SPXUSD the BTC, ETH, XRP catalyst for bearish bias.IMO bearish continuation pattern.
My prediction... We will see be some bad Corona news from the USA Tuesday ish and will tank most markets including commodities, don't forget the FED has unlimited liquidity so few o safe havens they can short anything to zero.
My target for SPX500 is just below the green area.
Cryptos day will come when the next round of QE is announced.
Xrp-btc
TRADE OF THE DECADE - HERE WE GOMarket making itself clear, so far today we saw a rejection of the 275 fib level 61.8%.
BUY PUTS AND LONG SPXU
Puts can be tough when trying to select an expiration.
SPXU, lower R/R but safer in case market swings up to $300 (next resistance).
Profit target- spy 200/220 next month or so
XRP Massive MomentumThis is to accompany my previous post where I analyzed the market phases and how we are about to explode in price. We are at the bottom of this massive long term channel on the weekly.
We show MASSIVE bullish momentum on the MACD with serious bullish divergence (purple lines), this happened 3 years ago before the 2017 explosion as well. I have those highlighted here too but youll have to zoom in on the candles to see the similarities. #HODL
XRP WILL SHINE SOONXRP WILL SHINE. Over 3 months of accumulation between the monthly and weekly levels. After accumulation we pump, thats how the market works. Im buying the monthly support black and buying a bit under to catch wicks. Xrp/Btc has been floating in this range between the 2 monthly levels for 8 months. I doubt we lose it. The monthly close was decent as well as the quarterly close. If anything deserves a pump its xrp.
XRP - Next Leg Imminent = $$$ This is a straight up analysis of XRP. Observing a larger view, we can see that things are in fact turning around. By "Turning around", I mean completing the bottom. I honestly think that we will not go lower unless we see something drastic happen that effects the entire world but per my analysis we are legging up.
The fib retrace through out this dip tells me so as well as some levels of buying and selling that I have observed. View the highlighted area to support the bottom and last leg up we've stepped and established support at before deciding where the price should head.
With everything going around now and gold and silver being hard to come by may lead people to digital currencies for a store of value. An asset in THEIR possession.
It is a tough idea to grasp but so is the entire world being in a pandemic causing the entire global financial infrastructure to come to a complete halt.
The crypto sector will definitely be seeing an uptick especially how people have seen it act over the last month or so in comparison to the stock market.
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Also, I encourage you to criticize anything about my view.
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XRPUSD intraday bias to longXRPUSD is breaking 2H trendline and we can see some bounce from the bottom as we
retested 0.5 Fib zone retracement and now breaking trendline.
If it stays above the trendline, it must break the highligted zone aswell... adding longs right after retest
of this zone.
Good luck.
XRP/USD NEW LONG OPPORTUNITY? DAILY ENGLISHI wonder where oh where BTC will go? 8.3? 8.6? 1m?
Well, right now, we saw a greater drop than I had previously anticipated, but the momentum is dying down it seems as we approach our historic 0.22 zone.
Watch bitcoin heavily to spot a new long opportunity in XRP, if you're a believer.
MoneyGram and Ripple are talking...have been for some time I believe (FACT CHECK NEEDED).
XRP/USD NEW HIGHS ON THE HORIZON? ENGLISHBitcoin is acting up as usual.
After the $100,000,000 liquidation hunt that occurred yesterday, I think we may be looking for an interesting weekly closing candle.
That in mind, in this chart, the orange dotted line is where we should aim to break and hold. That represents the weakest resistance. Should we break that and the following red dotted line, I would like to see a quick push back to 30 cents by the middle of next week, if not by the end of today.
Entry : 0.27676
SL : 0.24722
I chose a riskier stop to avoid the stop hunts that frequent this asset, well, this asset class as a whole.
LOGIC FOR LONG ENTRY :
1. BTC's prospective health prehalving.
2. Broke back above and held support on the 3hr.
3. XRP reached over 35 cents when BTC was meddling around at the 9.9k-10.2k levels, which I expect us to return to shortly, maybe today, or the end of Sunday.
4. Financial sector prospective reform.
5. Top 5 market cap cryptocurrency.
6. "Altcoin SZN BRUH".
7. Practical use case.
8. We are still in a bull market.
TOTAL Crypto Cap Dipped Below Mean and RecoveredI've been waiting patiently for this. The Total Crypto Cap fell below the mean trend line.
This line acts as staunch support for Bitcoin but other cryptos readily fell below it, making them a very good value. Now the Total Crypto Cap is up above the mean.
I'll have you notice that the total market cap also just happens to be breaking the purple line that forms a symmetrical triangle with the 2017 and 2019 peaks. This breakout is going to be huge.
Accumulation has been unreal the last two months. Prepare for the FOMO, noise, noobs, and volatility to come back into the crypto space!
Not financial advice.
Peace, LOVE, & Crypto,
B166ER
XRP/USD Vs. BTC/USD: Similar Bear MarketsAs shown in the charts, XRP and BTC seem to have similar bear market patterns.
BTCUSD bottomed on December 17th, 2018. XRPUSD did not.
XRPUSD hit Its probable bottom on December 16th, 2019. Approximately 1 year after Bitcoin did.
With the use of Fibonacci, it can show us most probably targets around the golden ratio of .618- .702 retracement levels.
Trend lines are a very useful and simple indicator of Technical Analysis. After Bitcoin broke its bear market trend line, it shot from $4,000 to $14,0000.
I linked my last idea of XRPUSD and how it broke its 2-year falling wedge. All with the use of one trend line that has now been broken.
Fibonacci and comparisons show XRPUSD will hit $2.12-$2.40 before May 1st 2020.
Please comment and like!
BNBBTCLooking at BNB on the daily chart
We are in location double bottoming off the .786 fib
Price sitting right at the top of value on VPVR acting as support
Big selling pleasure for 5 days and I think the bears are exhausted. Would like the bulls to step in and defend this beautiful double bottom
OBV looks good
Bullish divergence fired a while ago now
W%R is oversold
For me this will be a quick trade and not a long term hold. Considering the POC (Point Of Control) is sitting all the way down at 2000 sats I don't like the sounds of a long term hold. Essentially BNB will do a complete market cycle after CZ decides to stop pumping his coin. In and out, make money from trading is the came.
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2021 to 2023 Next cycle of xrpThis is a cleaned up version of the 2021 and 2023 cycle of Ripples- XRP charts I have found!
Fibonacci Levels of the 2015 to 2018 market. If we repeat the same fib levels in the 2021 to 2023 we could see these levels.
1. Once we break $0.49 we go up to $1.12 and could back test $.50
2. Then $10 and could back test the all time high of 2018
3. Then $57 and back test $20
4. Then reach the new all time high of $571 in 2021
5. We then go into the decline of xrp to $20 to $22 in 2023
$1.12/$10/$57/$571
Hope you enjoy