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Ripplebtc

$XRP #XRPBTC Extensive Technical Analysis - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJs daily TA, this time requested by the Elite Trading Group of Cryptic Block Trading, we are taking a look into XRPBTC and see whether is it a good idea to enter a long or a short position here or maybe set up orders at safer points and wait for them get filled. Lets begin now. You will see me using a lot of trend-lines, trend-angles and horizontal support/resistance zones. We are taking here the approach on the 2h to have a nice mid-term analysis of XRPBTC. We have seen an insane pump of XRPBTC and to be really honest, for me XRPBTC is the new high cap pump and dump coin, which is kind of nice because it has the volatility that we normally need to make trades on a daily basis, yet again it brings a lot of risk with it and requires a very strong eye and understanding of everything what is happening and what it is approaching from a technical level. We can see indicated in red colour, the strong downtrend with exactly the same angle for support and its resistance (simply draw the obvious trend line, then clone it to have the same angle of it). We can see that during this downtrend XRPBTC has had some small bounces at major support zones, nevertheless, it just continued down until after the "big crash" and then, after liquidating a lot of people it started a new uptrend and broke out the red downtrend. Currently we are in the green indicated uptrend channel, where as I indicated the up trend resistance (which again is a cloned trend line, so we have the same angle) not as strong as the actual uptrend support, since it has been confirmed only with a few wicks and the break of the next resistance zone and basically the "confirmed break out" would then most likely push through that uptrend channel resistance (indicated slightly in green). So, what do I think is most likely to happen? I believe, we will stay within this shorting zone, have a double top or even a triple top formation and then head back down to the channel support or even to the next horizontal support again (which you can see as the top and the bottom the green support zone). The reasoning for this is, that we have not the best average position for a natural or slow angle-followed increase for XRPBTC. Basically, we need to come down a little more and then have a nice and really strong entry to open a long position. Especially, since we are in and very near the shorting resistance zone, I would rather tend to open a short, stagger up shorts and have a SL at the yellow horizontal support. Here is the reason why. I said before, that we do not have good position for a slow angle-followed increase of the price BUT we have a nice position for a sudden impulse move. So, why not long if there will be an impulse move? Well, pretty easy, predicting an impulse move correctly has a chance of less than 25%. Moreover, this impulse move AT MAX, from the position that we are at right now, would most likely go to exactly the crossing of the uptrend resistance and the yellow horizontal support because we would have at least two obvious groups of traders having A LOT of short orders sitting there, the ones who see the trend angles, and the ones who see the horizontal resistance, also us who identify both groups. In addition to that, we would have a lot of indicators in the over bought area and add people who are shorting. NEVERTHELESS, there is a chance that XRPBTC will just continue pumping and get to the next horizontal support, but I would identify this chance at 10% probability of actually happening. Now, the potential trade and trade set up (note, this chart is on Bitfinex, not on BitMex, of course we want to short on BitMex and would take this chart only as a reference). SHORT XRPBTC (at max 10x leverage, since Stop Loss is near). Staggers - 7200 - 7300 - 7500 - 7750 (double stagger of course e.g. -> 1 2 6 24) Targets - 6900 - 6650 - 6450 Stop Loss - A CLOSE above 7800 Based on the TA above you could also consider to start longing with the first stagger, at 6650. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ Trade Corner
Short
by KongTrading
1
Ripple (XRP) Is basically free money right now. 5225 target.The last two trades, I have perfectly called the BTC bart and have failed in calling the exact location of the Tron bounce. It did bounce however. Please view them in the related ideas section. Also check out "btc chinese". Prediction done by Xue and I. Xue is in on many Chinese chat groups and can see what positions they are in. Right now, it is a wise decision to open a short on XRP. It has broken crucial resistance and will now correct to its price before the bounce. If you short XRP it is so easy to make money. All you need to do is wait. The max XRP can go is 16% from here, so make sure your liquidation price is not below 8000. Just add if it hits 8000, as that will 100% be the top unless Bitcoin starts breaking new highs. I personally am short XRP since 7000. You can open a short position here with a stop loss at 7500. I know you are exposed to a lot of potential loss but just add if it goes up, it should not break 8000. Thanks for viewing! I am currently collecting members for my private discord. Please message me if interested. I will not be selling any sort of paid memberships to you, don't worry.
