XRP - The Power Of ConfluenceThis chart provides with confluent support and resistance lines (parallel channels) that are based on multiple intersections and commonalities so these are the ones that will affect the future trend. Remember - the best levels tend to stand out from other, the less obvious ones. Therefore, these confluent diagonals can be very powerful for finding high probability set ups. Looking for intersections of key levels is an excellent way to stay on the right side of a trend.
This chart also includes important levels of support and resistance based on Fibonacci. So look for those levels and enter a trade when you see opportunities that favour your approach.
Overall - I am hyper bullish on XRP and believe it is a great long term investment. As soon as XRP manages to break above that major downtrend slope - I see the trend becoming more bullish.
J-xrp
Tortuga Indicator V.2 DisplayThis is a Video that displays the efficacy of the Tortuga indicator on the hourly timeframe. I will plan to post videos for 2, 3, 4, 6, and daily timeframes for this indicator. This is merely for anyone interested in purchasing a monthly subscription to this indicator or to anyone who needed more education on how this indicator works or has been working lately.
If you have any questions, feel free to message me. Give me a follow if you like what you see, I am producing multiple indicators.
My published scripts:
www.tradingview.com
Link for the Tortuga Indicator V.2:
Market Cap: Controlled Supply vs. Gigasupply CoinsLeft chart shows market cap of top 10 coins calculated using data from coinmarketcap.com from 28 July 2018
Percentages are share of the top 10 rankings.
Right chart is market cap of same coins calculated as if they all had the same circulating supply as Bitcoin (approx 17.1 million)
This makes it clear why it is absolutely pointless to compare the market cap of gigasupply coins like XRP, EOS, XLM, ADA, IOT, TRX and ETH with controlled supply coins like BTC, BCH and LTC. In fact even Litecoin is a large supply coin with its 57 million coins, but ffs Cardano has 28 BILLION coins and Stellar has 19 BILLION !!!!
It doesn't even make sense to talk about market capitalization for these coins. At the end of the day, if these large supply coins are really cryptocurrencies, we should question why such massive amounts have been produced and of course who really holds them!
<< mean 'much less than'
Xrp on its way down, prepare yourselves to buy.From the diagram above (Xrp/Btc chart) xrp’s all time high was at 22048 sat and all time low at 454 sat.
Before getting into any Xrp trade I prefer taking an analysis of Xrp/btc pair. Using a larger time frame you are able to have a clearer insight of what is likely to happen on Xrp price against all other markets since bitcoin is the dominant cryptocurrency and against bitcoin the dominant market.
Xrp's entry point should be at its all-time low 454 - 2465 satoshi Entry
Xrp’s exit point should be at its all-time high at 16022-22048 satoshi
This zones are points which has been touched twice so far. As a trader with a lot of patience you should make it your habit to enter and exit the markets at points which you have identified as your entry points. It is also necessary to pay attention to other major support and resistance zones. For example from the chart above at 3718 -7129 satoshi.
Against the dollar (usd) or tether (usdt) xrp might reach new aths but against btc it will be very difficult to break its aths.
Only Need To be Right 50% of the Time Ripple (XRP)Risk management is VERY important, especially in crypto. If you don't know how to manage your money you will likely lose a whole lot. Take ripple for example from 4/24 - 5/09. We can see it trading in a sideways channel. Channel simply refers to the area in which the price is contained. It has this sideways rectangular shape. If you don't understand support and resistance levels then read my last post linked below.
So first establish your support and resistance levels.
Next step, buy at your support zone.
Next, sell at your resistance zone.
But how do we protect our money if the price breaks support?
We use a stop loss to automatically sell our coins if it reaches a certain level. Unlike a limit order which can only be set above the price, a stop loss can be set below the current price. We use this in case the trade moves against our favor. Typically I will set my stop loss slightly below our most current support level. Why? If the price ends up falling more than anticipated we hope that it will find support before it hits our stop loss.
Since we can see the potential profit if we were to buy at support and sell at resistance we can ensure that we have a good risk to reward ratio. We need to have a minimum of a 1:1 ratio but ideally we want a 2:1 ratio or more. What these means is we have the chance to make twice as much as we could possibly lose.
So imagine a situation where for every time you are correct you will win $20. Every time you are wrong you lose $10. So you win double what you lose.That's a 2:1 ratio. Lets say out of 10 times you are correct 5 times so 50% of the time. 5 times $20 is $100. So now you have $100. However you lost 5 times, so you lose a total of $50. So your net profit is $50 ($100-$50). Even though you were only right 50% of the time you are still profitable. The higher your risk to reward ratio, the less amount of times you have to be correct. What you should strive for is at least a 2:1 ratio. If your ratio is less than that then considering sitting on the sidelines.
In our XRP situation you can see we have the chance to win 6% if we are correct and a possibility of losing 3%. This is a 2:1 ratio. This is how you should approach channels as well as support and resistance levels. If there's a good ratio and based on your analyse you think it will bounce at support then take the chance and sell at resistance.
