Ripple Finally Safe To Buy/LongMajor alts have been showing strength for the last couple of days and Ripple POLONIEX:XRPBTC is the first one that gave a Buy / Long signal since mid June. We're still in a bear market and don't get your hopes too high for this move. But we can open a position with low risk.
We have 3 major resistances ahead:
7000
8300
9000
Let's watch these carefully for possible reversals.
As usual, we can be wrong and trading is about being profitable by keeping our losses small. My initial Stop Loss will be at 5571 satoshi .
Ripplebtc
RIPPLE/BITCOIN Since mid-April, we are in a descending trend.
There is a formation of a downward wedge, the breakdown of which will lead to a change in the trend and a price reversal.
Daytime indicators from 24/07 show the market turn.
It's better to enter the market and wait for a breakdown, placing stop losses under 0.000054.
The Ripple Turnaround - XRP Should Be $0.50Ripple has been great the last week, After falling from 6100 to the low 5000s XRP has made its way back above the 61k sats line.
BTC has been moving sideways which has allowed XRP the ability to pack on the value.
It looks as though BTC will see another fresh injection of cash and will go up in price for at least the short term.
XRP will likely react by the price dropping to 57k sats before recovering and moving back toward the 61k sat mark and above.
Ripple still feels undervalued relative to the USD and compared to its competitors. A slight correction and a turnaround should have Ripple back up in the $0.50 range where it "should be".
Ripple - decision time approaching soon As predicted on the July 18, the #Ripple got rejected at the key resistance trend line and made a series of new short-term lows that placed the coin at the lowest levels since December 2017. Meanwhile, the #Ripple is still trading below the trend line but it now approaches it for another test after recording a positive day or two. The coin found buyers at the 78.6% Fibonacci support line and it rebounded, breaking the habit of creating short term lows. It is approaching the key resistance again and it is quite simply - a decision time. Another failure will most likely prompt another low while the break of the trend line should facilitate a higher move to the upside, as many bears have their stops placed above the trend line. IF you are looking to go long, wait for a break and close above the trend line before entering a trade with a stop below the trend line on a closing basis.
RIPPLE--SOMETHING EERIE with all ALTS. PARABOLIC SAR DAILY.I am noticing something eerie with all of the alts.
I believe we are on the brink of a massive bull run .
The likes of which we have never seen nor could have enough time to prepare for.
My previous BTC long chart shows Parabolic SAR trend change on the weekly.
Now I am seeing Parabolic SAR trend changes on the daily for alts which were previously bearish for months.
WHAT IS PARABOLIC SAR?
It makes little dots on top of candles (bearish) and below candles (bullish).
Parabolic SAR is a TREND CHANGE indicator.
And a big one at that.
XRP BTC in Bittrex shows a daily trend change with the first dot starting EARLIER this year JUST LIKE Bitcoin last year.
Hold onto your pants.
We are going to the moon.
Ripple Is Back To Life - Short Term SellXRP is in for a short term drop.
XRP has been moving unpredictably which is what has made it predictable in the short term. Instead of moving lock step with BTC it seemed to be doing its own thing and not in a good way. - it was clear to me that it was undervalued . I saw it in the charts - but after trading this thing for years you get a bit of a rhythym going and can "feel" things. This week was very frustrating - I had my big sells at 61k today - if I had set it a bit lower I'd be looking at a lovely buy back. Now it seems ill have to wait a day or two to get there. I had to go out for a few hours and missed it!!
We seem to be trailing down where we will double bottom and move up. Ripple is definately overbought against BTC in the short term. We are going back to 61k but the current pattenn looks like it will double bottom rather than build.
Learn from my mistakes - unless your watching in real time - crytpo can pass you by and turn a short into an unplanned long- be a little less greedy on the sales and cheap on the buys unless you are longing!
Thanks to everyone who messaged me on the last few charts. We're inching towards some higher longterm prices.
XRP BTC Potential Breakout on 4H chartWe had a strong breakout with high volume, I will be placing a buy order at the previous resistance of 5700k sats. If we retest this area and create a higher low then my sell target will be at the next strong resistance zone (7000k sats)
If it breaks down back down below the 5700 support I will have a tight stop loss at 5500 (about 3.5% potential loss). It is likely to retrace to this level as it's well oversold on the 4H RSI, however, If it does not come back to retest the 5700 zone then I will move on and forget about the trade.
This is a nice risk to reward setup of about 6.5 to 1.
Ripple Price Action For the Past Year in One Chart#BTCXRP has had a formulaic pattern over the past year.
The 10 day moving average (10 DMA) has more or less determined the direction of Ripple.
When the 10 DMA crossed over and above the 20 DMA, we tend to see some continuation in upward price action, but the second the 10 DMA crosses back down over the 20 DMA, we find ourselves in a bearish environment.
XRP - Can the history be repeated 3 timesIn short:
We saw the (almost) same pattern 2 times, now we got to the point where it could repeat.
