XRPUSD Ripple/US Dollar Bearish Side Money Heist PlanMy Dear Robbers / Traders,
This is our master plan to Heist XRPUSD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Green Zone that is High risk Dangerous level MA act as a Dynamic Support & Order Block, So the Market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: Day traders & Scalpers If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan,
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Xprbtc
XRPUSD and XRPBTC Bullish Formations equal gainsPurely a charting play with fib extensions. Sometimes that is all you need. I have a stop in there on XRPUSD that I hope to leave alone for a year or so before I take some profit. It would be nice if we had a 500% month in XRP but that is wishful thinking.
XPRUSD went into this triangle with an uptrend so the supposition is the uptrend will continue. XRPBTC has a inverted head and shoulders at the same time so I think both will reach target and I will be moving to Gainsville, Population +1.
XPRBTCLoaded on some XPR, as clear capitulation is on the charts. I have 6 targets, every target it hits it will sell 10% of my full position.
$XPR #XPR Idea XPR is ripe for higher targets if BTC goes sideways. Targets and support zones have been provided in case market goes into the wrong directions.
This one has really potential longterm...
Always Dyor and happy trading!
Wolf.
Protonchain is a clear buy.XPR - Protonchain
COMPETITORS - NANO; DIEM; ADA?
FUNDAMENTALS
- 4000 tp / s
- Built-in KYC, or your user has been identified upon registration. this recognition applies across different platforms and block circuits
- Easy to use for new people who have not been exposed to the crypt
- there are no transaction fees for sending crypto and fiat, ie small volume transactions are possible
- supports the cooperation of different block chains
- Opportunity to earn revenue through social media platforms and product advertising
- Android app fully developed
- 5% inflation is divided into: 1.5% stackers, 2.5% block producers (transaction approvers), 1% fee for block chain managers
- low market capitalization 281.2M
- integration with the legacy banking system
TECHNICAL
- The price has been on the rise since its release
- there is currently a correction between the last vertex and the low point
- The low point of the 1D structure is $ 0.0258; Low point of 2D structure 0.021
- Strong buying between 1D and 2D low point
SOURCES
- www.reddit.com
- www.protonchain.com
- www.protonchain.com
- blog.protonchain.com
Crypto Catastrophe Planning (Sol, Luna and ADA/Cardano)I have spent some time looking at the dollar (DXY, see the linked Idea please) and it has a lot of upside potential based on some simple TA on the monthly time frame. Based on that potential prolonged dollar strength I think some crypto Crypto Catastrophe Planning is in order.
Last bear market one of my favorite analysts, Francis Hunte, called his XRPBTC short the gift that keeps on giving due to its continued downtrend trend on the weekly. Of course you don't get the same gains perhaps as being in and out of bounces on XRPUSD but you save yourself a lot of mental energy from the chop up and down that we see below. XRPUSD rallied less than BTCUSD, which means a red day/weeks for XRPBTC, and it dumped more than BTCUSD, which means another red day or week for XRPBTC. An entry within the blue triangle of XRPBTC looking for a break down would have been very profitable for the patient.
If we take the same idea for our catastrophe planning we would be looking for structures that we can play technically for entries that could pay out for the next six to nine months, or even longer. Cardano is in a rising wedge with three touches on the support and 2 touches on the top. That gives us a structure to play very technically. SolBTC has popped out of a rising wedge. That is very much blow off top behavior and often we see price action find tenuous support on previous resistance before falling through the wedge. Then price action has a chance to turn previous wedge support into resistance.
I have taken a short on ADAUSD due to the weakness I see on the daily chart for both ADAUSD and ADABTC with a stop loss taken at the high. I have two flat topped red HA candles and I will be looking for the wedge break down. If I see the ADABTC wedge breaking down I will put on a ADABTC short
SOLUSD is likewise popping out of its rising wedge but hasn't shown the weakens I want for a short just yet. There is a pregnant HA candle so I could go in with a sell stop but Imma hold off SolUSD and SolBTC shorts for now
LunaUSD looks very primed for a move to the downside. It is in a rising wedge and has bearish divergence on the 8 hour time frame. Once we see some downward movement we can evaluate if we think it will be prolonged or perhaps continue to chop. I am holding off on shorting for now.
