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Ripple-btc

$XRP - Wave 5 - Confluence of Resistance 0.52-57We are now in Wave 5, and as I write this, maybe the end of Wave 5 and the higher degree wave. This is a very cluttered chart, so let me go through a few things. There are a bunch of yellow lines that I usually dont have on my charts. These represent support/resistance areas in the past. The thicker the line, the farther back it goes. The solid ones represent resistance areas and the dashed ones represent support ones. As you can see, in this 0.5 range there 6 of them. Also in the first 1/3 of this range is the HA(R1)... AND, while not plotted here, there is also a 200 EMA here also. I got back in last night around 0.43 and got out at 0.53. What this means is that I missed a 0.04 range of profit... hopefully I dont repeat that here. However, it is important to take profits. Remember, this is Wave 5 with a 4H RSI at 94 currently, and the Daily RSI at 82. This would be a great area to retrace a bit before the next push up past 1.0. That said... market sentiment is EXTREMELY BULLISH and it could go to 1.0 today, I honestly have no way to predict the end of this, but when it comes.. there will be a sharp fall as it corrects, so be prepared.
BITSTAMP:XRPUSDLong
by Exsilium
$XRP - Bull Run Continues - Wave 3 Target 0.39-40After a complex correction wave, held down by the descending trend-line from 9/1, Wave 3 shoots through the Monthly Pivot and the grouping of resistance at the 0.35-6 level. This is a very bullish in my opinion. This should set Wave 3 up for a 1.272 extension ending around 0.39-40 at which point is also the (P+R1)/2 line in addition to the HA Monthly Pivot. The Descending trend-line above will probably cap off Wave 5 for a retrace back to 0.36.
BITSTAMP:XRPUSDLong
by Exsilium
2
$XRP News Spike - Reversal? Target 0.35-6Open Order: none Open Position: Long at 0.285 (buy-stop triggered) This morning it was announced that the Saudi's National Commerical Bank will be using RippleNet. This is is a big deal and the 15% jump in price reflected that, triggering my buy-stop at 0.285. This news, and the reflected jump in price, changes everything near term. All counts are now invalid. I think as the American market wakes up this morning we will see continued rise in price, but first its within reason to expect a retrace to the 0.382 fib at 0.29891. This would put the next leg at 0.352-0.367. There is significant resistance at 0.347-0.354 to break through, and if we do break through that I think it would signal a bullish reversal. Beyond that there is a confluence of restistance sitting at 0.392-0.41 in the form of pivot points and a descending trend-line from May '18. A break of this would be a very. big. deal.
BITSTAMP:XRPUSDLong
by Exsilium
$XRP Bearish Divergences and Formation PlayOpen Order: buy-stop 0.285 Open Position: none Yesterday I noticed a bearish divergence in both Fisher and RSI (purple). There was some chance for a push up so I put in a buy stop order at 0.285 as a breach of the short-term resistance trend-line (green) could have seen a push to 0.31 or higher. There is medium-term support between 0.245 and 0.255. A breach below there should see 0.23 which is my initial buy target. If this is the start of an impulse wave, we could easily see that target as it is just over the 1.0 fib of the last impulse wave (fib plotted).
BITSTAMP:XRPUSDShort
by Exsilium
1
$XRP Bullish Diagonal Triangle - Wave 5 to 0.23? - Perfect FibsYesterday we saw Wave 3 complete within 0.00016 of Wave 1 1.272 fib extension at 0.25903, and Wave 4 hitting 0.50 fib. Technically speaking, Wave 4 should not retreat into Wave 1 area, but every now and then a fake out happens, or a bunch of orders get triggered which can make it poke momentarily into Wave 1. I do not consider this instance a violation requiring a recount. This could be problematic for Wave 5 making it to my original target analysis of 0.23 the because typically only either Wave 3 or Wave 5, but not both, extend. To make my target, Wave 5 will have to extend to 1.272 fib of Wave 3. Its entirely possible, just technically more difficult without a new impulse wave forming. However, if we look at the higher degree wave formation, its Wave 1 1.272 fib would end at 0.22421. Remember, the current lesser degree Wave 5 1.272 fib sitting at 0.23366. Can we call that providence? The correction Wave 2 of the higher degree formation is complex which usually means the next correction wave will be simple, an ABC (flat or otherwise), so keep that in mind. I have a buy order at 0.23238. My plan here is to look at an exit at 0.26-27 to set up for another entry under 0.20. That said... I also see the potential for the reversal, short term or otherwise, starting at the end of this wave, probably heading up to 0.34, so Ill be manually closing the next position. There is a bullish diagonal triangle formation in play. This could cause significant problems for the bears. Usually this is something you look for at the end of an impulse wave and if my count is correct we are in Wave 3 of the higher degree formation. This count is difficult because of the amount of time we spent in a sideways movement, but no matter how I look at it, I cant see Wave 1 starting any further back. Just keep a close eye on this triangle. If the green line breaks it should be a significant indication of near-term bullish sentiment.
