XRPBTC, Wyckoff accumulation, or giant descending triangle ?

Updated

Complementary study of my xrpusd and btcusd studies

Also note that we are also looking at a giant cup & handle lasting two years. If you sold long ago xrp, it might be time to put it back on your watchlist. Elliott wave analysis also has a biais toward bullish scenario. Time analysis has a bearish biais
3 - 2 for the bulls

Wyckoff accumulation. We are waiting for "Spring". The longer we need to wait, the more bearish.
Black vertical line is the time limit for it to trigger.
Blue thick line is uptrend from last year

Touching 0.000104 and then going back down confirms the descending triangle, going much more above (0.00012 targeted) and holding above 0.000104 is a confirmation of Wyckoff

d.stockcharts.com/school/data/media/chart_school/market_analysis/wyckoff3/wyckoffaccumulation.png
You can see the pattern. We would be in "phase C"
However, be careful, ETHBTC trapped a lot of people with a similar pattern (at 0.07 btc support, during last year)

Note

XRPBTC just entered the potential Spring reversal area. Watch closely for a reaction

Note

Very bad reaction

downside reached a 80% probability. Meaning even if xrpusd goes up, it is more likely having BTC will be a better deal in the medium term. Still expect a huge upside from xrp to 0.00035 and above, but this target now seems in a far future (2019?)
Will make a new XRPBTC very long term analysis as soon as bitcoin starts a new trend (above 12900 or below 8000)

I will put alarms until march 11th at 0.00009100 btc level to see signs of reversals, but biais is bearish

Note

Probably the "exit pump" for those who didn't sell yet.
Look at pink lines & arrows

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I am personally now out of the trade
Mid term is still bearish, and I will buy back if we get a good reaction in the next day

For those who missed the #xrpbtc / #xrpusd run, please take a look at stellar lumens #xlmbtc #xlmusd ( also called #strbtc #strusd on some exchanges)
Its fundamentals, founder, and business plan are very similar, and they often follow each other in bull runs, like they did right now. However...The XLM / XRP chart suggest that xlm will soon once again outperform XRP.
So if they can keep uptrend against btc ( meaning IF xrpbtc closing today daily above 0.00009100 - 0.00009200 btc), I advise to consider switching to XLM instead for a greater % yield

Note

bullet dodged as expected :)
Scalpers can get back to work if they know how to daytrade falling knives, but long term traders should only reset their 0.000092 alarm and wait or focus other alts

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scalpers are in 4% profit

#xrpbtc holding above critical bearish confirmation, with a decent 0.78 fib bounce, but nothing impressive
#xrpusd landed on uptrend, and is waiting for btc's approval
Risky traders (not investors) could try a buy (or holding the scalp) with a 0.00008250 or 0.00008050 stop loss for the dead cat bounce or trend reversal

Trade closed: target reached

Scalp closed at 8660 for 2.7 additional %
Will wait better entries and BTC's move. I consider this idea closed, with the bearish situation in play

Stay frosty

Note

xrp suspiciously strong. Keep an eye, time is almost up but fight is not over (11th march is deadline)

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Remember my March 5 chart, which is my longtime xrpbtc map from end of 2017. We just ended a gann cycle, and are at the "watch reaction at yellow line" spot

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right after i updated with "watch reaction", xrp pumped hard

Now, I believe something else might happen soon, once more. I'm not taking positions yet but i did put back XRP into my alarm and watch list

Nidalas

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