XRPBBT Points to to more upside for XRP against everythingXRP continues to awaken after its long slumber against most cryptos and fiats and when it gets going everything else gets rektd. This 12 hour chart makes use of the multi-time frame bollinger bands to show the daily BB in orange and weekly BB in blue and the Volatility Stop. The MACD is the version created by Tom Asprey and I find it very useful for reasons I shall expound. The main bother about this analysis is the discrepancy between the various xrp/bitcoin charts based on exchange.
First things first is the price popped below the the daily bollinger band and below the weekly baseline and then flipped the switch on the volatility stop for this timeframe. That is a very advantages opportunity for scalpers and investors alike to put an order on.
Here is the description of thats going on the main chart, plus the 12H Bollinger band. A massive amount of Bullish Divergence, the price action below the 12h and daily Bollinger band set up a great buy opportunity. One period later and the hwite space begins to develop.
Those capital AND statements are important. There are a lot of things that have to occur for this condition to be recognized and when you see them your ability to put a trade on and sleep well improves.
Let me be clear... there is still a chance that we could see even more bullish divergnece, which would require a lower low. But what is the total context? The BTC hash ribbon has printed a buy signal, we have central banks committed to endless quantitative easing, btc continues to set new highs.
And if it seem ungainful onto you to long XRP, chose this day what coin or token you will long, whether the coins and tokens of your fathers (BTC, LTC, DOGE) that served you prior... But as for me and my house, we will YOLO XRP.
XRP: The RevelationHey everyone!
I believe lots of things happened since last year and it is time to provide you an update about XRP!
I have been working really hard to improve my skills and will try to share the most of it through this analysis.
Most of Crypto Traders (CT) believe that XRP is in capitulation and has not finished its downtrend cycle as new lows have been found in August 2019 at nearly $0.24.
However, other indicators such as market cycle, RSI, volume or Elliot Wave (EW) count are telling us another story.
What does it mean and what can we expect next?
A) The Neglected Essential: Volume
So where to look at it? A longer timeframe is always more significant than a lower timeframe. In that sense I will mainly use long-term timeframes for my analysis including Monthly, 10 days, weekly or daily to focus on details.
I would like to start analyzing volume as it represents the activities of traders. In my opinion it is the most important indicator. It should not be ignored.
On the monthly chart
Price and volume are declining – however XRP finds higher lows but volume reaches lower highs.
From volume perspective - It means that sellers are getting purged…It is more and more difficult for bears to short the market…
What does it mean?
Imagine you have a sponge in your hand and you finish cleaning your dishes – what you would like to do is to remove the water from the sponge as much as you can. You will eventually press the sponge, so the water can get out… Then you let it bigger and press on it again to remove the water until it gets dry.
A market maker is more or less like you trying to remove the water from the sponge. So, your money is the water and the sponge is the price on the market, when there is no water anymore, nothing much should happen until a Pizza is delivered and the dishes need to be cleaned again.
I hope it makes sense
On the Monthly Chart:
On the weekly chart – it is exactly the same:
B) Japanese Candles
I believe the Japanese candle is the second most important indicator and will be a catalyst for the next XRP bull run – We usually expect a Hammer or a Doji for a reversal – but there is nothing to see for the moment… I am looking for a nasty candle!
I would like you to pay attention to the size of the wicks vis-à-vis the open and close candles – We can clearly see that they are getting bigger since April 2019:
May / December 2017:
March / December 2016:
C) RSI and MACD
XRP is printing a bullish divergence with the RSI/MACD on the weekly chart – it means that the price is declining but MACD and RSI are producing lower lows:
This is also true on the 10 Days chart:
Please – pay attention to MACD on the 10 days chart–the diagram and EMEAs are producing lower lows– it is bullish.
