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Ripplebtc

XRP Approaching a Multi-Year Trend LineWith Bitcoin dominance continuing to rise, XRPBTC is rapidly approaching a multi-year trendline. There is no guarantee that this trend line will hold, however, a touch on this trendline should provide a decent bounce and an excellent scalp opportunity for those of us not short. Entry: I was lucky enough to grap a 2865 entry on Mex, however my larger orders are down at 2700 sats. Target 1: 3766 sats Target 2: 4000 sats Stop/Loss would be a daily close below this trendline. I will be posting an article on BTC Dominance which will further support this trade so please give this a like or a follow to stay updated! The link will be shared below. I wish you all the best of luck!
Long
by oh92
3
Ripple longterm bullish, but XRPBTC will first fall before riseWell here is a different picture on Ripple. I am a longterm ripple bull, and believe we'll see quite insane XRP prices in USD in late 2020 and early 2021. As high as 30 USD, probably higher. But in relation to BTC, I think XRP will first continue to decline. Therefore the USD price will not pump much before 2020. I don't see XRP going much above 1 USD in 2019. I could be wrong of course, but XRPBTC seems to be in a giant megaphone structure! The strong VPVR support is as low as 1k sats. And we can see that every time, since late 2013 ( I drew the first peak from coinmarketcap data), XRPBTC has been doing the same pattern: Two tops, followed by a long decline, going back almost as low as the lowest low before. So from 10k satoshis, to a few hundred. Then in the 2015-2017 rally, we see that it went from only a few hundred sats to 20k sats. And now a very similar structure. So it could indeed go as low as 1k sats before the big pump in 2020/21. If we stay in the megaphone, it could maximally go as high as 40k sats (upper limit), but might of course be again "only" to 20k sats.
by SebastianofMoon
16
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.
Short
by CuddlyCuddles