How I Identify A Good Project, tags: ADA BTC ETH LTC NEO XRP EOSMy method and key metrics I check before entering a trade or even getting too technical with the chart. You know: Why would we set ourselves up for failure?
I thought I'd share this with my friends, and why not make it public too.
General coin info.
Does the project have a whitepaper and exposed team?
Is the developer still involved?
Is the team socially active?
What is the general sentiment?
Is it trading technically?
General coin information: where is it trading , is it at an all time high, is the website quality, do they have twitter/facebook/reddit, what are similar projects it has to compete against. My preference for this is CoinCheckup and CoinGecko , they also tackle some of my other requirements listed above. Why should we do this? I think it is obvious but, can I get it on my exchange, does it look like work went into the project and the team cares, finally long term who could beat them out- would I pit Orlycoin against LTC- no.
Does the project have a whitepaper and exposed team? similar to above but important enough to call it out. This can be found on each projects website. Check if it is there, read it if you want. In my opinion, if the team is there and a whitepaper exists, the price will reflect their strength.
Is the developer still involved? Evaluating GitHUB code repository. Let's use two examples here, ETH to start . Developer tab CoinGecko , GitHUB Commits , GitHUB activity CoinCheckup . And on the opposite end of the spectrum, SALT lending platform. Gecko and Checkup . Now don't take I am knocking SALT, we would want to check their roadmap to see where they are in their plan, but eventually we want to see developer activity. And for those that have code, we would like to see maintenance and continual development. CryptoMiso is a cool tool to compare activity side by side.
Is the team socially active? Communication is key! Find the twitter page using project site or an index like coinmarket cap. Maybe it's reddit, email or facebook. Are their communications valuable, or are they posting pumps and pictures of pizza parties... Study Gecko's community page, everything is here. Socialblade is a decent alternative, extra work though. Bonus tool, CoinMarketCal - a calendar of events peer reviewed for accuracy.
What is the general sentiment? Sentiment gives a good idea of the market direction current and future. It is how people feel about a project, or per our tool, how computers think people feel. This isn't so much necessary. I guess - be prepared. Here's two. Socialmention and SnetimentVIZ for twitter and mentions. Google TalkWalker if you want a more advanced platform. Some say news drives price, others argue price brings news to the surface, I say both and corporate manipulation.
Is it trading technically? Lastly, how are the charts holding up? When do I get in? I'll be brief here, algorithms. Let me expand a bit. Elliott wave, Fibonacci and probabilities. I want to know why the price stopped and pivoted there, and where will it go?..........
Checkov Formation TheoryI decided to put a little more time into my joke Drawing the "Chekov Formation"
This measures each "Chekov" based on the Transition of the PSAR in time.
I the collected all time periods and calculated an average. The last value is not included-because it is in play.
The average "Checkov" time period shows that a downturn occurs on average of 2.25 days or 2 days 6 hours.
The last value is set at 2.8 hours due to chart settings for observations.
If this theory becomes reality, I would deem myself lucky....or observant.
Time will tell at midnight GMT.
Do not make any directional assessments or movements with this theory.
TRX: In Which Crypto’s will Wall Str Bankers Invest Their BonusCryptocurrencies are here to stay for long. Many experts predict that the year 2018 is going to be a year that will bring excellent wealth to investors trading cryptocurrencies. Coinissimo, the cryptocurrency discussion board, and forum is here to help people identify the right cryptocurrency to invest.
The forum analyses the top cryptocurrency on which people can invest in the year 2018. Most of us remind of Bitcoin when it comes to cryptocurrency. But, this time Bitcoin -5.57% is not one of the top 5 cryptocurrencies to invest in the year 2018.
The forum says Tronix is the best cryptocurrency to invest in the year 2018. The second position is grabbed by Verge, the third one is Ripple, the fourth position is grabbed by OmiseGo and the final position is of Ethereum. But, why Coinissimo is not one among the top 5. The reason is that Bitcoin is too slow and also the high price per BTC makes it a tough choice among the top 5.
The other reasons include the very-high transaction cost and no smart contracts exist. In addition to providing the best guides to people on the best cryptocurrencies for the year 2018, the forum also offers cTokens called Coinissimo Tokens. Shortly called as cTokens, these are not cryptocurrencies that can be traded. But, they are credit systems that the user of this service can earn and spend on the website of Coinissimo alone when the members are active.
This website offers the best guidance for people interested in trading on cryptocurrency in the year 2018.
Find the complete Top 5 Crypto Coins For Bankers at www.coinissimo.com
About Coinissimo:
Coinissimo is a basher-free cryptocurrency traders community. This is a free forum and group to participate to help members make an educated trade to gain better profits. No payed promoters, no nasty bashers, and no spam are other features that make this platform the best for people interested in trading in cryptocurrencies.
