpass its previous ATH in BTC if Bitcoin keeps dropping.
Cautious traders: STOP LOSS at last fractal: 0.00006900 BTC