Cryptocap Bitcoin Based Divergence?Are we at the beginning of a divergence of the total Cryptocap based on Bitcoin rotation?
We have just challenged the ATH of the Total Cryptocap Space.
This is based on BTC hitting a potential asymptote.
Does BTC experience a prolonged sell-off into cash and the Alt-Coin market from this point on?
I am guessing yes.
Expect Alt-Coins to gather steam.
XRP may seem to be left behind during this current BTC pull back.
Expect XRP to catch up once BTC finishes its retracement back to previous ATH level and begins its accent again.
Xrp-btc
XRP Still Bullish: Great Buy OpportunityWe've all seen the massive drop of XRP two days ago. A potential investigation stirred the market after hyperbolic growth a few weeks earlier, leading to investors selling their XRP coins en masse.
XRP didn't fall all the way, though. The daily candles closed right at the lower support line of the channel, signaling a new way upward.
With Bitcoin showing signs of a potential new bull run, XRP will most likely follow suit. After such a massive sell-off, this is the perfect opportunity to buy.
On the chart I marked two channels, with Resistance 1 and Resistance 2 marking their respective upper trend lines. Trade with caution around those trend lines since I expect a lot of selling pressure there.
GRT when to buy. Very clean AB CD pattern potential. Fib shows possible 1.18 price by end of the week. This would be a full completion of this patter. GRT has been moving independently of BTC and this could possibly continue. But it is also possible that it will drop if BTC begins to correct.
trading volume is very good which will make GRT very appealing to traders that want to convert out of BTC to something that is not moving sideways.
happy trading.
A sad state of affairsAfter 8 years in the FinTech business, over 300 customers including banks and payment institutions, and years of personal engagement with regulations legislators, Ripple is being sued. The Securities and Exchange Commission (SEC) has decided to file a lawsuit against Ripple for "Selling an unregistered security"... They filed four days before Christmas 2020. Something is REALLY fishy. All I can think is that this is a spiteful last hack at the crypto space to drive prices lower for institutional investment.
XAU is forming a flag? My favorite pattern!Hi there thank you for the viewership. This idea considers possible paths of gold. Either way we're probably going up eventually! Currency reset is imminent! It's a fight for currency market share, and there are some new players, yes, the private sector has entered the ring with the newest asset class, digital assets. "What's in it for gold?!", say you. Ah! I say, the same is in food and water that is in gold. The same is in material and appliances that is in silver. The same is in alcohol and drugs that is in anything TANGIBLE. Anything that bears palpable value and use. For now, we might hold paper debt notes on in our pockets, or account for a balance on a computer screen that also represents federal debt. We might even trust our government SO much - they do mail us the check in the end - that we would receive and hold that debt all while tracking all personal information and every last transaction processed by their very own Central Bank Digital Currency (CBDC). I will leave you with this fun fact: the banks will adopt or they will fail permanently.
XRP, Trend line is broken. Buy after pullback.XRP broke trend line
pullback to key area best place for buy with low and predictable risk
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
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XRP Long, another shotAnother risky trade for XRPUSD. My first target is $0.60 where I will take my initial capital out and then at $0.68 I will close the trade, wait for a pull back to around $0.55 and then open another long. Bitcoin is stealing the show right now, but soon the alts will get a chance too. This time the alts will enjoy more attention due to a few reasons:
Bitcoin is breaking all time highs - many will be taking profit and sell into altcoins.
Crypto regulatory clarity is only 4-6 weeks away and that is great news for coins like XRP and XLM - a lot of institutional money will flow into XRP and XLM, a lot of money.
POW coins are in danger of being called out by IMF and WEF for wasting resources (high electricity usage, high friction in payments, expensive to run, centralized mining, rogue players) - money will flow from POW coins into non-POW coins.
Flare networks going live in 3-5 months - DeFi on top of XRPL will be much more sustainable, regulated, and profitable.
We are in a bull market right now, so we should think like a bull.
Time travel XRP analysisDescending triangle breakout on an inverted 3day chart compared to daily 4h.
Maybe because the 3d chart is inverted the price break out within the invert also becomes inverted-inverted, so the drop is actually a pump in our timeline.
Descending triangle inverted to bullish trade
EUR/USD, still on it's way to 1.25. Here are reasons You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
XRPUSDT UPDATE!!!!Hi Traders,
XRP is following a very similar trend to BTC. Price has compressed into a symmetrical triangle. It looks like we might see a breakout to the upside and retest of the $0.8 level depending on how quickly we break the current resistance levels.
Thanks
The Market Sniper Team
XRPUSDT UPDATE!!!Hi Traders,
An update on the most recent ripple update, sellers have taken control and looks like price wants to come down further. It is still yet to test the 0.618 Fib which has been past resistance and support. The RSI is also bearish with the combination of accumulation slowing down. This is a short term perspective as the overall
Thanks
The Market Sniper Team