For more information, please visit www.coinissimo.com
KISS - Keep It Simple Stupid - Repeating PatternsQuick video this evening to highlight how patterns typically repeat themselves not only within one part but many pairs. Whether in crypto, forex or even in stocks.
I like the acronym KISS - Keep It Simple Stupid. While my charts may look a mess, I try to keep them very simple and clean without any indicators other than price action, a few moving average and support and resistance levels. For me I find this works best for me in determining targets for entry and exits.
I hope you found the video informative and help, if so give me a like and reminder to follow to stay update with my post.
My understanding of the market cyclesThe idea is purely for educational purposes and SHOULD NOT be considered as trading advice.
Based on my understanding of the market cycles I have tried to summarize how the money flows into the crypto market using Bitcoin USD and Large Cap Index/ BTC price as reference.
The large cap index consists of XRP, ETH, LTC, ETC, NEM, XMR - basically large caps which are consistently in the top 15 since 2016 and covers more than 50% of the altcoin market. There are several reasons why newer alts(like BCH, Cardano, Neo) are not considered for the analysis, lack for sufficient historical data being the primary reason.
Moreover, I have seen the market to move in tandem i.e. all altcoins go up and down togeather so the index is sufficient to study the market cycles.
I hope you like the idea. Please share and follow incase you find it useful.
I am also curious about why
battle between #XRP and #BTCInvestors are cottoning on to the fact that Ripple is jostling for a leading position in the new Internet of Money. But very few know what’s going on under the hood. While most are aware of the difference between Ripple and XRP, anything beyond that gets murky.
What Is Ripple/XRP?
On the surface, this is simple. XRP is a digital, decentralised, alternative currency. You can bundle XRP in the same loose family as Bitcoin, Litecoin, Ethereum, and all their distant cousins.
Ripple has created an asset, XRP, somewhat similar to Bitcoin, with a limited supply, which will be reduced over time. External investors and traders make transactions on this instrument. To have an idea you can check on the web for charts of XRP/USD or XRP/EUR or XRP/JOY or XRP/BTC (the rate between XRP and Bitcoin). XRP’s existence is confined to the Ripple system or architecture.
After doing some superficial research, most people have to resist becoming a fully-fledged XRP nut. Individuals in the space compile charts far different from others in the financial sphere. Check out an example here. It’s flashy. Unpredictable. And will leave you stunned.
How Much Do Investors Know?
Most people who are piling money into alt or decentralised currencies have no real clue as to what the underlying technology is all about. So, what’s going on with this one?
If you go and visit the corporate site at Ripple.com, the first thing you see is the sales pitch: “Join the Global Settlement Network… Instant, certain, low-cost international payments”. Informative but not exciting. Then it talks about the Internet of Value. If it sounds like it goes beyond the Internet of Things, it does. By far.
Alt tech and newly invented currencies going well beyond any government intervention is a symptom of the new movement to disrupt everything in sight for the sake of efficiency, but it’s only part of a much wider and infinitely more complex overall picture. We stand here on loose and unpredictable ground that few understand. Many claim to understand it all after simply opening an online account with some shady broker and pushing $10,000 into Bitcoin, Steem, Melon, Radium, etc.
What Is the Dream?
For a startup who received a bit of money in 2012, including from CME Ventures, Ripple isn’t doing too bad. They are now sitting on billions of dollars of value (arguably created out of thin air).
Going back to the corporate site, we can read ‘’Using Ripple, banks can meet growing demands for faster, low-cost, on-demand global payment services for any payment size. The result: new revenue opportunities, lower processing costs, and better overall customer experiences.’’
Faster than Bitcoin, cheaper than any alternative out there, able to easily surpass anything currently in existence and allowing everyone, everywhere, to ensure real-time global payments, worldwide, in real-time. If this is not a script for (financial) world domination, I can’t think of a better story line.
We’re familiar with the Internet of Information – you use it each day to read emails and talk through Skype, etc. You have some knowledge about the Internet of Things, as tech companies push for all their products to be as connected as your smartphone.
Welcome to the Internet of Money. Where money becomes information and energy, sent, morphed, re-shaped, shared, at the same exact moment, in any and all places, all around the globe.
All the major international banks have heard the sales pitch and seen the numbers and in just a few years, they are now knocking themselves over to be part of the adventure. The fact that early joiners experienced cost savings on money transfers of about 50%, resulted in increasing margins and profits, sealed the deal and convinced all others.
(...)
Ripple Trading Tip*The principle to cryptostocks investment is buying in dips .
*Do not spend all your investment on a single purchase of a single asset
Ripple will still shock everyone with its great movement very soon.
Follow your instinct and do not be greedy.
* Don't invest out of a Get Rich Quick Mentality.
Stock growth grows with process, just as a baby is born after 9 months, all things that would last needs time to grow.
*Don't try to push the market, Follow the market.
Kindly add your own constructive tips for us all to benefit.
See you in the Moon.