Xrp-btc
Bitcoin, Eth, Xrp: Are you bottoming buddies?Hi traders,
You all know that cryptocurrencies are generally following the trend of their master, Bitcoin.
When Bitcoin goes up, not every cryptocurrency goes up. But when Bitcoin goes down, every cryptocurrency goes down.
Cryptocurrencies are Bitcoin, and Bitcoin IS cryptocurrency.
These 3 charts, are showing extremely beautiful bursting bubble patterns, believe me you will not see such brutal up/down parabolic charts that often in your life. Normally.
We can see that Bitcoin seems kind of not close to bottoming if we follow the standard Bubble chart phases, especially if you compare it to the Nasdaq Composite pattern.
But.
Paradoxically, Ether and Xrp, seems to be close to a potential bottom, which is surprising.
This means there have been some delay or different type of rallyes (Xrp only started to truely rallye, Btc and Eth rallyed in may, but Eth had a slightly longer bullish period of time than Btc, explaining its larger pattern).
They did not truely follow the exact moves of Bitcoin.
This is very interesting, because IF Bitcoin is not bottoming, this could mean that the possible bottom values of Ether and Xrp could be less dramatic than the Bitcoin possible bottom, as there is not a lot of room left to go down, unless these coins reach a value of 2016 or early 2017, which could be dramatic for some Hodlers.
Nota: The structure of these crashing patterns is so much parabolic from the rise to the down, that their value could reach extreme lows if bad Fud keeps on regulary appearing in the news.
Basically, their crashing structures allow their own value to possibly go extremely low.
I am especially concerned about Xrp, as its pattern is almost just 1 single giant head and shoulders harmony, which could mean it has enough structure power to put Xrp value... very close to zero.
We can also see that Xrp started its rally after Btc and Eth, and is already deeper in its crashing phase, as it already destroyed its own rallye trend line and is well below it.
Maybe Xrp is giving us a possible trend that Btc, Eth, and other major alt coins could follow.
It is just theory, but it is possible.
Good luck and may the force be with you.
XRPUSD (Volume Analysis Prediction 3/04/2018)Ticker: XRP/USD
Exchange: BITFINEX
Signal: mid-term @Long
We see that the whole market as a whole began to grow
XRP has overcome significant resistance and if the price is kept higher,
we will see continued of growth.
The location of the next strong resistance (zone 0,56 - 0,58)
allows to open a long position with a good risk / profit ratio
But the final reversal has not yet happened, be careful
Entry point: 0.535
Stop: 0.516
Target1: 0.574
Target2: 0.595
XRP back to base camppivots.
bounce points.
only one way from here for this bank coin, Squarepay nor CNBC could bring this MOT failure back to roadworthy condition anytime soon.
Short buy/sell/reload targets in white boxes, patience with this one as its trapping many a bag holder on the way down.
enjoy
XRP Elliot Wave...What do you guys think?Wow today has been a rough day for me......Would have loved to have shorted but was scared even though the signs were out there. I have been in this same situation before. It goes down and i dont short. Then, while we are at or close to bottom, I start trying to play around with a couple of coins only to get stuck buying in later at a higher price. (I think they are watching me!)
Question. The first run up to 3.50 I assume can be wave 1 of Elliot Wave which would put us at wave 2 or 3. If we are in wave 3 that means bottom has already been met @56 cents.Which would be great cause wave 3 is impulse wave up and is (usually longest wave.)
If we are still in wave 2 we can still go down from here because it would have to be lower than 56 cents!?!?
I guess that is the million dollar question.
I am leaning more towards wave 3 because I feel like wave 2 is usually shorter than wave 1. But at the same time the way the market(S) are going I feel like there is more downside. Id love to see what you guys are thinking
Kindest regards
Ripple , Another buy opportunity for XRPBTC in a new buy zone !!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. as long as bullish exit in daily chart or daily RSI is not occurred, The uptrend will not begin.
.The RSI is at 38.
Trading suggestion:
Price is in the Buy Zone (0.00009 to 0.00006), we would set orders based on Price Action 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 "Hammer" or "Trough" , 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:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks).
Take Profits:
TP1= @ 0.000125
TP2= @ 0.000146
TP3= @ 0.000178
TP4= @ 0.000229
TP5= Free
XRP/USD BITSTAMP ROUND SHE GOES NOBODY KNOWSSo this is really just to get enough points so I can start chatting on tradingview and also I have been trying to learn how to count Elliot Waves. Im thinking (and hopefully Im wrong) that since Feb, 6th 2018, where we bottomed out around mid 50cent range, that we have had a 5 wave count. I have seen other posts that say that we are still in the 3rd. Im hoping they are right because I am hodler and would like to see 3 be big and strong and appreciate a great deal. the yellow horizontal line has seen numerous amounts of support/ resistance/ consolidation and I'm thinking if we break below.......well I dont want to talk about it cause I dont have the balls to sell right now but 97ish and if that does not hold mid 80's. On the upside huge potential. On the Gann wave Im thinking 2.15 to really be clear of downtrend status but in more near term future on fib 1.34 to get back on uptrend channel and after that 1.55............This is def. not trading advice......My first chart blah blah blah .......go gentle or give me free TA lessons...........and Points!!! so I can start chatting
XRP/USD BITSTAMP Round she goes nobody knowsSo this is really just to get enough points so I can start chatting on tradingview and also I have been trying to learn how to count Elliot Waves. Im thinking (and hopefully Im wrong) that since Feb, 6th 2018, where we bottomed out around mid 50cent range, that we have had a 5 wave count. I have seen other posts that say that we are still in the 3rd. Im hoping they are right because I am hodler and would like to see 3 be big and strong and appreciate a great deal. the yellow horizontal line has seen numerous amounts of support/ resistance/ consolidation and I'm thinking if we break below.......well I dont want to talk about it cause I dont have the balls to sell right now but 97ish and if that does not hold mid 80's. On the upside huge potential. On the Gann wave Im thinking 2.15 to really be clear of downtrend status but in more near term future on fib 1.34 to get back on uptrend channel and after that 1.55............This is def. not trading advice......My first chart blah blah blah .......go gentle or give me free TA lessons...........and Points!!! so I can start chatting
XRP/BTC - UAE Central Bank Block Chain Partnership Announcement I am slightly shocked that there are very few charts dealing the latest announcement with Saudi Arabia's Central Bank signing a partnership deal within the last 24 hours. This is a MASSIVE bull FLAG as an early indicator; especially given XRP's prevalence of professionalism and partnership with major global banks. This is huge in my opinion. My chart may not be reflective of actual movement, as it can be so difficult to ascertain future price movement when such big news comes into play. For this reason, I am coming from a more fundamentalist point of view, with a few technical indicator and techniques used to add validity however; i expect a mammoth spike in price, with a HUGE bull run, and incredibly hard to predict,
I feel at this moment; historical candle trending combined with levels of support, resistance and fib levels, amalgamated with fundamentals, is the best way forward for now to get a handle and prediction on anticipated valuation on what WILL be a significant price break out.
The last pennant highlighted in red continued on to a bearish trend however; the current trend, is staying within the larger pennant with the exception of a few candles leading astray out of the pennant, only to quickly return. Again, there a signals EVERY where. Do not MISS this/