XRP / BTC - one more push up to confirm THE RETURN OF THE BULLS!XRP / BTC:
it seems that we are currently putting in the waves D and E to complete wave 4 of one larger degree;
this means that we'll soon be going up for a wave 5 to complete wave 1 of a larger degree.
then down for a shallow 2 as this is in fact all part of a wave 3 of a larger degree, so brace yourselves!
there are alternate counts that could possibly take us lower, but i think this is the most PROBABLE outcome.
Happy trading and remember that the BULLS ARE COMING! :D
Ripplebtc
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Ripple vs bitcoinCoin of the day is Ripple.
While bitcoin is slowly gaining, altcoin markets went int correctional phase. Ripple – one of the coins that trying to separate itself from bitcoin, talking that correlation in XRP and BTC prices will not remain.
Ripple CEO Brad Garlinghouse talks:
"There's a very high correlation between the price of XRP and the price of bitcoin, but ultimately these are independent open-sourced technologies"
"It's early, over time you'll see a more rational market and behaviors that reflect that."
Ripple company classifies their product as a real-time gross settlement system (RTGS), currency exchange and remittance network. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source internet protocol, consensus ledger. Released in 2012, Ripple purports to enable "secure, instantly and nearly free global financial transactions of any size with no chargebacks." It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes. Despite its distribution, one of the most dangerous shortcomings of this company is that, in its essence, it belongs to a closed circle of people who have complete control over it, and this runs counter to the idealistic concept of crypto-currencies.
Latest news
4 June - After a delay related to security issues, the Japanese financial company SBI Holdings announced the launch of its crypto platform, writes CoinDesk. For now, VCTRADE service is only available to those who pre-registration took place in October 2017 others will be able to use it in July.
In today’s statement, SBI explained that the first stage of the platform would provide services for trading Ripple. Bitcoin and Bitcoin Cash will be added shortly, but no specific time was announced.
Technicals
After an attempt to take 0.0001 level on 21.04 XRPBTC went into stagnation, slowly bottoming only on the 0.00008 level. At the end of the May, after the third dip, the price started to grow, crossing 100-days EMA on the way. Today, after SBI announcement, Ripple showed noticeable retreat after hitting 0.00009 resistance, though the volume on the upward movement was significant. Nonetheless, while the price holds above 100-days EMA and above Bullish Trend Line the bias stays bullish, and such rebound could be a good place to buy-in. Important resistances on the way up will be 0.00009 level, and a major resistance 0.0001 afterward. Support – Bullish Trend Lines and 100-days EMA.
$XRP H & S Complete and onto wave e UP UP UP 2H$XRP currently liking the climb of $XRP, recently I have been on the button with these calls so I'm excited to see how this next part plays out. We have completed the head and shoulders and on our way up. To get a possible Idea to where we should come to a halt and begin to fall back down, you simply take the length of from neckline/resistance to to tip of head and place it where the right shoulder extrudes the neckline. This is just to give you a rough Idea.
Finally back on it's way to 0.0000900 sats? It could get close to 900 or it might just reach outside 860 - 880. On it's way back down I'm hoping for strong support before old resistance before coming down to test it.
$XRP - Bottom Head and Shoulders 1HThe climb up to re test 0.0000830 is possibly in the formation of an ABCDE ascending triangle and on a larger scale the right shoulder of a bottom head and shoulder. Before it can be confirmed it needs to break through a strong Resistance zone of 0.000082547 - 0.000083019 to confirm the neck line.
$XRP Target hits right on the moneyThe targets I set in previous charts (CHECK RELATED IDEAS) have hit for $XRP. Onto test another major resistance and then $XRP can break free from being under 0.000100 sats
This is not trading advice. I use these charts for education purpose and for fun. Constructive criticism is welcome
$XRP Ripple - About to make another move? 45m2 straight forward outcomes. If $XRP shoots up into green zone things are looking good, but, if it falls back into red zone 0.0000779 it's another long climb back up to test 0.0000829. Green area has strong resistances and if are broken it is gonna be an upward trend for Ripple.
This is not trading advice. I only use these charts for education purpose and for fun. Constructive criticism is always welcome
$XRP Ripple - Double top Adam and Eves everywhere..On the 1 hour chart, I've noticed a pattern. XRP climbs up, corrects into a triangle breaks and drop, in which is forming a double top Adam and eve. For now it's ok, this could lead us onto our d wave and then our rise to wave e. At the moment, forming another triangle which could give us the "eve" top but which is usually followed by a drop. But if this shoots up out of the triangle formation I can confirm XRP is on it's way to wave e which is the real decider if I'm bullish/bearish on ripple.