Short
by HD1184K
23
XRP possible break back up to highs?XRP has bounced making a higher low after hitting the previous swing high (dotted line) and is now attempting to break above resistance. The EMAs have crossed bullish and continue their uptrend BUT the fast-moving EMA is giving hints of stalling up here. We initially tapped the 50% FIB in the supply zone and are curerntly having trouble getting back above. A close above this zone will be bullish and put us back in the range before the break down. A failure to push higher here could results in a move back down to the trendline support. If we do break down from the trendline, we can clearly see where the POC area is for the next bounce spot around $0.33. Thanks guys!
BITSTAMP:XRPUSD
by CM_Trades
XRP/USD A trend from the pastRipple made us happy with a green line in the quotations rates in the first month of autumn. Many experts say that it's time to buy Ripple and wait ... for that very hour when it makes a hit again. Such a sharp rise in prices is explained by the positive XRP news background. Ripple representatives said that a commercial version of the xRapid payment platform may soon be launched. Besides, it has become known that an American bank which is one of the top 10 largest banks intends to use RippleNet to process international payments of its customers. The technology being applied in practice is a positive factor for the reputation of the project. Until today, the price chart has attempted to settle in the rising channel, which originated in 2017. However, today we have seen a breakout of support and a decline. Based on the RSI, the overbought decline can give a new impetus to growth, and, globally, we will see attempts to settle in the rising channel. In case of a decline, the next pattern target can be 0.36. Intermediate targets at the top are 0.6; 0.75 and 0.96. We currently recommend buying from the level of 0.42. The transaction target is 0.46 and 0,51. Instead of a stop order, we would rather use "averaging", because the stop orders are being hunted. We will add levels for averaging to the update of ideas if the market continues to decline. Please, note that it is a high-risk transaction. We are going to regularly update our short-term recommendations on this tool. We are going to inform you of the transaction entry level, the stop order level and the target for taking profit. Subscribe and follow our recommendations! You are going to enjoy the results!
BINANCE:XRPUSDLong
by benice_trader
XRP has bounced but could still see $0.33!XRP has bounced after falling to $0.37 but it is having lots of trouble getting through this supply level, which is embedded in a FIB level as well. We have tried a few times and got rejected every time but the fast-moving EMA seems to be leveling off while the other still tries to catch up to price lower. A possible trade can be taken on a break below the EMA + rejection of this resistance level with stop being the high of the first attempt through the supply block. Always wait for confirmation and how Bitcoin is reacting but this trade could play out on another move lower with R:R setting up nicely. Thanks guys!
BITFINEX:XRPUSDShort
by CM_Trades
7
XRP RippleNow Xrp is in a small correction but it won't go down same as before. it found support on the EMA 200 on the Daily Chart, indicators go down but XRP still stay here. so that's great for now. if it breaks down it will go around 6000Sats. XRP Alreadfy turned Green on Weekly indicators so the bears have less Power than before to make it down. Just BTC King can be a problem if we drop again below 5800$, alts will follow the King. so like always.. keep in eye on BTC... that said after this correction and for the long term...XRP can push to 27000Sats on the next bull run (+270%). Love it or Hate it. Happy Tr4Ding !
