ridethepig | XRP Slingshot !!What a terrible week for Cryptos. Markets were in the mood to get out of any high beta positions, XRP was no exception. We also had to contend with month-end portfolio rebalances and excess USD demand. The complete retrace towards 0.25 - 0.24 has led to a series of stops and XRPUSD has managed to find a fresh bid. Central Banks are going to provide respite this week, while the virus spreading and awful data from China will control the ebb and flow.
Coordinated policy response is bullish for all cryptos, I am not sure it will provide more than a s/t relief for cryptos as rate cuts do not really help while large workforces are in shutdown! Remember we are trading perception, it is more important than reality. I would recommend buying on this dip, important to note my risk appetite is extremely negative at the moment... remain nimble if we break the channel!
As usual thanks for keeping your support coming with likes, comments, charts and etc!
Ripple-btc
Let´s learn something today / ETHEREUM / by ThinkingAntsOkIf you want to learn a little bit more about Technical Analysis, this is your post! We will analyze ETHEREUM and see the logic behind what we see.
The first item is the breakout of the Falling Wedge what that means?
It means that from a theoretical perspective, we should have a new impulse proportional to the previous one. Which one? The one that came before the Falling Wedge.
Elliott Who was one of the first guys on using a systematic approach to study the markets saw the next phenomena: after an impulse, a correction comes, and after Correction, a new impulse comes. In this case, we have A (first Impulse) B (The falling Wedge, the Correction of A), and now we are on C (the continuation after a correction). Can we make some projections? Yes sure you can expect C to be Equal to A or you can use Fibonacci Extensions to look for the end of that new impulse.
What about the current Correction?
On every impulse, you will have corrections of a lower degree on them. Elliott noticed that every impulse is composed by 3 impulse waves and 2 corrections (it's a mistake to try to look for this on a specific way on every impulse, is useful as a guide of what should come or where you are right now)
Now we can see that a considerable motive wave came after the breakout of the falling Wedge (that can be A or 1). Currently, we can see a correction very similar to the previous one (that can be B or 2) So now we can expect a new motive wave is coming to be 3 or C.
Ok Great, and how far can it go?
The best way to spot the next stopping point is by using previous levels and see where the price stopped. In this case, we have the Top of the Falling Wedge as a reversal zone.
So we should conclude that the next resistance zone should be there and that must be our first Target of the new motive wave coming and there we should expect a reversal or a corrective structure ( a corrective structure is a formation in which the price stoped makes a certain pattern and then continues)
Great and how can I trade this?
Here is where most people fail to trade their analysis. Either they lose money or lose the opportunity.
So what can we do? What you can do is to expect the current formation es clear enough that you can say, "Oh, I see the edges of the structure is extremely clear. After that, you should wait until the price is on the upper trendline of the corrective structure. There expect a Breakout and then a pullback to the broken structure. "Congrats, that is your spot, there you can develop your trade with your Entry-level above the first breakout and your stop can be below the pullback or in the middle of the whole Correction. And your Target? The resistance zone we explained to you before. There, your Risk Reward Ratio will be 1:2 approx, meaning that you will make 2 times the amount of money you were risking.
We hope this can be useful guys any question you can do it below! Enjoy
sentiment changes too quickly - Still Bullish IMOtrend lines speak for themselves -
falling and contracting - pullback finishing wave 2
longer time frame shows bullish divergence between RSI lows and price lows from the beginning of wave 1 last month.
patience --- RSI is oversold on all timeframes and almost oversold on the daily
if emotion is removed - this is a higher low
XRP - ELLIOTT WAVES (POSSIBLY SECOND ROUND) - ENJOY
IF THE PRICE WILL BREAK THE TREND LINE OUT THE CHANGES OF A SECOND SEQUENTIAL OF ELLIOTT WAVES WILL BE VERY HIGH.
SEE BELOW THE PREVIOUS RELATED IDEA WITH 4 GAIN TARGET ✅✅✅✅💪🏻
LET'S SEE WHAT WILL HAPPEN!
PLEASE HIT THE LIKE BUTTON IF YOU AGREE WITH OUR IDEA... ENJOY! 👍
Bad Lil Vibe $XRP $XRPUSD $Crypto
Weekly (zoomed out)
Looking at our higher timeframe we see XRP is currently flirting with our previous support that lead to the 2017 bull run. This week we saw the price go from $0.28 as high as $0.35, stochastic rsi showing momentum is in favor of the bulls and is looking to cool down.
Weekly (zoomed in)
Taking a closer look at our higher timeframe we see the price has not closed above our previous lower high on Oct 21st at $0.2990. A close above this level indicates our downtrend is over and XRP should continue towards the upside. This week's move to $0.35 was just a sample of what XRP is going to do.
Daily
Shifting over to our pattern timeframe we see XRP was rejected on multiple occasions at our $0.35 zone, stochastic rsi showing momentum is shifting in favor of the bears. Expecting price to continue to retrace towards our dynamic support around $0.25. Previous attempts to break $0.35 show price always retraces towards our $0.24-$0.25 zone before making its next move. We know price doesn't always exactly follow previous price action history but it tends to be similar. No signs of entry just yet.