It is the same on the weekly chart – I am very much looking at the current last bars - if they are able to reverse - it would be a bullish signal.
D) Elliot Wave Count
I believe the last Bullrun from 2013 to 2017 was an impulse wave 12345 (1 is often not counted by CT because it is not visible on Poloniex – I took the data from Coinmarketcap).
If we assume that XRP is bullish, which is objectively true today when looking at the weekly or monthly chart – XRP is moving up:
We can potentially say that wave 4 corrected in April / May 2017 through a contracting triangle as per shown below:
If it holds true – there is a strong likelihood that XRP should end its consolidation in that area as per described by Prechter – (waves C or Z generally correct in wave 4 area).
For XRP – it would correct between $0.13 and $0.28 following this rule….
September 2018 would be called “X” because of
-subdivision inside wave W (I am not going in too much details – maybe later)
-volume of X
-nature of the move – when XRP spikes, it is strong and straight (as wave 1, 3 and 5)
If this thesis is true, Y must be an ABC correction and cannot correct in WXY (however C of ABC can be a WXY as per shown in red).
I believe ABC is therefore a Flat and should normally correct at nearly $0.20 – Interestingly – I have found a confluence of price extension through the current price movement from end of August until beginning of September 2019 at 1.
Moreover, we can clearly see that the previous price moves have already reacted quite well to 0.618 extension at $0.32 /0.786 at $0.272
C would correct at 1 at nearly $0.20
Y of C would correct at 0.618 / 0.65 at nearly $0.20 / $0.205
Little C (not visible here) of C would correct at nearly $0.20
Elliot wave is very practical and powerful but because of alternate counts – I believe I would need more confirmations from other indicators before assuming such scenario.
E) Supports/Resistances and moving average
I am sure that everyone has seen the analysis of MagicPoopCannon - Available here:
I would like to thank him for his work.
I partially agree with him – I like the channel he has drawn but I would like to drag your attention on 2 important points:
1) Data is missing – MagicPoopCannon has only taken what is available on Poloniex and started his trend from X whereas the trend started from wave 1 (available on Coinmarketcap) – In that sense, I have decided to complete the channel.
2) Major supports and resistances are being played here and they strongly influence the current price movement.
Again, my method consists of starting from wave 1 (XRP reached nearly $0.06 on December 2013 to reach wave 5 at nearly $3.40 in December 2017).
I have drawn a parallel trend-line that is interesting enough to be in parallel to wave 4 as well…
To validate this channel, I have created a middle line (red) and assessed if the price was reacting to it as a support or resistance…It clearly does as per shown below.
This trend-line was used as a resistance in 2015:
From 2017 to 2019 – this trend-line has proved to be reacting to XRP price movement more than once as per show below… Could we then assume that XRP could go to $0.07 as it appears to be the next support?
In this chart, you will find all the necessary details to understand my logics…
Yes, it is a possibility but we are not here yet – more battles need to be done before…
Moreover, XRP can definitely move sideways until March May 2021 in order to kiss the blue trendline…
I am not a big fan of this scenario as I am looking for confluences through a variety of methods and indicators.
For the moment, let’s have a look at the intermediary/current supports and resistances and see how XRP is reacting to them…
I have drawn a neckline (purple) from X to the point of resistance/support (red). It was a resistance in 2015 but was broken in May 2017. Hence, could we imagine that the price could now be tested on that support in purple at nearly $0.20/ $0.22?
From wave 3 to wave W (yellow) I have been able to draw a trendline – I consider this trendline important as it is built across point of congestions / accumulations where XRP strongly bounced between May and December 2017.
From wave 5 (yellow) to have (b) (white) I have drawn a second trendline that was used as a resistance – we can see that XRP was strongly rejected in December 2017 as well as in June 2019.
