SOMEWHERE OVER THE RAINBOWA painful expedition down the yellow brick road is upon us yet again and the XRP fear is beginning to build as upward price action weakens and bearish divergences begin to show. following on from my recent short entry this is a longer term direction for the Trashcoin with mind of completing a full market cycle.
Where are we going? To the end of the rainbow. What happens at the end of rainbows? Good things; such as the collapse of centralized crypto currencies just like the impending collapse of our fiat currencies; only at mach 10 speed.
Adios!
Xrp-btc
XRP/BTC Yet another daily updateHi all,
This is a continuation from my previous ideas which are still in play. We are now looking at more signals pointing to the downside. FIB retracement alligned perfectly with the charted red support zones. We are currently trending below the 20 MA on the 4H chart and price is looking weak. I expect going down prior to moving back up where we deserve to be.
In the meantime, short if you want extra bucks or hodl if you don't mind the petty movement of couple of cents when your boy XRP is gonna be $5000 a piece (tribute to the moonboys).
Previous idea:
Will PNC bank be selling the news?Fomo is rife across comment boxes and the chatroom, Ripple has failed to break the .618 fib for 5 days running, and it went parabolic. Sounds like a great combination for a short entry back to the .88!
Yellow vertical line targeted on the tweet that PNC bank have joined cripplenet.
Trade null and void if .618 (.00009000) holds for a couple of days, but if this is the case it would likely move impulsively to the upside due to market closing margin positions.
Cloned a fractal and popped it in the intended path of direction. lets go!
.00003100 target.
Basil
$XRP Bullish?$XRPBTC
Strong resistance at the 0.382 fib level, as sell as a another strong resistance level around the 0.00009000 satoshi level. Overall still super bullish on XRP dude to the press conference on October 1st and the news that his been coming out. After the pump I was expecting a large retracement, almost back to when the pump started but since its been able to hold these levels, I believe we are going to go even higher. A little bit hesitant to get in at this current price.
Going long BTCUSD With Put OptionsI wrote up a thesis that I am working with for Bitcoin, BTCUSD on Seeking Alpha
and the pressure that we will likely see to the upside.
I am going to continually buy on the dips with options protection. I am long BTCUSD at $6,500.00 with a 2-day $6,500 put at a ratio of 1:2, spot:options. I have another buy order in at $6,250.00 with additional options to kick in (I use Deribit for my options ):
The cost on the put option was $103.50. If BTCUSD moves lower to $6,250.00 my spot price losses $250.00 but my options gain $500.00 (minus my cost of the options at $200.00). Likewise, with a move upwards of $250.00, I move past my breakeven level.
I need a move lower or higher of $250.00 in 2 days for BTCUSD. I can see the moves happening either way.
There is a possibility for the beginning of an uptrend 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 42.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000055 to 0.000045). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000055)
Ending of entry zone (0.000045)
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 the 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= @ 0.0000695
TP2= @ 0.0000784
TP3= @ 0.0000893
TP4= @ 0.0001047
TP5= @ 0.0001191
TP6= @ 0.0001400
TP7= @ 0.0001780
TP8= @ 0.0002288
TP9= Free
There is a possibility for the beginning of an uptrend 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 42.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000055 to 0.000045). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000055)
Ending of entry zone (0.000045)
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 the 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= @ 0.0000695
TP2= @ 0.0000784
TP3= @ 0.0000893
TP4= @ 0.0001047
TP5= @ 0.0001191
TP6= @ 0.0001400
TP7= @ 0.0001780
TP8= @ 0.0002288
TP9= Free
XRP - USDLooks oversold on the RSI, maybe Ripple can go down for a moment of retracement. Keep an eye on the RSI indicator, if the price is consolidating at this price ranges, we can go for another run up. I am looking to short the shit out at Ripple around 7XXX range, depending on RSI.
What comes up, must go down!
Ripple / BitcoinRipple touched the support/resistance line again and has formed a falling wedge.
Falling wedge is a reversal bullish sign. If it is able to hold the support, we work with the first 2 fib levels as targets.
Need to break out the resistance red line, to break the major bearish movement.
Ripple | Possible Breakout Coming Up [Downtrend Broken]XRP/BTC broke the downward trendline that was established since 20 April '18. (marked as red)
We didn't see an increase in volume yet, so I'd wait for a break of the resistance area around 0.00004400 BTC before scaling into a Long.
If the area breaks, we will most likely see a huge pump.
A stop could be set around the most recent support line (marked as green).
ETH/USD - Short Term Pull UpMMegalodon Package
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Waiting on a confirmation of theMosasaur Isolator with a green tile on 60 min for a day trade.
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iPyra
Enlighten others
XRP Possible Price Influences
Listing on Coinbase
SEC declaration of its legal status
Production deployment of XRapid
Announcement by central banks of backing of stable coin on XRP ledger
XRP ETF
XRP used by SBI Holdings for FOREX settlement
Announcement by major institution of institutional Custodianship for digital assets
CODIUS deployment
Ripple announces production level product for derivatives trading and settlement using CODIUS smart contracts and XRP ledger
BTC bull run with trickle down crypto economics
Every single one of them could in my opinion result in price going up.