Ripple-btc
RIPPLE - LONGMAS ALLA DE QUE BTC ESTA POR CORREGIR, XRPH EN ESISTENCIA FIRME, A LO SUMO HARÁ UNA VELA ROJA PARA LIQUIDAR LONGS.......
Y si no te gusta c............. bien la p.....
Ripple Daily Dose 3/14/19XRP is quite different than any of the other cryptocurrencies. The sentiment for XRP is bearish in my opinion. Because XRP has showcased that has decouple a while ago, relying on price movements from Bitcoin and Ethereum will not provide as much meaning as say, the relationship between Ethereum and Bitcoin. That being said, there are some critical tests that XRP has not satisfied for me to be considered bullish. First off, there was a major rejection at the 38.2 Fibonacci line and the pattern right now seems like a bearish continuation. Until we can break $.40, I am not considering to trade XRP. It is entirely possible that we have bottomed out, but I am more confident in trading the above coins for now. There was an 8% drop at 7:15am this morning but it wicked extremely long so that we are currently in a range. This is an indication of uncertainty between bears and bulls.
$XRPUSD - Lower Trendline TestedJust a quick update....
The lower trend-ine of the symmetrical triangle is being tested at this moment. Watching this live there appears to be some momentum, but it could also just be a bear trap. That said, all the other major cryptos are also down for the day.
If I wasn't already in at 0.31, I would be jumping in here.
$XRPUSD - Last ChanceI haven't posted a chart in a while now as there is no trend, and my particular analysis style requires a trend. That said, the last 4hr bar rebounded right off the trend-trend line I have been watching for a while now so I thought I would point out this Triangle formation because both sides of it have been confirmed multiple times. A break of either side should be a very strong signal and indicate the new trend.
You can also see reactions to the Monthly Pivot and the HA Monthly Pivot. I think its entirely possible we could clear R5 within the next month so I am not using these as trading levels until the trend develops and is confirmed.
With the constant bounces off the .30-.31 range we have a very solid support level that would take catastrophic news to break through imho. I believe the bears are exhausted and the market is on the verge of a new bullish swing north.
For the record I have a 0.28 position from quite a while ago, a 0.31 position from December, and another 0.31 position from a couple weeks ago. This does affect my bias of course
Xrp trendline broken and potential bounce to continue downwardsWe have currently broken below the ascending trendline and retested with a bounce confirming we are most likely going to go lower. Another scenario is we break through the decending trendline moving upwards. Keep a close eye on XRP as i believe big moves are coming our way.
Ripple ....mehwere going down , not enough volume, and were still correlated to the entire crypto market, plus the ripple corporation is extremely shady with the partnerships they are making and whether or not they will be using the xrp token or just another ripple labs type of tech that has practically nothing to do with xrp.What are your thoughts on ripples utility? please share in the comments below thnx!!!!!