4Hour
Finally looking at our trigger timeframe we see XRP had a nice drop from $0.30 as low as $0.27, however since then has had a radical rejection from this level. Stochastic RSI showing momentum is showing a possible breakout in momentum and we could be seeing a parabolic move. A 4hour close above $0.2970 activates our trade and we should continue towards the upside, otherwise expecting the price to continue falling towards our $0.25 zone.
XRP to follow DASH for major move - breaking 2 year trendlineI used an overlay of Dash's price movement on top of the XRP/USDT price chart.
As you can see, both have been moving pretty much in sync, with XRP lagging from time to time.
XRP/USDT is against these major resistance points
- Range low resistance (of the wyckoff I posted earlier)
- 2 year long trendline resistance
- Daily 100 MA
- Weekly 21 EMA
It seems that if we can break this area, all major resistances will be breaking at once.
XRP/USDT appears to have made a wyckoff accumulation schematic (see one of my earlier ideas here: )
and is now trying to reclaim the previous range. If this reclaims we it means that the accumulation is confirmed and this would be the biggest accumulation period that crypto has seen thus far. Long accumulation means diminishing supply and major price moves.
XRP needs to break 0.25cents and close above it in order to reclaim the range, if it succeeds in doing so, I believe we can expect a major price rally.
Technical analysis
XRP has been really choppy lately and producing unclear price action, zooming out helps clear the noise in t he chart.
Seeing the wyckoff accumulation post I posted earlier it is likely that we reclaim the range and break the downtrendline/falling wedge below
Monthly currently forming bullish engulfing on support
Weekly closed as a higher high
XRP/BTC first higher low on the weekly chart possibly forming a double bottom
Weekly MACD crossing bullish
BTC dominance made a head & shoulders pattern and retested it bearish. Looks like there is alot of room for BTC dominance to decrease here
all in all XRP has been lagging in price with most majors but looks ready for some major movement if we manage to break here.
TIme for some relief on Xrp/UsdXrp/Usd Update
After a -44% downtrend it looks like Xrp manage to get some ground and now broke the triangle.
From here we should start seeing a relief rally, i expect around 26% to re-test 0.24 that was a big support.
Rsi is back up, Macd is now flying so let's get that pump!
Here's my idea:
Portfolio Risk: 5% Leverage: 10x - 25x
Long: 0.187 - 0.191
Sl: 0.18
Target: 0.233
Thanks for reading this, if you want to discuss or fallow me feel free to click on the link below, you will be re-directed to my private group.
setup for XRPit's been a while that i wasn't here and i wasn't updating.i apologize about that. i don't know if you know or not, the internet was shut down by the government in iran and after that event i was depressed!
so here we go:
we have a impulse wave starting from 0.175$ to 0.198$. i used fib relationships for time and price and i'm guessing something. my guess is that price will reverse on 2:15 UTC today 20 Dec to where wave 2 or C to be at-least equal to wave 1 or A.
so it is good opportunity to long this market with leverage. i would love to put a stop-loss bellow the 61.8% Fib level around 0.18$.
summary:
margin Long
EP : 0.185
SL : 0.18
TP : 0.206
Reward/Risk : 4.36
where to take profit on this sh'tcoin, my most rekt TA coin!My personal opinion is, this one will be a real digital money, it's most manipulated coin ever on market.
Most of my xrp TA are rekt, maybe this one is also wrong.
But, don't sell to cheap your coins.
Maybe in few years, each one is 10$ ;)
Now, low volume for any huge jump on it.
$XRP / RIPPLE wave starts tonight?! FRACTAL. XRP / RIPPLE wave starts now!
Finally after 600+ days of bearmarket we can see that the new short alt run is coming!
XRP looks so great. Last week i also posted a chart. But this chart is more explained.
We are on the same point of march 2017. Where the short hick-up started.
Tonight the weekly close wil be so important. Maybe the last time to buy pretty low.
Im not sure if we can test $3.58 but XRP has a lot of fomo power. once started the fomo kicks in and boom..
Realistich view : $20 dollar XRP? Probarly not. XRP around $2-3 range YES why not?
Maybe XRP is the leader of the alts and it could activate a FULL altseason/ bullrun.
After the run. Maybe in December linked to my previous post, we can see BTC back in business!
We are following this closely. Set your notifications because it is very unexpected!
Goodluck you all! i hope for nice gains. But keep it realistic guys.
Share this and dont forget to like and follow me.
Also leave your idea behind.
XRPBTCXRP looks to be moving the dominance needle all by itself. This means that whatever hell is about to break loose(bullish or bearish)is going to be manifesting itself in XRP most likely. It hardly had any retracement against BTC last night like the other ALTS did which makes me believe there is strength along with the bull flag that is obvious on the 4hr chart. If the dominance chart IS showing weakness at this time then this means that XRP is about to have a legendary pump like the ones we are use to seeing as a harbinger in the ALT market. That being said there are other alts that have better setups with less risk but because this is moving the dominance needle all by itself I think it is noteworthy.
God Speed,
Mr. Manbearpig