XRPUSD Market Structure AnalysisHere is my idea about the XRPUSD based on my trading system.
hope this helps and I'll be happy to hear about my mistakes!
Xrpshort
XRP, A 'Buy' at .26 - .27 centsLots of signs of a coming reversal for XRP, but it might be probable to think there would be one more sell off before price really starts to turn. I personally think we will see XRP at .70 cents, but I'm not risking a buy in here as there are no clear signs of a 'bottom' yet and still see that bearish divergence playing out some more. I am waiting for regular bullish divergence on the daily time frame to hop in for a long position. And a drop to .27 cents would likely print this bullish divergence. We already have hidden bullish divergence printing, but a drop would invalidate it and then hopefully give us regular bullish divergence for a 5 wave completion and then an ABC or WXY out of there for a bullish reversal. Volume agrees with this as sellers are losing interest in selling anymore - this is a big key indicator for me to notice bearishness dying off, as a reversal will happen soon as people accumulate. Now we wait for buyers to get that price they want to engulf remaining supply and start an uptrend. We have retraced quite a bit already, so it's not a bad idea to cost average buys in - you can't get the bottom perfect every time.
Let me know why I am wrong, I would like to hear your guy's thoughts as that will help me look at it differently. Consider giving me a follow! Send me a chart request to do.
Stay safe out there, wait for low risk / high reward entries. I am not a financial adviser, I post this for personal use and don't recommend anyone use me as a buy or sell signal.
XRP USD : Buying opportunity Once BTC bottoms out!Hello guys,
Another daily update, this time on one of the top cap altcoins XRP.
It doesnt matter how strong the support is laid for any altcoin, as long as BTC is falling all supports for
altcoins are negated.
Best buy zone is pointed out in chart, which I thing must correspond to BTC bottom.
Also checkout my previous ideas:
Follow me for more signals
Cheers!
7-15-2019 Is this endgame for ripple?What better way to introduce myself, RippleMaster, to you than by a chart of XRP bull market. cheers all.
XRP to Zero in the next few monthsXRPBTC pair have broken the support line and closed below a critical breakdown level.
This suggest a big dump is incoming.
XRP looks very bad to the point where if it didnt go above my stoploss with a good volume, chances are it will go to zero in the next few months
$XRPUSD sees dbl bottom and parabolic upswing$XRPUSD is long overdue for a correction and we are seeing bullish divergence making an entry for a quick short position looking better with volume confirmation to follow. Trade set at neutral as it is too soon to tell for a long position could unfold. Time will tell.
Stop loss is present. Trade carefully. Will update with more info later.
Disclaimer
This is not financial advise nor should be regarded as such. Always invest carefully and make your own decisions with your own money. Have a great weekend.
AM I THE ONLY ONE THAT SEES THIS H/S?Am I the only one that sees this head and shoulder completing on the Daily timeframe?
XRP - detailed elliot wave count (5/14 - 6/19) and projectionsKRAKEN:XRPUSD
Let's look at this potential elliot wave count, beginning 5/14/19 thru today 6/1/19. Note the RSI bearishly diverging, setting up sizable corrections. These are some of the signals that catch my eye, prompting me to enter high probability short positions, with tight stop losses.
My projected targets:
This is NOT financial advice!
MY KEYS FOR SUCCESS:
Look to trend lines for support and resistance and WAIT FOR CONFIRMATION.
When I review a chart, I start on higher time frames, and work my way down to the 5 min chart. It's VERY IMPORTANT to keep the bigger picture in mind. Always.
Diagonals have proven to be very reliable signals for me.
ALWAYS have a stop loss planned out, and manage your positions! Personally, I've found success starting with 1/2% to 1% stop loss with AT LEAST a 2:1 win ratio.
When in an active trade, I will look for waves and patterns to adjust my stop loss to PROTECT MY PROFITS.
Once in a trade, I NEVER increase my stop loss beyond 1%. When (not if) I enter a bad position, I'd rather lose 1% and re-enter in a better position than increase my loss potential.
Although I play both, short positions appeal more to me than longs. I am bullish long term.
Like, leave your feedback, and good luck trading!
Ripple - at the edge of the cliff #2Hi guys. As you can see price action of the XRP is squeezed more and more to the apex of the huge descending triangle (blue). Breakdown from this triangle pattern (more likely) will be lucrative short opportunity as price targets lies on 0.13 and critical 0.06 support. Breakout (unlikely) will be retest of the 0.40 resistance. Take care!
-DP-
XRP is in BIG DANGER (SELL SIGNAL ON WEEKLY)Everything you see is on the chart. Big tilted Bearish H&S Pattern on weekly chart. If support is broken one day, expect HUGE SELL OF ON XRP... Share, comment, press like and subscribe.
XRP FORMING A FALLING WEDGE? +40% OR A FAILED FORMATION?Good afternoon ladies and gents. Today I bring to you a XRP/USDT chart on Binance. On a daily chart I see a falling wedge forming? Correct me if im wrong but these bad boys break upwards, sometimes. BTC/XRP pairing is known for going against each other as one rises and pushes the other down, well, today we are not talking about BTC. Rather, XRP has been losing value on LOW volume, that tells me theres a bullish move incoming in my opinion, again, correct me if I'm wrong.
A Falling wedge. The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam.
XRP has been quite boring in price action and its due for an impulse move to the downside or to the upside, if you were to ask me, Im longing this, set stops accordingly to your risk reward ratio liking! GG to all traders!
Entry: .2950 - .3150
Target: .4107 - .4242
XRP "Short" Going Back To Retest Longterm - My First PostDear friend,
Welcome to Bta's analysis of the day.
After seeing how XRP is going and i've been winning a lot of my trades, I would like to show some insights of where XRP may be going.
On the first insight I predicted
imgur.com
First off XRP is showing a strong resistance line around 0.3417. Breaking the trendline and going back to retest the resistance line shown in the picture. I truly believe it will go back to 0.323-0.326 for the day to retest our long term trendline. I have resistance zones, so you can put a stoplost above there to ensure less risk.
Looking at the 1H Chart it has been closing under the 100 EMA, so there will be heavy resistance there. The buy volume is slowly decreasing showing that the bulls aren't as strong.
I have already plotted two zones one resistance zone at 0.33800 and my support level will be around 0.326
In the short term "praying" at the end of the day we will be going back to retest 0.326 and then hopefully have a bounce from there.
If you want to learn more on how I get in-depth you can follow my youtube channel at: www.youtube.com
Starting next week I will be posting my trades and psychology of whats making the price go down I will explain why Bitcoin will be going down to 1200.
You can also follow me on instagram - @thecryptocurrencyspot
Or if you want more details, you may go to short webclass on how I made a 7-figure crypto business from scratch: thecryptocurrencyspot.com
