XRPBTC flag #3 Short term bearish, Long term very bullish. If the current flag plays out as past flags have, look for a pullback consolidation to the main support trendline around the 0.5 to 0.618 fib area then on to another breakout. Also notice the trend/volume divergence. Of course with any technical analysis, it's just an edge and anything can happen. Summary: Short term bearish, Long term very bullish.
Ripplebtc
Ripple XRP-BTC Trend AnalysisOn december 12th Ripple (XRP-BTC) broke out a long term descending triangle, coming from 24200 satoshi in may 2017 to 1180 satoshi at the beginning of december. In the last weeks XRP has seen a strong ascending bullish trend, bringing good trade opportunities.
At the time of writing this analysis the price of Ripple is 11350 satoshi. For those interested in short or mid term trading XRP I have placed strategic entry points on the chart and resistance and support (Fibonacci) lines to keep your eye on for a break up or down. Please note the entry points, indicated by stars, might move over time if the actual trend deviates from my predicted trend. In that case you can use the (Fibonacci) resistance and support lines to determine a good entry or exit point based on breaks.
1st sell target: 12900 satoshi
2nd sell target: 13900 satoshi
3rd sell target: 20800 satoshi
4th sell target: 23900 satoshi
Stop loss: depending on time of entering. For short term trading put your stop loss within a reasonable margin below the current or next support line. For mid term trading put your stop loss 500 satoshi below the lower blue dashed trend line.
As always trade safe: monitor your trades and set (phone) alerts and stop loss orders.
I hope you can put my TA to good use. If you make a good profit based on my TA I will be very grateful if you tip me, thank you!
Bitcoin address: 13MJSpaqqpBm9JfqNUFt424CQZBF8TKHYa
Ethereum address: 0x105e37a11abfcfa80ab51c00bc6837f65183af64
XRP/BTCIt seems that third Elliot Wave move started.
There are 3 green Heikin Ashi candles, MACD and Stoch RSI look good for 1d and it also broke 1d Ichimoku cloud.
It also have passed previous resistance.
It would have been preferred to buy lower but I think we are in the beginning of the third wave.
This third wave can go even further than 1.618 fib level but we'll see.
#RIPPLE (XRP) 325% to $2.85 after bullish flagI expect Ripple may go 315% from the bottom of the bullish flag, as shown here. Figures come from measuring the size of the flag pole, before the flag began.
HODL for the weekend.
Safe sell zones:
$2.50 - Light Orange Line
$2.60 - Dark Orange Line
$2.80 - Red Line
After selling at that point, you may want to sit back, wait for about 60% retracement and the buy more at $1.60. HODL that through New Years and shortly after that I predict we'll be at $4.25 per XRP.
Safe, buy now at $1.20ish - sell at $2.50 (108%) - buy again at $1.60 - sell again at $4.20 (162% compounded on your original 108% gains). Overall 325% increase.
Keep in mind, my timing may be off by as much as 1 week.
Where Does XPR Ripple Go From Here? Will It Break Out?XPR is one of the more popular alternative crypto currencies in the market right now. During the huge market correction when almost every coin lost 10% - 30% of its value, Ripple was able to survive it and even showed gains. It is currently ranked 4th in MarketCap but is has held the #3 spot recently and may take it again from Bitcoin Cash. Where do you think XPR is headed?
BITSTAMP:XRPUSD
XRP Short Price BurstsI invested in Ripply when it was around 23 cents, but made a few mistakes where I could have waited and sold it for better returns. RIpple is one of those currencies who have positive correlation bursts all of the sudden. The next few weeks this could be possible given its recent increase in media attention, demand, and speculation. However it is still higher risk for less seasoned investors. When Ripple has a huge price splash that it usually past 35% in a given day, (Think May 17th and negative correlation turn around), a negative price burst can evidently happen in an ongoing cycle. Ripple's protocol is for faster transactions through its system. Overall though, it is highly investible but the type of crypto is short term strategy then reinvesting from time to time. You can still profit long, but not as much and will need to know what patterns to expect.
Ripple... was that just the warmup round???Watching closely here at the end of this pennant which appears to be a massive bull pennant. I was short on this until it failed to crash after such an incredible 3x run, closed the position and currently watching. Keep a close eye on those RSI patterns. Planning to buy in to any breakouts, but watch out for head-fakes.
XRP limit tradingXRP seems to be a fair option for day trading. Volumes are high, prices are low enough to risk yet high enough to make some gains. I would recommend a stop-limit buy of 0.00003721 with a 3720 limit. Aim to sell around 3850. Depending on how much XRP you have, the profit could be decent. Note that I generally run my charts in 1 minute intervals when trading XRP. Anything more just isn't granular enough.
Setting the time to 1 minute reveals a pretty easy to see pattern of Bears and Bulls, and is also a near direct reflection of buy/sell rates, as expected.
Watch for the Bears to drive the price down, look at the history for the day's average floor. I've found XRP generally doesn't drop below the day's floor until after 00:00 Eastern Time. Eventually a new floor will stabilize. When you see a downward trend, setup a stop-limit buy at 0.00003721 with a limit of 3720. (average floor for this weekend). Set up a SL sell near the high of the day. Take note that XRP tends to have a bit of a staircase trend on it's highs. Continue this low/high strategy through the day and you should be able to make some profit. I didn't put in much when I first started trading XRP, but I put in enough to make a measurable profit within an hour by simply reading the charts.
Utilize the tools you have at your disposal, have fun, and turn profits, but most important of all:
Never invest more than you can afford to lose. Do not invest your life savings into a trading market. You absolutely will lose them.
Note: I am not telling you what to do. I am not directing you to invest your hard earned currency into any market. I am simply sharing my experience with Shorting XRP.
Ripple XRP Game Is Far From OverLets look at the bigger picture, NOT 15 Minute Charts!
We did get into few issues with XRP and numerous other coins because of BTC. Nevertheless, we should find out future of this and other coins within few hours/days.
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