Ripplebreakout
XRP/BTC: Pure DistributionIt can be seen that ripple has had a double top, which is noted in the chart in light blue. This form of double top is known as an Adam and Eve double top with a V top for the first one and a massive rounded top for the second one. The rounded tops or bottoms are some of the strongest most reliable patterns because they indicate a long duration of either distribution or accumulatio (with this case being distribution). The price objective which can be seen as the light blue arrow is a conservative one with a minimum price objective of around 2000 satoshis, (it can be noted that I did not accurately measure this to create an even more conservative price objective).
In addition, I indicated the current support and resistance as the green and red box, respectively, it is important to note how weak ripple is right now because it was unable to reach the breakout price of the double top which was about 6100 satoshis.
XRP doing a bullflag. Pump soon possible, but how high?XRP is doing a bullflag, which is a few weeks long, so we could see a pump starting at some point in July. But it could still drag on for a while.
The question is of course now: Will this be the big one like some XRP shills like to draw here on tradingview?
My opinion is: No.
The big XRP pump will start when BTC starts making new ATHs, thus, when BTC is at 25k, 30k and more.
Then XRP will do the very large pumps, at least it was like this during the last bullmarkets, and I don't see a reason why XRP should now suddenly change
its price dynamics.
I see XRP pumping to the 1 USD region however, this year. It's possible we hit 1 USD, and then decline back to 50 cent, and range for quite a while, until the real pump starts to north of 10 usd in 2020-2021.
However, if BTC really should do the gold chart that I posted, and go to 20+k in 2019, then of course XRP might also go well beyond 1 USD this year.
As always, it again depends on bitcoins performance. But I like to remain more cautious about stuff, sometimes even too pessimistic, as seen with bitcoin the last months.
But the real interesting action with XRP will start when BTC hits the 100-200k area. Then it will be quite insane.
Until then however, I see XRP only doing smaller pumps.
ripple is about to explodeI have been longing this coin for a while now, hope this move happen before July so that my position do not get closed automatically by Bitmex casino.
On Balance Volume (OBV) vs Price of XRP MASSIVE Disconnect!If we take a look at BITFINEX:XRPUSD we see that we are currently sitting at around 10% of the all time high in price.
When we compare this to On Balance Volume we see that we are currently sitting at 75% of the all time high, this is a MASSIVE disconnect!!
On Balance Volume measures the net inflow vs outflow of money into an asset, as we can see in the last pump that BITFINEX:XRPUSD has there was a HUGE amount of money that came into the asset, all while price only moved a little in comparison.
WHAT DOES THIS MEAN?
It means that there are some HUGE bulls buying Ripple, these same bulls do NOT want the price going up meaning they are in accumulation phase..
It also means that there is not a lot of money leaving BITFINEX:XRPUSD and the same can probably be said for BINANCE:XRPBTC
there are just not many sellers interested at this level.
I would keep a close eye on BITFINEX:XRPUSD moving forward as there are obviously some very rich and powerful people in on this coin, and when they want something to go up.. it goes up.
Ripple's Bollinger band squeeze marks big move incomingWe've not seen modest sized weekly candles on Ripple being squeezed this tight since 2016!! Big move incoming relatively soon. It doesn't mean buy now, it means to watch it closely, set alerts and take an interest. If crypto pulls back over the next 2-3 weeks Ripple may give up a little more giving a really nice entry point towards the bottom of the Bollinger Band.
Give uncertainty a kick in the pants!
Judd Armstrong
CryptoniteTV.com
XRP (Ripple) When Breakout Sir...!!#XRPUSD (Bitfinex)
Looking Awesome In Bigger Timeframe..So Keep Your Eyes On It.
Triangle Breakout Pending..
Buying Point & Sell Targets Mentioned In Chart..
June Will Be Good For XRP If BTC Remains Stable & Above 6600$ Area..
Hit Like Button For Appreciation..
Thanks For Your Time
Ripple Getting ReadyXRP has been underperforming compared to BTC for all of 2019. On April 2, a sudden sharp sell-off increased the decline to an even steeper rate than beforehand - this level of about 7540.5 sats is an excellent midpoint candidate and suggests we'll bottom soon with brief spikes possible below the 4358 sats level.
If this plays out I suspect it'll mark a turning point for many alts to outperform BTC for some time since BTC has had a good solid run lately without many alts following suit.
So, its now or never 4 xrpee imo. All the bad stuff that couldve happened 2 xrpee, has maxed out imo.
Were seeing constant butchering of sat value.
The only way xrpiss is maintaining its value is thanks to the rise of bitcoin, thats elevating the $ value of this asset(liability),
So My call is - Long now, its now or never for Schwarz.
My Average entry is higher than the market price.
Gluk 2 us all and may the fsm take care of us.
Possible bull flag formation 1hr timeframe. Observations:
Daily:
Bulls showed strength today as you can see by the volume and as well as the candle currently forming in the daily with no lower wick, demonstrating bulls controlled the day from the very beginning (We can call this a bullish belt hold in my opinion)
1hr:
Possible bull flag formation.
Support .35500
Resistance .37999
Currently watching equilibrium forming within flag, the break will give us a better idea where the market is heading.
Game plan & possible scenarios:
Moderate risk:
Entry at pole break .37999 (Top box depicted in the chart)
Moderate risk in my opinion given the amount of fake outs we've seen in the past, also would be buying at the top of the current channel that we are trading in.
if this trade is taken, I will only enter with a small position(10% to 15%).
STOP LOSS: set below 1hr support at .35500
Moderate risk:
Entry at bottom of the flag close to support .35500 (2nd green box depicted in chart)
Moderate risk in my opinion, given that we are close to the support.
If this trade is taken, I'll be entering within the green box (25% of my total position), and watching the equilibrium. A bear break will have me exit the trade, a bull break will probably have us retest or break .37999
STOP LOSS: Set below 1hr support.355000
Low risk:
If support .35500 breaks, theres a chance we re test the bottom of the channel (3rd and last green box).
Low risk in my opinion, given how close we are to the daily support.
If this trade is taken, Ill be entering close to daily support with a stop loss under it, given that is low risk my position will be bigger(50% to 75% of capital allocated to this trade)
Disclosure:
Please keep in mind that this are simply my ideas on the market, I am in no way shape or form qualified to give anyone any financial advise. All I'm looking for is to become a better trader with time and the only way too do this is to post what I am looking at and take criticism from those of you that been doing this for a very long time, having said that please feel free to call me out on any mistakes, or incorrect analysis the best way to learn is from each other as a community.