Just comapre the number I wrote on the chart and you'll see how similar it is.
Indicators signing a bullrun:
1. MACD is going to cross. It happened few time before and we saw how much bullish this sign can be.
2. RSI reached the lowest point ever. It's a bullish indicator since we saw what happend the last 2 times it reached this kind of low.
3. 200 EMA started to bend. This means that 50 ema and 100 ema will have an easier time overpassing it resulting in a hard bull signal in just few days.
The 50 and 100 EMA crossing the 200 EMA will be like a magnet for investors since it's a sure entry point.
If it repeats the same pattern as last 2 times, XRP will soon get to 20k satoshis with a possibilty to surpass that point and go even higher.
The only resistence now is 20ema. Once passed, it could go up like crazy.
Missed Trade -BTC Gravity - Bought XRP Today- GOING UP!BTC has been moving all over the place over the last few days.
Ripple did the opposite of Bitcoin for the most part - but has still kept a respectable value versus the USD. Ripple is undervalued in USD as well relative to BTC - we should see a migration of capital soon.
XRP has not been spectacular on its own - even though recent newsreleases has been positive. XRP needs to begin outgrowing Bitcoin or this cycle will continue.
Bitcoin going down would make XRP rise against it without the need for more XRP demand. BIT will likely make its way down to 7800 before bouncing back up - this should provide XRP with a spike in price - and more interest in trading.
We should see 57k sats soon and possibly the mod 60k sats by the end of the week.
Ripple to 57k Sats TodayXRP against BTC has been for the most part doing the exact opposite of BTC.
The strength of Ripple isn't enough that it can trade independently of BTC so it is somewhat vulnerable to the movements of BTC.
It looks like BTC will correct itself before taking another run at $8400 - this means we will see XRP hit at least 57k sats as the price of BTC falls.
Once we hit 57k sats we will need to evaluate. It looks like BTC has positive momentum even if its looking at a short-term correction.
This correction will increase the value of XRP and hopefully encourage investors to buy and hold before BTC takes off again.
I'm a long term holder of Ripple - if you're not - today might be a good day to explore holding some!
XRPBTC: Can XRP Prove itself?Hi All,
Hope all your trades are going well.
It's all in the chart.
RSI: Shows Oversold
Probability: Uptrend Reversal, depending on BTC trend.
Keep in Mind when trading: Not to be greedy: Use Trailing Stop Loss...
3-5 Bar Declines: it's an indicator to - Buy
3-5 Bar Increase: it's an indicator to - Sell
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
Be sure to Follow me and like this post if it was helpful, and thank you all...
Like the Phoenix we will rise from the ashes...
Happy trading People...
Missed A Short Position But It's Okay - Ripple Ready To BreakoutXRP looks like it double bottomed and is poised to reverse against the BTC.
Since the last chart BTC has appreciated significantly which hasn't correlated well for Ripple yet. We havent been doing terrible against the USD - BTC is growing faster than Ripple at the moment.
I say at the moment because usually BTC appreciates and cash flows out of it and into the ALT coins - XRP hasn't seen the volume yet - but with the double bottom reversal, we should see a gain of 30% bringing us above 60k sats.
If you are a believer in Ripple - I hope you are taking positions at this level - we're ready for a breakout.
Ripple Will Rebound Today!!I mentioned in my last analysis how I took a big stake on a short trade and forgot to hit the sell button...
Well, my new long position has dropped significantly over the last day relative to BTC who looks like its poised to challenge 7800 again.
On the XRP/BTC chart, it looks like we've stopped the decline and are ready to start gaining more momentum. I expect a turn around over the next day to at least the 61k sat level.
Im taking another position at this level - im confident a turnaround is around the corner. Do some reasearch on Ripple if you havent already - its one of the best buys in crypto right now.
Significant Ripple Short Turns Long - I Heart XRPI have a paticular fondness for XRP - I bought it early on because it seemed credible - and ive been happy with it.
I don't chart every trade I make - paticularly short trades. I lined everything up perfectly - I got my price. I forgot to execute the sell - so I missed my exit. Oh well - more Ripple.
We are in a much better position than we were last week. It looks like Bitcoin will take another run at 7800 and Ripple should benefit from this.
Against Bitcoin Ripple is looking like its going to crack. Im bullish on it and am glad I took another position before the next rally begins. 63k sats in the next couple days.
XRPI wish I had a really good reason, but I don't. Yes, buying XRP contracts.
Starting to buy XRP for a long position here. Averaging down to the lower red support. I will stop out if we break below that convincingly.
Horizontal and Volume support level here. Bullish divergence on RSI, and CMF (slight)
I am pyramiding these buys and keeping this to a small position (less than 5% of total account)
Profit targets are previous highs over the past 8 months. With a stop below the lower Horizontal(red) R:R is 5.51 for 2nd to last profit target. Worth it. Could be played more conservatively and take a larger position with a stop below current Horizontal.
These are a record of my trades. Provided for educational purposes only.