$XRP Ripple - Are things starting to look "UP"? How I see $XRP forming out in the future to come (1 DAY CHART). An upward trend forming - It will be a slow climb at first but that's not all that bad compared to a spike up that retraces nearly 75% on the way back down and only lasts for less than 10 days. I see ripple finally making the climb up with a wave 2 correction nearly finished and a wave 3 brewing up. Wave 3 often the LONGEST but never the shortest so expect a big climb up to come. But with charts nothing is ever certain.
This is not trading advice. This is only for education purpose and for fun. Constructive criticism is always welcome
$XRP Ripple - Starting to build on upward momentum?This is an early guess but I'm starting to see upward momentum building with XRP. It looks like to have finished a wave 2 correction which retraced wave 1 of 0.786 on fib retracement. If this is correct I see possible rise to 0.000150 sats over the next few days. If this wave count continues to stand corrected I don't see wave 4 falling too much because of wave 2 big retrace.
This is not trading advice this is something I do for education purpose and for fun. Constructive criticism is always welcome
XRP will be ready soon for a markup.A look at XRP purely based off XRP.
Just patiently waiting for XRP to complete it's accumulation. A bit of an early Wyckoff map, will update as time comes along
Look like we are starting Phase B of accumulation. Where volume has picked up and there is some volatility.
Im expecting another move to the downside for either another ST, or a Spring, followed by a test and then gradually into Markup.
Targets will be provided when I apply other analysis to XRP.
But for now, on the 4 hourly we have begun our early stages of accumulation. Will confirm to make sure that it is not redistribution as data comes along.
good place to long would be the support lines as outline by the bottom 2 yellow lines.
7400-7600 sats
XRP fractalsLooking at fractals on XRP. IF the fractals play out, expect a pump with in the next 10 days to around 1050sats. If this occurs, it may suggest confirmation of fractals playing out, and therefore, the next move would be to short XRP at around 1050sats. This short would be a longish term position, with a slow bleed playing out. If this move plays out, then I expect support to be tested at 4000-5000sats.
Agressive play: long at current price with the expectation of fractals playing out, then close position at 1050 sats and open a short
Conservative: wait to see if price pumps to predicted region within the next 10 days, and blue fractal plays out, as this would provide some confirmation of the fractals being accurate, then short.
$XRP Ripple - Always be prepared$XRP next move could play out something like this. If you're bearish look at the bullish sides play out. If we break the bold white (resistance) line with force and stay above it I am still bearish on Ripple. After it breaks through I expect Ripple to increase significantly.
This is not trading advice. I do these charts only for fun and education purpose. Constructive criticism is always welcome, I am here to learn.
$XRP Ripple - Needs to break these strong resistance lines 4H$XRP needs to break these 2 major resistance lines that can be found on most hourly charts. I am still bearish on ripple until these are broken through and used as support. Will it break through soon or is there more downward time on ripple?
This is not trading advice. I do these chart's only for fun and education purpose. Constructive criticism is always welcome, I am here to learn.
$XRP Ripple - A major Resistance line 4 HI have spotted a major resistance line on the 4 hour chart with a lot of activity along it (mainly resistance). Once these major resistance lines are broken through we usually see a significant rise (or fall when acting as support). When previously broke through $XRP rose by 29%
This is not trading advice. I only do these charts for fun and a way of learning.
If you wish to folow me on twitter - @CryptoDowd
RIPPLE, UP AGAIN? Ripple has retraced after its breakout and is looking on its way up again. This is one of the top altcoins so if the breakout happens the FOMO can be big and we may be seeing Ripple fly again.
-THE MACD is close and indicates that a breakout is nearby
-STOCH RSI is in the middle and may be moving down which would indicate that the coins will move to Support 2
So far Ripple is testing its Support 1 however as stated above some indicators are showing movement down so...
Buy-in: 0.000082-83 BTC
Stop-loss: 0.00008 BTC
RE-BUY IN: 0.0000789 BTC
My targets are the resistances shown on the graph (resistance 1=target 1 etc.)
Good Luck, Traders!
Have we just seen this pattern with $XRP? RippleFrom my reading I see $XRP forming an ascending triangle. I'm also feeling quite bullish too so I marked off some resistance lines with a possibility of rising to 0.00009000.
This is never meant to be taken as trading advice these charts are something I do for fun and a way of learning.
If you wish to follow me on twitter follow @CryptoDowd