XRPBTC trade ideas
XRPBTC in both a doublebottom & a bullflag pattern on the weeklythe green measured move price target is for if we confirm the double bottom breakout...the tan colored breakout is if we confirm the bull flag breakout...odds arew good if we trigger the double bottom breakout we will in turn then trigger the bull flag target as well. Price action is still currently retesting the double bottom neckline as support whioch increases the probability of a bullish breakout...should we reach the bullflags measured move target xrp will make a 73% gain against bitcoin as well as secure a higher high on the weekly...both would be very bullish developments for xrp.
short term idea for XRPyou can short xrp for short term if it retest our support it can go up then you take long position. If XRP break the support level we can get easily 20 to 30% more droup down in XRP.
Remember
it is a short term analysis so act as short term.
more ideas on this analysis welcome in comment section.
Possible dip in xrp0.00001576 is an important line, it's yet possible for btc to retrace to 18_25
So dip in xrpusdt in my personal point of view is at 0.28_0.4 for spot, for future it's 0.32,
Reply to this idea if and only if you have similar idea,
Otherwise this idea means nothing and it's not financial advice at all
Elliott Wave Analysis: XRPBTC May Retest 2017 LowsHello Crypto traders!
Today we will talk about XRPBTC cryptocurrency cross pair as we see an interesting development.
Well, XRPBTC is down since the beginning of 2018 and we see it trading in third leg C, but wave C is a motive wave and it has to completed with five waves, ideally as part of an ending diagonal (wedge) pattern, which can retest 2017 lows before we will see a bullish reversal.
Something similar has already happened between 2015 and 2017 and if we consider that BTC.Dominance is trading at the lows and strong support, then we would not be surprised if XRPBTC remains in the downtrend for some time.
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XRPBTC - Weekly chart 🌗🌗🌗This is the weekly chart for XRPBTC.
To me it seems that we are in a very big falling wedge pattern. The upper trend line started acting as resistance since 22/01/2018, we have about 7 resistance touches and 3 as support which makes it a valid pattern to me. It will be notable once we can finally see a candle close above the resistance line.
What else we can see is that we are currently in a major demand zone ( blue box)
On the XRPBTC chart we still have a lot of room to move higher , that’s also the case for XLM and LTC.
For every new follower I will add a new idea :)
invest in crypto with crypto over fiatyou can double-dip your USD, first into BTC then into an ALT coin. the ALT will increase your number of BTC and BTC will increase your number of USD.
XRPBTC Ready to Lift OffLooking at the weekly time frame of XRP to the BTC ratio we see the start of the uptrend at 1527 sats and the 2842 level as the accumulation zone that XRP/BTC has been in for over 3 years now.
At the end of 2017 going into 2018, XRP popped off in 28 days and it'd be no stranger if the same pattern happened again now in 2021.
At the moment, XRP is trending around 2842 sats and looks like its going to repeat this same pattern and wick 16860 sats - 1828- sats for a 445% gain.
Every other altcoin has already performed in terms of the BTC ratio except for XRP & XLM. I'm putting my money where my mouth is and taking this trade, i'm already in, and this is going to play out and hit the red resistance zone around 18k sats.
Check the attached chart its the updated Bitcoin Dominance read I just posted where I said the season is almost over for altcoins and that all the billions of dollars in altcoin money is going to flow into Bitcoin and the other leading blue chip cryptos.
The lights are still on at the party , why not have some more fun while its lit.
XRP TO THE FULL MOON | HUGE POTENTIAL | XRPBTC CHART As you can see, we have back tested our breakout. This shiii will EXPLODE ANY TIME SOON!!
XRPBTC - Big Green Candle I’m waiting for that big green candle to come like it did in history!
If you take a look at the chart then you can see that historically every time we touched horizontal resistance we got a huge reaction with big green candles. This happened 3 times in the past and we now touched this support zone for the 4TH time.
What else we can see on the chart is that every time we reached the RSI at around 38 we bounced magnificent and once we broke the RSI at 50 we saw that massive run! If we take a look at where we are now at RSI levels then you see that we are curling up and we are testing that 50 zone. At the same time price action is testing horizontal resistance and if you look further if we break resistance then there isn’t much resistance. And there my friends I think the real run will start.
So we need to break the 50 RSI level + Horizontal resistance!
For every new follower I will add a new idea :)
XRPbtc -- nothing to trade at the momentPrice had a nice move up but met strong resistance at resistance with a severe sell off. Ideally, i wanted to see a rejection here with an easier sell off telling me buyers were still strong. With as hard as the sell off was, i'm not so sure. I'm waiting for more confirmation that this short term trend is going to hold and continue to push through the resistance band.
This is a good trade either way once confirmation is found. Until then, i'm on the sidelines.
Ready For Liftoff?Forming support on what was a multi-year resistance. A 21/50 weekly golden cross is forming.
XRP Road to $10 hopium still alive?XRP also tanked super hard while BTC correct 54%, but considering the fact that its an alt coin it actually ended up correcting 50% from its previous high. The xrp/usd chart looks like it finished some sort of side ways abc correction and the xrp/btc pair held a higher low (for now). If we hold the higher low and start making for higher highs, we may have a decent roadmap to some insane pumps for the coin. BTC doesn't look ready for a new ATH, nor a new low. A 54% correction is pretty significant for BTC and in the previous instances this happened it had multiple weeks of correction move up. I'm expecting some sort of complex side ways correction for BTC for months before any clear direction. If we are to still assume a super cycle or a 4 year bull cycle, we should consolidate and move up. During the sideways price action, I still think Alts have room to run since their narrative is completely different than BTC. Ideally, XRP will hit mid $3 correct, mid $5 correct, and finally hit $10~ before giving up dominance to BTC. The bullish catalyst of a SEC settlement would be the most ideal scenario in the coming weeks to send it up full. The initial pumps maybe in anticipation of settlement with the actual news sending it to $10.
I think XRP will go ballisticThis pull back, retraced perfectly to our trend line. And dropped the RSI from over bought to a good threshold. I have no doubt the 50 SMMA will cross the 200 SMMA any day now and we moon!
XRPBTC - Weekly chart still bullishHello Friends, i hope you all are fine after this massive dump.
It will be a day to remember..
The XRP BTC chart still looks very bullish, we didnt lose the uptrend and retested a major broken resistance zone.
It's important to focus on the stronger names during this times.
Stay safe everyone!
For every new follower i will add a new idea :)
Placing bids for XRP/BTCI’m very bullish for XRP anticipating 300%-500x gains this summer after the SEC case gets settled. Meanwhile I’m placing bids for XRP around the blue line hoping it gets filled over the coming weeks.
