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Ripplebtc

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.
BITFINEX:XRPUSDLong
by Nice4What
There is a possibility for the beginning of an uptrend in XRPBTCTechnical analysis: . Ripple/Ethereum is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. . While the price downtrend in the daily chart is not broken, bearish wave in price would continue. . The RSI downtrend is broken, so the probability of the Beginning of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00004900 to 0.00004100). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00004900) Ending of entry zone (0.00004100) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00005800 TP2= @ 0.00006650 TP3= @ 0.00007900 TP4= @ 0.00008600 TP5= @ 0.00010250 TP6= @ 0.00012145 TP7= @ 0.00014050 TP8= Free
Long
by ForecastCity
2
There is a possibility for the beginning of an uptrend in XRPBTCTechnical analysis: . Ripple/Ethereum is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. . While the price downtrend in the daily chart is not broken, bearish wave in price would continue. . The RSI downtrend is broken, so the probability of the Beginning of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00004900 to 0.00004100). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00004900) Ending of entry zone (0.00004100) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00005800 TP2= @ 0.00006650 TP3= @ 0.00007900 TP4= @ 0.00008600 TP5= @ 0.00010250 TP6= @ 0.00012145 TP7= @ 0.00014050 TP8= Free
Long
by ForecastCity
2