BITSTAMP:XRPUSDShort
by Exsilium
$XRP Pause Before 0.23We just finished Wave 5 and are currently in a correction wave. This correction wave hit the 0.382 fib perfectly and is currently range bound in a potential WXY formation. Bitcoin (BTC) and Litecoin (LTC) is currently down 4% and, with the downside potential remaining, there is a high probability of them dragging Ripple (XRP) also. If we extend the larger degree wave out to the 1.0 fib, we end up at 0.22902 which is right between the Monthly S1 and Monthly HA(S1). The correction wave is currently limited by the Monthly (P+S1)/2 Pivot and the 0.382 fib of the larger degree wave, but it could in theory go up to 0.307 where the Monthly HA(P+S1)/2 sits, though I highly doubt it due to the current fear level in the market. I am currently out of the market, with one of my buy orders filled at 0.26862 last night at 0.26862 (this was the 1.0 fib of Wave 3)and selling at 0.27583 for a quick 3% gain. I did pull the trigger a little quick on selling as I set my limit order at the 0.382 of Wave 5, not of the higher degree Wave.
BITSTAMP:XRPUSDShort
by Exsilium
$XRP Long Awaited Drop Is Happening!Two weeks after I exited my position at 0.31601 to re-enter at a lower level I finally am vindicated as price drops to 0.30 overnight. We can expect a retrace up to the 0.31 level, the 0.382 fib of the recent drop. Its possible the retrace will be limited by the HA(P+S1)/2 level at 0.307. Normally I would expect the (P+S1)/2 level to provide short term support, but due to the length of last nights move I don't see us pausing there as it would violate Wave 3 rules. Below here its entirely possible we could see wave 3 ending at 0.265 with the end of this move down ending at 0.22-0.23.
BITSTAMP:XRPUSDShort
by Exsilium
$XRP Resistances Broke - Dont Get TrappedThere have been a number of formations broken to the upside over the last 24 hours, including bearish formations such as the Ascending Triangle. There is a confluence of resistance here at 0.354 with the descending trend-line from 6/3 which has been touched 4 times since then making it a pretty strong resistance trend-line. There is also the horizontal resistance area at 0.354 from 8/19 which was again tested on 8/21 which preceded a drop within 24 hours to below 0.31. Beyond the trend-lines sees 1H RSI in overbought territory and the 1H Fisher is in territory that historically precedes a sell-off. It should be noted that the 4H RSI has also crossed into overbought territory this bar, but there is room for 4H Fisher to move. On the daily level we are neutral from the extremely oversold territory that was hit back in the second week of August. I am still bearishly biased as I exited a position at 0.31601 and am currently looking for an entry lower, targeting 0.20. The counter to my bearish bias would be a break above 0.37 which would mark a new high on the daily chart since the yearly low. Even a break above 0.354 could be seen as bullish, but I would be careful of a fake-out there without some sort of correction from this level to 0.34 which would be the 0.382 of this move starting two days ago.
BITSTAMP:XRPUSDShort
by Exsilium
$XRP Ascending Triangle Limits Bullish PushYesterday evening I posted a chart in which I called for a break up and down due to the Symmetrical Triangle that had formed and the extremely tight range. The momentum I had thought that break would cause was limited by what is now an Ascending Triangle, and the larger Triangle beyond that. As I write this I can see some momentum picking up to the downside, but I dont see us breaking below the Ascending Triangle yet without another bounce between the two sides. To be clear, the Ascending Triangle is a bearish formation. That said, we have recently witnessed formations that break opposite of standard analysis. I am still out at 0.31601 (dashed line) and am looking to re-enter lower, much lower. This does affect my bias, so I should mention a close above 0.334 could be seen as a bullish sign, though only a minor one as there is resistance above starting at 0.37. In one of my earlier charts I had noted that the 0.33 support level was strongly supported... and then it broke down. That in turn made that level resistance which we see playing out over and over here. As far as counts go, with this much sideways motion trying to nail down a usable count is a futile effort IMHO. If we follow the flagpole down were looking at 0.30 for an initial target, though I am looking for a much lower entry point.
