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Ripple-btc

$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
XRP swing tradeFinally starting to see some signs of a potential bottom on Ripple. I see 3 buy signals on 12hr and an easy place to put my stops. My buys are down to local bottom, stop is a comfortable distance below. Daily is still technically in a bearish trend, so this is a premature trade idea based on what I see starting to happen on low time-frames and what I expect to happen on higher time-frames, low R:R on stop for me. A possible position is outlined on the chart to show you the R:R I am talking about, even with an entry at current price. We are also inside the range Core has previously mentioned. Time frame on this trade is 2-4 weeks. If recent bottom fails to hold this is a fast exit for me and I will look for a new setup. Lower time-frames are showing consolidation. Open targets for the moment, but I will update. This is a journal of my own trades, I publish it for educational purposes only.
Long
by Nevermorejk
6
Target 0.56 - Again...Sideways movement is exceedingly difficult to chart, so I took a step back and waited for the market to make its move. The last real movement up we were looking at a target of 0.56. Everything is lining up for another test of that level. This is an important level as it has provided both resistance and support over last several months and, assuming my wave count is accurate, this also lines up as the 1.00 fib of Wave 3. The current price could retreat to the 0.50 level to hit the 0.382 fib of Wave 3. We are right on the monthly pivot here at 0.53. It is entirely possible it will oscillate around that level, but since Wave 3 stopped just short, it provides enough room to break through it on the next push (Wave 5). Price could extend all the way to the HA Monthly Pivot, which is also at the (P+R1)/2 level. Wave 5 can sometimes be the extension wave, though Wave 3 pulled out a 1.272. Technically this could be Wave 3 of the higher degree Wave structure, but I dont have enough data to confirm this yet. If we extend to 0.56 I will be very prolific with updates, looking for an exit point to get out of my 0.48 trade, looking to re-enter around 0.49-0.50. =========== As always, this is my personal observation and analysis of the market and is not intended to be trading advice. I can be, and have been, completely wrong in my analysis. I am not trying to identify a trend; a 5 year old can do that. I am trying to maximize XRP holdings by catching the waves as soon as possible. So, while anyone that identifies a trend can be right 100% of the time, finding those tops and bottoms is difficult and prone to error, but by and large I can increase my XRP holdings steadily.
BITSTAMP:XRPUSDLong
by Exsilium
3
Target 0.56 - Impulse Wave Underway - #XRPcommunity $XRPHappy Independence Day America! I was looking for a new entry point yesterday and ended up putting in a limit buy order at 0.48489 which was the 0.5 fib and it got filled. Price continued to go down into Wave 1 territory which was concerning. Wave 4 is not supposed to go into Wave 1 territory but can "slightly", which it did by about 0.008. The underlying structures have since played out. A pretty reliable stopping point will be the Monthly Pivot point which is at 0.53204, and just so happens to match Wave 1 distance perfectly. The problem I have with this currently is that having plotted two lesser degree wave structures I dont see it stopping there as it is currently printing. As more bars print Ill have a clearer idea. Right now we are on Wave 4 of the Subminuette degree, which is inside Wave 1 of the Minute degree. Because Wave 3 is not supposed to be less than Wave 1, its hard to see it any serious pause at Pivot. I know this gets confusing so Ill post the 1h and 15m charts below. I will update here and Twitter when I have relevant updates. =========== As always, this is my personal observation and analysis of the market and is not intended to be trading advice. I can be, and have been, completely wrong in my analysis. I am not trying to identify a trend; a 5 year old can do that. I am trying to maximize XRP holdings by catching the waves as soon as possible. So, while anyone that identifies a trend can be right 100% of the time, finding those tops and bottoms is difficult and prone to error, but by and large I can increase my XRP holdings steadily.
BITSTAMP:XRPUSDLong
by Exsilium
Target 0.56 - Correction or Impulse - #XRPcommunityYesterday I plotted a Wave 3/C target as 0.52361 and price hit 0.51978, very near that target. The trick now is to figure out if this is Wave 4, or a new Wave 1 down. My entry point was going to be at the 0.382 fib of Wave 3 which would be at 0.49312, but there are a few things I am worried about and want to watch for confirmations before I buy more here. BTC was limited by the Monthly Pivot, dead on. I hate using BTC analysis to justify my XRP analysis, but I simply cannot ignore that BTC influences XRP still. The other concern about BTC is that it hasnt really retraced at all from yesterday's high of 6667.57, just poking the 6571.23. 4H RSI on BTC is also pretty high but last bar dropped below over-bought. 4H Fisher just turned down. Id want to see the reaction to 6512 before I made a new buy decision. I think BTC retracing to its 0.382 could drag XRP down to its 0.50 at 0.48489. Now heres the really interesting part. Either we just ended the ABC correction wave, or we have are on Wave 4 of a bullish impulse wave. EW Theory says that Wave 4 cannot retrace into Wave 1, which would be below 0.45411. The 0.50 retrace of Wave 3 would still be above that point, so an entry of 0.485 with a stop just below could be a good entry. As noted before correction waves can be problematic, with 21 potential variations, Doubles, Triples, etc. There was also a descending trend-line that also seems to be a limiting factor for XRP, though not as strong as the trend-line above it which is currently around 0.70. I will update here and Twitter when I have a clearer buy signal. =========== As always, this is my personal observation and analysis of the market and is not intended to be trading advice. I can be, and have been, completely wrong in my analysis. I am not trying to identify a trend; a 5 year old can do that. I am trying to maximize XRP holdings by catching the waves as soon as possible. So, while anyone that identifies a trend can be right 100% of the time, finding those tops and bottoms is difficult and prone to error, but by and large I can increase my XRP holdings steadily.
BITSTAMP:XRPUSD
by Exsilium
3