From there, it is easy to identify a descending triangle – which is bullish.
Moreover, the purple trendline previously described is crossing over the support of the triangle at nearly $0.20 / $0.22.
For the moment, everyone is very excited to long this area but I would not, excepted if I get more confirmations.
Indeed, I have drawn a symmetrical trendline in this triangle and found that the price is currently struggling to break that resistance.
It can break it but it would face the resistance of the triangle and will likely be rejected to the bottom of the triangle where the purple neckline is waiting to be tested
Last but not least XRP is moving quite well around EMEA 200 / 233 on the weekly chart. We can see that it is currently playing against the symmetrical neckline in orange but sitting nicely on EMEA 200…
Why not testing EMEA 233 (blue) after being rejected by the symmetrical resistance and generating a nasty candle like a hammer on EMEA 233 (blue)?
F) Time
I believe I could have put this chapter at the beginning of my analysis as time is very important, probably as much as volume.
My method here consisted of using the Market Template developed by Mark Minervini to identify cycles
Stage 1: Neglect Phase: Consolidation
Mark described this cycle has Dead Money where more interesting assets could be traded instead
Stage 2: Advancing Phase: Accumulation
Volume is increasing and shows a good support from institutional investors – this is when price start to spike up.
Stage 3: Topping Phase: Distribution
The price is increasing but also dropping back and forth – this is when the average Joe are entering the market while professionals are selling
Stage 4: Declining Phase: Capitulation: The market is declining while the market makers try to shake all the weak hands
Interesting enough, I have captured the price of XRP through Fibonacci numbers including 988 / 610 / 377 / 233 / 144 and 89.
I have found that a new cycle starts every 233 days – this is confirmed by the top and bottom in 2017 and 2018 but also from August/September 2018 to January 2019
From each end of cycles, I have counted 89 days and found that the cycles described by Mark were perfectly matching inside each of this 89 days cycle. In that sense, we are potentially in the Stage 2: Accumulation Phase if my analysis is correct…
Moreover, counting 144 days from the cycle helped me to identify how the price was moving against a trend-line that are all parallel to each other and where the price of XRP is moving constantly toward it.
This is another confluence/confirmation of the above cycles.
Conclusion
A) XRP is showing a decline of volume while price is reaching higher lows – It is true on the monthly, 10 days and weekly/daily chart. It is bullish in my opinion
B) The wick of the candles are getting bigger – which is similar to prior bullruns – no sign of reversal such as Hammers, Doji or even Tweezer bottom described by some CT yet. I believe if a such candle occurs, it would be a clear bullish signal for the market
C) RSI and MACD are showing some nice bullish divergence on the weekly / 10 days charts. The EMEAs are printing some higher highs while the diagram is almost ready to reverse
D) The EW count is potentially confirming an X wave, which could let us guess that Y could be near through an ABC Flat correction – Found a confluence of price extension at nearly $0.20/$0.22
E) The most frightening part of this analysis is through the supports and resistance where we can see that XRP has been rejected through a major resistance – XRP is in a descending triangle that is crossing over a huge neckline in purple. This is very bullish.
F) Market cycles combined with Fibonacci numbers indicate that we could be in the Advancing Phase: Accumulation.
I will update you if my analysis is liked and shared – please leave comments and follow me on Twitter!
@TheRealArKaiN
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
Ripple to rise?1. Overall trendline upwards -> Trend should continue
2. Possible ascending triangle -> Sign of bullish market and possible breakout soon
3. MACD, RSI, Stochastic indicators all in favour of upward trend
Enter the market using the green line, set stop loss below the red line. If price drops below red line, indicates possible trend reversal. Can be conservative and take profit once upper green line is reached.
Looks like ripple set to continue increasing, at least for the next day or so! Hopefully breakout occurs and price further increases.
GL with trading!