XRP - Cryptos in Capitulation!!!Hi everyone,
A flash crash going in to total capitulation is not what we expected - this was very hard especially for inexperienced traders.
Bein over leveraged is suicide in these cases, hence this was a catalyst to this flash crash.
The overall trend still looks bullish (I'm still super bullish), it's very horrible price action but the ABC correction wave is playing out.
On the daily we have to see a reversal pattern playing out to confirm the bullish trend: some kind of V shape pattern.
Weekly chart shows that XRP is holding key supports!
C Wave could have finished, maybe an extra leg down but to be seen - excellent buy opportunities.
On the monthly chart we see that with fractal analysis we expected this crash followed by consolidation:
Kind regards,
Noel
Xrpusdanalysis
XRP, Ripple - false breakout has happened. What's next?Yesterday, the price made a false breakout oh key level 0.8883 and bounced from it. Now the best scenario for Ripple is building a local trendline with squeezing to it. If it happens, it will be a good pattern for a breakout.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
XRP - PRICE is KINGHi everyone,
We've discussed a potential ABC correction a couple of time also the potential invalidation.
In this case we might see a pull back to the EMAs what XRP did in the pst before reaching it's AHT.
Chart says everything -» price is king, not the news.
EMAs, support zone, RSI & fractal all match.
Targets: 5, 10 and maybe above - see you there (eventually).
Kind regards,
Noel
The Only XRP Analysis You Need: Part 2, Cheat SheetObviously this is a little bit more elaborated than the past few charts I've been posting, but that being said, XRP is still following its Wyckoff Pattern to a T.
The lines are estimates and obviously in no way accurate representation on the exact price and date that these moves will happen.
Bitcoin is supporting ETH as it goes through it's 3rd quarter of its Wyckoff Pattern, at 4th quarter ETH will take a bite at it's new all time high, and I would assume Alt coins will follow and do their rotations afterwards
Wyckoff Patterns usually lasts for years but with crypto market and the "4 year cycle" narrative in play, the patterns are obviously going to be on steroids so trade with extreme caution.
If you have any questions, feel free to comment and I will try to answer them :>
Ciao
10 year consolidation for XRP ?------- 𝗗𝗜𝗦𝗖𝗟𝗔𝗜𝗠𝗘𝗥 -----
𝗧𝗵𝗶𝘀 𝗶𝘀 𝗻𝗼𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗮𝗱𝘃𝗶𝗰𝗲.
𝗗𝗼 𝗻𝗼𝘁 𝗯𝘂𝘆 𝗼𝗿 𝘀𝗲𝗹𝗹 𝗯𝗮𝘀𝗲𝗱 𝗼𝗻 𝗮𝗻𝘆𝘁𝗵𝗶𝗻𝗴 𝗜 𝘀𝗮𝘆.
𝗧𝗿𝗮𝗱𝗲 𝗿𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗹𝘆.
-----------------------------------
Everything is a rich man's trick.
Take a look at $XRP chart below and compare the two peaks. The second peaks (one from each cycle) are forming an almost IDENTICAL symmetrical triangle. I can't show it very well but go ahead and take a look yourself (go to trading view).
In the first cycle, there was price suppression until one day, OUT OF NOWHERE, BOOM ! Price skyrocketed 6000%! CAN YOU STOP for a second and THINK why out of the blue it did that?
Fast-forward to today, people are thinking oh my god this is going to $589, we will all be rich, YAY ! Then nothing will happen, SEC or not, and you will be in consolidation for another 4-5 years.
And then BOOM price will go from .31 to $178 in a matter of days, and you will have sold everything because of how emotional you are.
The Only XRP Technical Analysis You'll Ever Need, Part 1Here the cheat sheet for all of you. This is obviously far from done and will try to make more elaborate and specific charts with detailed explanations. But for now I hope this chart will give you the gist of what is about to happen. Please note that the days are estimate and in no way an indication that it will happen on that specific dates.
Let me give some context. The market is manipulated by different institutions and players who knows what they are doing and they are making it look like it's all done by a single person.
They are using the Wyckoff Method on Bitcoin, Eth, XRP, and other large cap cryptos to fleece uninformed, desperate, and easily influenced retail consumers in this market since it's pathetically unregulated.
I have outlined the quarter of the first half of Wyckoff Method that XRP is going through. Since last year. Eth is about to begin the last quarter of mark up rotation of its Wyckoff Method in a few weeks or perhaps days. Bitcoin already finished it's full rotation of Wyckoff Method and that is why Eth is next.
Bitcoin leads > Eth > Large market caps including XRP
You can use this method on Eth and Bitcoin and you will notice that they all follow the same pattern, but different times. I could explain to you why but it would take more explanations.
Y'all owe me dinner. :>
Ciao.
XRP lethargic trading draws closer to 130% liftoffRipple’s consolidation between $1.2 and $1.6 is still underway. The massive weekend losses in the cryptocurrency market affected Bitcoin and Ethereum the most as XRP embraced support at $1.3. However, the bearish wave sabotaged the intended upswing to $1.6; thus, a correction kicked off on hitting the resistance at $1.6.
Ripple prepares for colossal price action to $3.5
The cross-border token exchanges hands at $1.52 after stability returned to the market. More importantly, XRP trades at the apex of a symmetrical triangle. This pattern has both a bearish and a bullish impulse.
Two trend lines form the symmetrical triangle, connecting sequential peaks and troughs. As the trend lines converge, the asset tends to consolidate. A breakout comes into the picture when the price strikes above the upper trend line. It is validated by an uptick in trading volume and has an exact target measured from the triangle’s highest to lowest points.