BITSTAMP:XRPUSDShort
by Exsilium
$XRP Undeniable Descending Triangle - DENIEDLast night the price broke upward through the descending triangle unexpectedly. This is the problem with chart formations like this; while they normally do one thing or another, there is a chance that the opposite happens, and last night it did. Part of this push upward was due to one of the exchanges shutting down for maintenance. At the very moment the servers shut down the price shot up, part of an obvious manipulation of price. The trick here is figuring out what the purpose of that manipulation was. Bull Trap? Maybe. Reversal? Maybe. Either direction will require confirmation with the bulls needing .37 broken, and the bears needing 0.31 broken.
BITSTAMP:XRPUSD
by Exsilium
$XRP Undeniable Descending Triangle - Target 0.21No support/resistance levels or Elliot Wave analysis today. I want to focus on one simple thing, the Descending Triangle over the last three days that terminates in one day and very likely will break down today. In addition the bullish trend-line (dotted line) from 8/13 broke down yesterday. Here's the funny thing; I exited my position at 0.31601, which... forms the bottom (dashed line)... so there's that to consider. Initial target would be 0.30. This is the Monthly S3 and price has reacted to this level several times over the last two weeks. The HA Monthly Pivot is 0.28 which the price has also reacted to over the last week, but less so than 0.30. Below that, and my ultimate target is the 0.20-21 level. This lines up with the 0.786 fib as well as the two half-Pivot Points (dashed purple and orange).
BITSTAMP:XRPUSDShort
by Exsilium
$XRP Correction Target ReachedThe correction target I called for three days ago has been reached. We broke just above the 0.382 fib of the last move downward at 0.31857, as well as the 0.786 fib of Wave A. There is still room for 0.33 and I see indications of some buyers still in the market at this level. I will be looking for an exit today with the goal of buying in again sub-0.25. A 4H RSI break down would be a good signal that we are resuming the downward trend. The danger of exiting here would be if this ABC was in fact a reversal into a new Impulse series. A break above 0.3582 could be seen as a signal of a reversal. I will update this chart when/if I exit.
BITSTAMP:XRPUSDShort
by Exsilium
$XRP Daily Indicators Lowest EVER!!!Wave 5 has most likely been established at 0.245. That is the 1.0 fib of Wave 4, and is right above the Monthly S4 Pivot Point. Assuming that Wave 5 is complete, this correction wave should retrace to between the 0.382 and 0.5 fibs at 0.319 and 0.341 respectively. If this correction wave is a typical ABC, expect 0.32 -> 0.26 -> 0.34 formation, then a leg down to 0.21. There are bullish divergences on the 4H chart, both on the Fisher indicator as well as the RSI indicator. This also indicates Wave 5 is complete. If the price pushes to a new low, extending Wave 5, I expect we will see 0.20-0.21. This lines up with both the Monthly (S4+25)/2 PP, and the Monthly HA(S2+S3)/2 PP. However, this would leave Wave 3 the shortest in the series would would invalidate the count altogether. History teaches us that when the masses all agree on one direction or another is the moment at which the direction changes. I find myself in a capitulation moment here (no, im not liquidating) from a bias point of view. That said, the daily indicators across the board are in bear territories not seen in the entire existence of XRP. The D Fisher is in an area I mark for for-sure buy points, and the D RSI is sitting at 19, the.lowest.point.ever. I am looking to try and capitalize here to get in a little lower, but I fully expect a major rebound soon... ish.
