Ripple-btc
🔥 XRP/USDT Potential Break OutXRP has seen some strong bullish candles over the last couple of hours. At the moment, XRP is on the verge of breaking out of the channel, potentially signaling a new bullish trend.
Before entering this trade I'd advise waiting for confirmation of a break out. Higher time frames yield a higher predicting power.
In case of the price failing to break out, expect XRP to fall down to the lower support line of the channel.
In case of a legitimate break out I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
XRP - 4h. The level of $0.28 again plays a key role.After an unsuccessful attempt by buyers on January 10 to consolidate above the range of $0.36-0.38, the XRP market stopped consolidating.
A recent attempt by buyers to organize trend movement and consolidate above $0.31 failed. The critical point during this attack of buyers was the mark of $0.28 , which we wrote about in the previous idea :
The range of $0.24-026 has stood the test of time again and consolidation continues. The new attack of buyers continues at lower volumes than the previous time. Therefore, it is too early to talk about the breakdown of consolidation and the mark of $0.31.
At the moment, the price of XRP again stopped at $0.28 and is consolidating below it. If the price of BTC continues to put pressure on the range of $33400-3400 0 in the XRP market will occur shot to $0.31.
However, the situation is tense and sellers do not need much effort to resend the price of XRP to $0.24-0.26 . Moreover, if you look at the graph of the pair XRPBTC - the triangle formed has almost the same chances of a shot both up and down.
Therefore, for a short-term trade, we expect to fix the price above $0.28.
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RIPPLE vs BITCOIN - Will History Repeat Itself?I find this combination really interesting! Drop - Higher Low - Break - Rally!
For now, the Drop is already done!
The question is: Will this one repeat itself?
We need XRPBTC now to make a Higher Low, then break above the previous swing high!
For XRPBTC to go up, there are three scenarios:
1- Ripple UP, and Bitcoin DOWN (best case scenario)
2- Ripple UP, and Bitcoin UP but with Ripple moving up more aggressively.
3- Ripple DOWN, and Bitcoin DOWN but with Bitcoin moving down more aggressively.
Let me know your thoughts ;)
~Rich
BITCOIN - HEAD AND SHOULDERS TARGETS | CME GAPS/KEY VOLUME ZONES
An extension of a previous idea(s) on Bitcoin's future, as linked below
Given a potential surge in DXY - Dollar Index, Bitcoin's crash may last longer and fall deeper than people expect
CME price gaps are a strong indication of bounce zones as they work like magnets so GAP-1 is the first target
Second target is the high volume zone from the second leg of the parabolic run up where a lot of distribution and trading will occur
Lastly, the final CME GAP-2 will be a longer-term target, forming confluence with head and shoulders price target
An easy, almost riskless investment.To take advantage of this situation you just have to long BTC and short XRP with the same ammount, creating a hedged strategy. If BTC crashes XRP will crash even more, and if BTC keeps going up, XRP will not keep up because of the SEC action against ripple. The only scenario where you loose is if XRP goes up when BTC is crashing, an impossible one. The potential downside is limited and the upside is very large with all the money flowing from XRP to safer BTC.
Will Ripple(XRP) Die?Hello, dear subscribers!
Today we will try to understand what is the next move for the XRPUSDT. It is broadly known, that the Ripple has very negative fundamental analysis according to the last news. The price immediately reacted with a huge dump.
On the right chart we can see two global support lines. The price have already broken down the support 1 level but not confidently. We should be ready of the potential decrease to the the support 2 level ($0.16).
Let's consider the short term analysis. We applied the weekly CPR lines and have the strong evidences that these levels are important. The price bounced of this levels before broke them down. Now the price bounced off the R3 CPR level and start consolidation. If it brake the $0.22 level down the drop to the $0.16 is possible. If the price grow above the CRP R2 level it can be the evidence of the reverse from the downtrend to the uptrend.
Globally, now it is great time for the the long position execution. The price is closed to the last 2 years minimum, but the XRPUSDT looks very bullish because the global downtrend was changed by the uptrend and just negative news, we hope temporary, brought down the price.
#XRP #Ripple #Analysis for long termAfter the news of the SEC's lawsuit against Ripple, acting as a strong negative fundamental, the price has been driven lower with losses of more than 25%. The market HAS ALREADY ABSORBED this news, which could translate into a LONG-TERM buying opportunity for Ripple, as the price has seen an increase in the last few hours by more than 10%, bouncing off the $ 0.30 support.
For those who want to hold a LONG-TERM trade, this could be an interesting buying point at $ 0.35, with a first target at the $ 0.44 resistance and a second target at $ 0.60.
XRP Ripple repeating patterns? Here we can see that not just Bitcoin is repeating patterns (bitcoins fractal i posted Friday played out very nicely). So maybe these things still have real value, but as mentioned in the Bitocin fractal analysis, these things should not just be followed blindly, it needs more.
The support line on the left, in theory could go on for a very long time, since it's a channel, so unless it breaks the channel it could test it's support again. Unless at some point we see a big strong move up and eventually break out of that channel.
I made this chart below yesterday (added the one on the right just now). There is a potential double bottom in the making. It's complete now, except for the breakout and pump. It's at the neckline now, so it should break up and pump towards 0.55 today. From now on, it should not break the first support around 0.505. Also goes without saying, today's low around 0.49 should not break either. But a break of the 0.505ish could already invalidate the double bottom.
So there is a nice setup here, potential to break that big channel with this double bottom and maybe follow the next step of the fractal. The biggest doubt i have (otherwise this would be a super setup to try), is that airdrop XRP had Friday, the one i didn't know of until an hour AFTER it happened. We can assume a lot of people bought XRP the past period to get the free coins, the danger of that could be that a lot of them are selling XRP as well now. The chart says, not likely to see big dumps, but because of the Airdrop, i can't say if the chart is giving false signals. Since it gave me false signals past days, with the daily candle earlier this week for example.
Anyway, range now is, 0.52ish and 0.505ish.
The Bitcoin fractal analysis i mentioned above:
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