For instance, if Ripple breaks above the triangle’s upper trend on the four-hour chart, it could swing 130% north to trade a new all-time high of $3.5. Meanwhile, the Relative Strength Index (RSI) validates the gradual upward price action by extending its movement above the midline while closing the gap to the overbought region.
The Moving Average Convergence Divergence (MACD) shines a light on sideways trading, suggesting that it would last longer. The uptrend toward $2 will become apparent as soon as the price settles beyond the seller congestion zone at $1.6.
Ripple intraday levels
Spot rate: $1.52
Trend: Bullish
Volatility: Low
Support: $1.3 and $1.
Resistance: $1.6 and $2
Ripple- 2.5 is the technical targetThis correction for Bitcoin found Ripple consolidating, if we look at the bigger picture, and every new low for Btc had a higher low correspondent in ripples' case.
If we were to make an analogy with recent development in Eth price, we can expect a similar outcome...
In my opinion, with selling power lifted from BTC, a break of triangle's resistance is imminent and 2.5 is the technical target
1.2 si very strong support at this moment
Puppies And Pizza ManifestoPuppies and Pizza Manifesto
Let me clarify that this writing is NOT intended to be financial advice NOR a F.U.D., so feel free to take it as you may with whatever information I will be giving to you. I hope that this will give some of you peace of mind and clarity with what’s going on with the crypto market with all it’s volatility and drama.
Let’s begin.
Part 1
The world is made of patterns, and once you see those patterns you will understand.
Crypto price moves up and down because of small and large forces. If you identify those forces and what influence they have, then you can use them to trade WITH the market and predict their movements.
Musk tweets, crypto dumps. Breaking news of a partnership by your favorite crypto, crypto goes up. But what if I tell you it’s more complicated than that? That there are things going on in the background that most people do not know, even those who have been here since the beginning. Like what happens when your dog was supposed to go to the moon, but actually crashes. After a few days you find out on the news that huge investors actually shorted it. Let me give you some context before we go down the rabbit hole.
The Wyckoff Method
The Wyckoff method is a technical analysis approach for navigating the financial markets based on the study of the relationship between demand and supply forces. Wyckoff recognized that the stock market back then was unregulated and extremely manipulated by certain investors to fleece retail investors who are uninformed and those who operate the market in a simple psychological sense. He died in 1934, the same year S.E.C. was formed. Yup.
This method can be used in the crypto market to uncover intentions of super traders, who can also be referred to as “Whales”. These crypto whales are expert traders/institutions who know what they are doing and are great at what they do.
If you google an example chart of Wyckoff Method and compare it to the daily chart that Bitcoin is currently in since the beginning of February 2021, you’d be surprised how identical, accurate, and planned everything has been. You can also see the Wyckoff method in 2017 bull run, and 2020. Which is invisible to most people who don't know technical analysis.
What does this all mean and how are they related to what’s happening in crypto?
I will tell you.
The crypto market is completely and extremely, without a doubt, manipulated. Period.
Unfortunately, the crypto market has been pathetically unregulated ever since its inception, because it’s new and evolving and yes, even now with all the attention that it’s getting from different governments and institutions. If you pair that with easy and huge profits, you better bet that people will abuse it.
These people/institutions prey on the uneducated, uninformed, and people in desperate situations. They know you the way advertisers know the psychology of their customers. You can keep telling yourself that you can’t be their subject because you have done enough research and that you can outsmart the market. But you’re playing the game that they built, and you’re under their rules and systems whether you agree with it or not. You can be cute and tell everyone about your chump change profit that you made, but in reality most people will lose their money, savings, and be in debt because they treat this market like a casino, especially when the mania phase begins. I KNOW HOW IT FEELS. To be in a desperate situation especially with how the pandemic is hitting everyone, mentally and financially. I know what it feels to see a glimpse of hope to turn your life around. I know. Trust me. You have all my empathy. But I don’t want you to get wrecked because of that same hope.
Wherever huge amounts of money is involved, the scummiest and the greediest people in this world will be at it. Whether be at Wall Street, Banks, Politics, and Crypto.
This might be a red pill that’s hard to swallow for most people who have been here since the beginning and some who are new, so you’re free to take it or don’t. It’s completely up to you.
That being said, not all is dark and gloomy. I believe in the technology of what blockchain will bring, and know that once the dust settles, everything will make sense. I will repeat what I said in the beginning, that the world is made of patterns and once you see you will understand.
Maybe I will post more about this topic and elaborate about specific things in the future. Who knows.
Ciao.
XRP holders, I'll tell you a little secret.XRP is forming an inverse head and shoulder pattern to confirm change in trend, if we stay under bought for the RSI within the next few days, then we'll most likely break out towards an uptrend this week, we'll test previous resistance and turn them to support until we hit the all time high, once we hit all time high, we will be in an uncharted territory and could only use sentiments, news, and Fibonacci retracement moving forward, which indicates around $8 and the psychological $10 new all time high, until people start taking profits and we get a huge correction around June 10-15 (Q3 Corporate Income tax).
The market will see a major correction of this bull run around -50% to -70% and will most likely shake off the weak hands on the month of June.
The market will go in consolidating phase for few months. Here are the gists of what will happen.
-Around July 15, we will see the bottom of the correction, where we will then slowly rally and test resistances.
-We will see an uptrend rally and break previous resistances beginning of August until the very end of the month.
-September 1st Q4 Corporate Income Tax Correction 20-35% correction.
-October (correction bottom around the 15th) to November Consolidation
-December rally 1-25th, MOON
-January 1st, Mars
💡Don't miss the great buy opportunity in XRPUSD @Ripple
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.4485).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 1.6361
TP2= @ 1.7649
TP3= @ 1.9619
TP4= @ 2.0798
TP5= @ 2.6238
SL= Break below S2
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