Long
by thecryer
1
XRP/BTC 1H Chart - next movesHello all, So XRP/BTC broke through the descending trendline with good volume but not much follow up. This is important as it teaches us not to buy the breakout but to buy the retest of the support once the breakout happens. There was also an ascending channel that was broken down and currently formed another acsending channel and we are sitting at support. Couple of observations: 1. Low volume atm 2. BTC trying to move past that darn 6 660 resistance and stay above it 3. RSI at support as well 4. Overall market sentiment today seems weak Next moves: 1. We bounce up from support and hit top line of channel 2. We break down of channel to lower support levels and bounce up to now resistance line channel 3. We light a match, take a kerosine piss and fire up our gains and go down to lower support which was my initial goal before the break of the trendline at around 6900 sats. Just follow the price action. Me personally, I can go a bit long here with stop loss below the support line and watch for price action at the top of the current channel. Thanks for reading!
by badbeatnuts
Ripple (XRPBTC) Retraces (Next Support / When to Buy)Ripple (XRPBTC) continues its retrace after a very strong and wild bull ride. Its price increased from a low 0.00004010, all the way up to 0.0001175 (180%+). Now, the question for us is the following: How far down can Ripple (XRPBTC) go? It all depends on the market, so we look at the different possibilities, here are my XRPBTC support levels: (1) XRP will find support first around 0.0000652 and 0.0000673, which is between EMA50 and EMA200. (2) If this level holds, XRPBTC can either bounce from here and continue moving up or consolidate sideways before the next move. (3) If the above level doesn't hold, then we look for our next support. That is 0.0000608. (4) Finally, I think the lowest we can go before the next move up is 0.0000542. We should find support here and resume our up wave. These are my support levels for Ripple. Thanks a lot for reading... Namaste. P.S. If you found this analysis useful, feel free to like, follow, share and comment for more... Weekly chart:
Short
by AlanSantana
16
Ripple (XRP) Made 27.74% on XRP in past 6 days. New trade setup.The past three XRP trades I have gained 13%, 5% and 9%. You may check them out in the related ideas section. XRP is now approaching weak support, and looking at past fractals, we should get a bounce back to 7780 at the very least. Even if we do not, it is almost certain we will get a bounce here. Therefore, you may long. Buy: 7000 satoshi Stop Loss: 6840 satoshi Take profit: Manual. I am aiming for 7700+ but it is very hard to tell exactly. However, if XRP holds at support but breaks bear fractals, it is very likely another drop is coming, so be wary. If XRP does bounce, it is good to short the bounce, as we have broken long time support already. The short entries are listed on the chart. I personally am already short XRP and in great profit, but I will join this long trade on an alternate account. Thanks for viewing! I read all the comments and reply instantly. Keep in mind the S-886 pattern is not meant to be taken seriously haha.
Long
by HD1184K
2
Ripple isn't looking so swell... In the case of Swell and xRapid launch, this to me looks like a buy the rumor, sell the news type event as we also saw last year. We might see a short term bounce before the eventual downturn plays out though. Even with Bill Clinton as a keynote speaker, XRP didn't pump... *SHOCKER* "I did not have encrypted relations with that currency." - Slick Willy at Ripple's Swell Conference. CREDIT: CryptoDog I base a lot of my trading off of the RSI indicator as I prefer to examine force (momentum) over trend. Force shows us where the price action is dominating. To determine which way it's going to go, you have to determine the most dominant time frame. (What are all the traders trading off of.) On the daily chart, XRP currently has a very strong bearish divergence shown here, which I think will play out over the next 3-4 days. On the VPVR, we have a strong support at the 7000 level and 8000 level. On the 4 hour time frame however, we can clearly see two strong hidden bullish divergences. On the first one, we saw a strong move upwards to break through the 8000 level. So, short term we may see a small continuation upwards as the hidden divergence plays out to the upside. We may see it retest the 9400 level before forming a double top and falling back down and seeing the daily bearish divergence play out. If you do take this trade, I would set your stop loss under 8000 as that is where the strongest support is on the VPVR. As a long trade, this doesn't have a great R:R for me (risk/reward), so it's not something I plan on trading myself, but I do plan on trading the short if we see the 4 hour turn bearish and break the current support trendline. Good luck!
Short
by jacobcanfield
19