Xrp-btc
Short Vision on Litecoin (LTC/USD) by ThinkingAntsOk4H CHART EXPLANATION:
Price was consolidating on a wedge pattern, which faced the Resistance Zone at 66 and could not break it. Now it is at the Support Zone, that, if it is broken, the next short term target would be the Support Zone at 47. The long term vision is explained on the Daily chart below.
DAILY CHART ANALYSIS:
XRP/BTC Opportunity of trade (13,79% - R/R: 2.82) SHORT! Enjoy!Following the downtrend started with the first pulse and after the Fibonacci's retracement the downtrend should continue after the breakdown of the static support. The target is set following the Fibonacci trading rules.
Ride the trend & ENJOY!
Let me know what do you thing about. ;)
GBPAUD Possible Nose DiveGBPAUD has seen some recent bullish momentum up into a key resistance at 1.88 , with that being said, it looks as though we have a potential andrews pitchfork that has formed, this will be confirmed if we full reject this trendline and reverse. if this is the case, our first target should be 1.8650 followed by 1.85 for a TP2. Any 4H or D candle close above 1.88 will signal a bullish continuation, so good opportunity to enter here with a great R:R
There is a trading opportunity to buy in XRPBTCTechnical analysis:
. Ripple/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002950 to 0.00002400). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00002950)
Ending of entry zone (0.00002400)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.00003750
TP2= @ 0.00004620
TP3= @ 0.00005490
TP4= @ 0.00006600
TP5= @ 0.00007920
TP6= @ 0.00009200
TP7= @ 0.00011300
TP8= @ 0.00013400
TP9= Free
There is a trading opportunity to buy in XRPBTCTechnical analysis:
. Ripple/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002950 to 0.00002400). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00002950)
Ending of entry zone (0.00002400)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.00003750
TP2= @ 0.00004620
TP3= @ 0.00005490
TP4= @ 0.00006600
TP5= @ 0.00007920
TP6= @ 0.00009200
TP7= @ 0.00011300
TP8= @ 0.00013400
TP9= Free
XRP/BTCKeep it simple!
Green box is where you buy, Orange box is where you take profit. At each profit target I take out 20% of my initial trade.
So far XRP has tested our first entry zone and held at the green box. XRP has also made a higher low, suggesting that this support will hold for now. However, I wouldn't be surprised to see a wick through the green box forming a lower low before making new highs. If XRP doesn't hold the 2500's Sat range then I see XRP to come down to the lower green box. This is a trend many ALTS are currently doing, as these lows are an untested support range. Laddering longs at the low green box with a stop below the lowest wick would not be a bad move.
For those who entered in the first green box, you should have taken profit, and those waiting for a long entry, I would ladder longs at the bottom of the first green box with a tight stop. Be prepared for further dump if the range doesn't hold.
It is key to note that the boxes are a range - therefore I ladder into my trades, which gives me a better entry and exit price
Bitcoin targets CHECK THIS OUT GUYSBTC1! Weekly analysis
- Green channel: Ascending channel
- Red channel: Descending channel
- Green dash lines: Target if BTC goes up (could be higher)
- Red dash lines: Target if BTC gets dumped (maybe not that low, but somewhere in the channel or close to the bottom channel)
- Blue dash lines: retest of Red Channel
- Vertical lines: Fibonacci time zone
I set up the last low to high this year for the Fibonacci time zone.
Vertical line sequence 2: Next support/resistance that's going to be made (approximation) around end of December.
Conclusion:
The descending Channel (red channel) has been broken out upwards and retested. I am waiting for this week's candle to close (whether it's gonna touch the channel back or create a doji, etc.) and then we will have a better view on what to do. (Eventho I already have some positions opened lol)
Daily chart is being squeezed in between MA100 & MA200.
Last 4H chart formed a doji candle with a small green head (bullish sign, short term).
Monthly chart still has lower highs and lower lows (bear or building a bull flag, no one knows).
Weekly and monthly trading above MA100 & MA200.
Personally I'm more to the bearish side. If BTC rockets up next month, then alot of people will be rich.
But according to the system, alot of people cannot be rich :D central banks and the government like to F things up.
This is my opinion, don't get offended.
XRP BREAKOUT IMMINENTHello traders , today as you can see we had a weekly close above a long term trend line. This trend line was formed in April 2018, it is very significant. As you can tell it has been respected many times the past year and a half. The main resistances are at .33 and .52. both weekly levels, my thoughts are that once .33 is broken and the price closes above it we will moon. The entire bear market xrp has done nothing except make lower high after lower high once we retest a lower high its game over. The current price action is tying in perfectly with the fundamentals, with swell less than 2 weeks away I am very bullish.