BITSTAMP:XRPUSD
by Exsilium
$XRP Bulls Aggressively and Repeatedly Defend 0.33I want to switch gears for a moment and take a look at the larger picture. Since the beginning of Ripples' data (on Bitstamp) the Daily RSI and Daily Fisher have never been this low. Simply put, there is no room for more price declines at this level without at least a few days of upward movement. I am NOT saying to expect a trend reversal, there is simply no confirmation that is happening. Zooming into the 15m chart there is very clear evidence that the 0.33 level is being defended by someone(s). On four separate occasions there has been a jump up once this price level is reached, not a gradual reversal that shows bears running out of steam, but something taking a defensive bite. Its worth noting that this level is also the (S1+S2)/2 level (0.331), and right below it is the HA(P+S1)/2 level at 0.327. Can we go further down... of course. It isnt a question of can we, but what are the odds of. In my opinion a recovery is due, the daily chart demands it. Disclaimer: I am biased as having bought a ton of XRP at .48 and again at .44, plus I got a chunk sitting around .70. At no point will I sell my position at a loss, I am in this for the long term. So yeah, its easier for me to see upside than downside, but even so, technical analysis is hard to argue against.
BITSTAMP:XRPUSD
by Exsilium
1
$XRP Perfect Rebound of 0.786 ext into Impulse Wave 0.36-37Normally I would only do one chart a day, and update that chart with additional charts and comments, but the change in direction is significant enough to take another fresh look... The chart I posted this morning did a fake out, hit 0.786 extension of Wave 1 (A) then very quickly reversed with a significant push upward. This would appear to confirm the completion of the ABC correction wave and the start of a new Impulse wave. Initially we would be looking at 0.37, both the 1.272 fib of the higher degree Wave 1, and HA S1... but non-HA S2 is sitting just below at 0.36, also the 1.00 fib. A break above 0.3582 would be required for Impulse wave confirmation. I have a bias to the upside based on my own significant investment into XRP. I must then look for a contrary signal to my bias, which honestly, is pretty easy right now. There is significant probability we are in an ABC higher degree wave, and this would be the C wave. The completion of this C wave would then follow with a push to 0.30.
BITSTAMP:XRPUSD
by Exsilium
$XRP Mixed Signals - Expect 0.30 - Possible Upward Wave 0.42I zoomed in farther than I normally do here because I need a better foundation to find wave structures and being flat so long finding the right 0 is tricky. What I suspect is happening is we are in an ABC correction of this last major push down. The chart you see here is the underlying structure of that ABC, which itself is made up of a combination of Impulse and Correction waves. I have noted the fib levels of each wave which I use to validate wave count. We could have just ended Wave C which would begin Wave C of the larger degree and would push higher, or this is the end of Wave 4 which would begin Wave 5 and would see 0.33 again. Even if we push higher here we could just form a flat ABC so the recent high would be the top before the major push down to 0.30. I have A LOT of money in XRP right now so I am biased to the upside, but even with that bias I dont see upward movement just yet... soon... but not yet. Daily RSI and other Daily indicators put us in a seriously oversold position which is untenable for much longer. Yesterday and today have helped correct those values a tiny bit, but if there is a push down again within the next day the correction up will be much sharper IMHO. As always... this is not trading advice and so on.
BITSTAMP:XRPUSDShort
by Exsilium
3
WILL XRP GO UNDER 0.4 USD? Ehi guys, this is Busywithcrypto, today we'll talk about ripple. We can see like we're now in the 0.4 zone, a really crucial zone! we need now to think one moment on the current situation of the entire market. Ripple is at 0.4 and btc is at 7000. Now i think BTC will touch the 6000-5000k zone so where will xrp go?? I think if btc will go that low xrp will go to the 0.28 usd zone, but not lower than this. If we will touch it will be a GREAT GREAT OPPORTUNITY!! Ripple has a resistance in the 0.5 zone like you can see from the chart, and i think we will not touch this another time if we will go to 0.28. If ripple will stay in the 0.4 zone than we will see some resistance in the upper movement in the 0.5 zone, then 0.68 and the real big resistance in the 0.8-0.9 area! BUT FOR NOW WE NEED TO STAY FOCUS ON A DOWNSIDE MOVEMENT! This is all for now, have a good day guys, see you later!! Follow us: twitter: twitter.com instagram: busywithcrypto Telegram: t.me We're here to share our content for free, support us sometimes :) ETH: 0x22e1176cA87C6CBa224d8de0f5E892a7Bd1409ea BTC: 193KFu1CXmwTcZWusGNv2XCUYQMkZbGevp DENT: 0x22e1176cA87C6CBa224d8de0f5E892a7Bd1409ea LTC: LSYmoADYJYjp2TNQ4zrVScqm42qtM3z1he
BITSTAMP:XRPUSD
by BusyWithCrypto
1