Xrpbtclong
XRP BTC longFirst stop loss prevented from big losses.
Check last XRP BTC trade idea.
Now we have a situation when we are coming to the top of the channel and top accumulation phase.
There is a high probability that we will start slow rise again if bitcoin will not FALL hard
Personally, i am in position from 0.00005020; 0.00004985; 0.00004943; 0.00004914; 0.00004856
Suggest wait for a retrace or confirmed break out
XRP BTC perfect storm setupClear Stop Loss position and a possible long bull run intact.
Targets still unclear as we did not format possible movement path and all TP now would be only predictions. Will update chart if we move upward.
If we break down, will close my leverage trading and will be searching retrace entry later.
Golden Crossover: XRP Heads for Bullish Chart Pattern"The upward sloping 50-day moving average (MA) looks set to cross above the 200-day MA soon.
That said, XRP is still down 87 percent from the record of $3.30 reached on Jan. 4, 2018 and far from being overbought.
The golden crossover, therefore, may invite chart-driven buying, leading to the next leg higher in the cryptocurrency."
www.coindesk.com
finance.yahoo.com
Siam Commercial Bank, Ripple Multi-Hop User, xRapid User, Digital Asset User, Asian HUB
www.youtube.com
cointelegraph.com
"XRP: This double bottom will melt faces if it plays out. Couple Bullish indicators Im looking at 1.Golden Cross Incoming 2.
Double Bottom Formation 3.Bullish Divergence on MACD . As Long as Bitcoin doesn't dump on us, we could be do for a nice rise!"
twitter.com
BINANCE:XRPUSD
"Bitcoin Builds a Strong Case as ‘Store of Value’
coingape.com
Please consider a like or a follow if this is helpful.
Respectfully, your XRP brother @thomascusack
Btw, The XRP golden cross may bring me riches. But it was an old wooden cross that gave me my salvation and untold heavenly riches!
XRP/USD/BTC is about to breakout.Chart is clear again,all indicators showing it will very likely breakout in days maximum.
*We have falling wedge on XRP/BTC.
*We have a most likely continuation triangle on XRP/USD
*And we reached out the 34th week of downfalling,last breakout happened on 35th week so we are very close to a big breakout.
Ripple against BTC stepping higher on the 1hr TFSince yesterday the market structure for XRPBTC has changed from bearish to bullish.
Price has moved above the moving averages and has been making higher highs and higer lows.
So I exchanged some bitcoin for ripple at the second higher low (see chart) and I will add some more at the current higher low (see chart).
As prices move up I will be moving my stop up. If price will drop again I will be getting out at around my stop price.
I do not use risk to reward ratios the same way as in trading forex and precious metals and as you can see I do scale in and will probably scale out of a position. This is because Crypto currencies are much more volatile.
Also I am trading this on a lower time frame. I usually trade FX on the daily time frame.
So my analysis of the market is the same when trading Crypto or Fiat currencies. However, trade execution and trade management is very different. And also I do not use leverage in crypto trading.
This is not a trade that I log in the samurai trading log , but I think it is worth sharing as it illustrates that the same trading method I use in forex can also be applied to the crypto markets.
Is XRP starting its x13 or more Bull Run within a month ?XRP or ETH, if the explosive bull run of the Alts has begun, in what sequence should we invest in them ?
XRP as shown by @TradingShot started it’s bull run :
ETH just validated its proposed bull run signal starting at 198 ETHUSD :
The last ETH Bull run was a 360% growth from early december 2017 to late January 2018
The last XRP Bull run was 1300% growt from early december 2017 to early January 2018
If the sequence pattern reproduces, XRP rises a full month before ETH ATH, leaving an 88% growth of ETH in the second month.
How do you think those patterns are likely to reproduce in the coming weeks ?
Your links and comments are most welcome.
$XRP Bounce on support incoming? on 46k sats reversal? $XRPBTCKey points:
- Ascending support trend line identified. Due to come into play at ~44,000 sats.
- Higher lows on daily RSI suggests possible reversal of downtrend
- RSI dip below 30.0 mark on weekly chart strong oversold indicator
-Target set below key resistance levels of 60k sats (big even) and ~63.5k sats (first Fibonacci level)
PLEASE NOTE: As this trade was identified on a BTC paired chart, this trade is not intended specifically for USD gain. This trade should be played with any current BTC holdings in an effort to build your BTC value. BTC and USD paired charts are both equally relevant. However, if you have removed all of your BTC holdings (temporarily or otherwise), BTC paired trades are best avoided.
Trade triggered: 46,385 sats
Stop loss: 39,779 sats (13.84% loss)
Trade target: 59,300 sats (28.45% gain)
XRP-BTC fuel filled for launch at Support - Massive upsideBullish Reasons
Chart self explanatory
Entry based on Boll/RSI/MACD or personal entry strategy to maximise gains.
Recommended SL - Below 0% Fib level or based on personal Risk Management Strategy
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If you like this idea, give me a thumbs up. Also have a look at my scripts
AI Lite indicator which populates BUY/SELL signals on chart based on a high probability system
Levels Generator with Fibs script that plots automatic support resistance levels for any timeframe with option to plot manual Fibonacci levels
Levels Generator with Fibs
XRP is getting ready for a breakout.XRP is oversold in the weekly chart. Tom Demark counted red 9 on the weekly and kept counting 5 more red candles. At the moment the price stands on very important support (6108). In the week of October 8, 2018, we have hit the 6108 support and then price increased to 10850. I don't think 6108 will be broken in these oversold conditions. I think we will have a double bottom formation and soon XRP will have a breakout. We can target weekly MA50 level (7598) on our long trade.
Here is my low risk, high reward long term trading idea:
Buy: 6170-6180
Sell: 7598
SL: 5950
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Black Swan crash of XRPBTC Longs = 400% increase in XRPUSDSorry for the clickbait title but I wanted to draw people's attention to an interesting price formation/correlation happening with XRPBTC Longs.
Although previously, Longs have not resulted in a significant rise in the price of XRP, the behaviour of the price of XRP today to these bitfinex longs is very different when compared to historical price movements. Namely, just the other day when there was a 4% correction in XRPBTC Longs there was a also a 17% rise in the price of XRP, simultaneously.
This suggests that to me that, in the short term, there seems to be a inverse correlation between the XRP Price and XRPBTC Longs. So just to speculate a little I do believe a black swan crash in XRPBTC Longs will result in a significant rise in the price of XRP.
Based on a linear calculation I made I do suspect there will be a 400% increase in the price of XRP at some stage in the immediate future. Note: this is based on a LINEAR calculation, if we factor in exponential price movements based on historical averages we could range anywhere up to 38,000% but I don't want to get to excited just yet.
Let me know what you think!