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Xrp-btc

Crypto: The Ultimate Test of Patience - Buying Opportunity SoonI'm using the XRPBTC chart here, but the same can be said for most major alts as well. This is a popular chart, so I decided to use it as an example. This is a new view on the market that I have been thinking about recently (and posting about), and the last couple of days have convinced me more that this could indeed play out. The market does not want to go parabolic right now. It wants to drift sideways. We needed to see follow-through on this XRP run, but we didn't. This is okay. However, as we've been seeing, many alts are drifting down to their lower supports, in what seems like a crypto-wide mini-capitulation move. Why is this happening? There are some possibilities: 1) The stock market looks very weak, and people are simply getting out of risky investments. Interestingly enough, the coins that are crashing the hardest are the platform coins, which rely on ecosystems of big businesses for network usage. The coins that are the most stable are the currency coins like XRP, BTC, XLM, etc. This may be because platform coins likely won't see as much usage during an economic crisis, and won't be as profitable, whereas new pure currencies may be an important solution to coming economic problems. This is definitely something I'm thinking about, and am considering re-structuring my portfolio a bit for this reason and going even more heavy in XRP and XLM. Others might be thinking the same. 2) Traders- Yes, this market is flat right now, so traders are selling at resistance, only to buy at the already established bottoms for many coins. We can see this happening with WTCBTC (been between 4100 and 5000 for a while now), NANOBTC (been between 2600 and 3300 for a while), etc. 3) Crypto is done for - Certainly possible, but improbable in my opinion. It's really up to the rest of the world to believe in it at this point. More people are asking me about crypto and considering getting in, so this is a good sign. I see news articles saying "Stock market crash likely to cause an increase in Bitcoin's value." Also, I think the dollar will crash soon along with the stock market: The last several days, alts have had many attempts to bounce off support zones, but have failed every time. This is not necessarily bearish. This may indicate strong buying going on in a demand zone. There is no demand above this very narrow zone, so the purchases are quickly getting sold. But to me, this is a sign of accumulation. I think this can go on for another few months. Alts just keep extending their bottoms. Even though this XRPBTC chart looks pretty strong, I wouldn't be surprised to see a breakdown and then a slow rise along the support in the 6200 area for a while, until breaking up sometime in February/March (outlined on this chart). Right now, nothing is telling me that a massive bull run will happen in the short term, but of course I could be wrong. These are the moments where bulls can catch you by surprise. Right when everyone gives up and walks away. So of course this is a possibility as well, but very unlikely, in my opinion . Watch for the capitulation going on right now. There will be a very good buying opportunity soon, if not already. I have a hunch that this drop isn't over yet though. Hopefully we can hold the 200B total market cap line, as this has held for months now and has proven itself to be a solid bottom. If you look at my analyses, most of my play-by-play price action strategies have been pretty spot on. I haven't been trading my setups though because I find that I get in my head a lot about whether or not my decision was the right one. This shows I still have a lot to learn as a trader. However, I've gotten very good at predicting target points on breakdowns, as well as resistance and consolidation zones. At this point, I'd rather be doing this for other people's benefit, rather than my own. However, due to the fact that I have other things going on in my life, I won't be updating on here as much. I need to take a break for my sanity. I think I'll stick to my original plan of selling a bit when one of my coins goes way up, in order to rebalance my portfolio and lock in some profits. Here are my other posts and subsequent updates, for quick reference: Previous XRP analysis: BTC (where I first posted this new view on the market several days ago): XLM analysis (broke out of triangle, now back in it): BAT (predicted the test of 6000 and breakdown): VET: TRX: NANO: WTC: NEO: ETH: EOS: GVT: Feel free to give a like, and let me know what you think! This is not a recommendation to buy or sell. I am not a professional financial advisor. This is my newest view on the crypto market, and what's been going on. I'm sure it's been frustrating for many people. -Victor Cobra
by VictorCobra
XRP/BTC - Long • Past pumps have been followed by vicious pullbacks and high volatility, this one is holding with strong support and relatively calm price action • If this support can hold, an upward bounce through the above trendline could result in a LARGE upwards move • Fundamentals: Ripple Labs is sitting on a bunch of capital from selling XRP at the top in the beginning of 2018, and have been making deals left and right with large companies, bettering their product and making efforts to incorporate the XRP token as much as possible o Rumors of SWIFT using XRP token as well as deals with Japanese banks to use a new version of ripple software where the XRP token plays a vital role • Stop:0.00007941 (-3.2%)
Long
by LightSaberFader
Ripple to rip over the next 14 months? Q4 2018-2019 forecastThe following is not investment advice and is only my opinion. Ripple appears to be half way through a current 3rd impulse wave. Wave 5 could see ATH prices reached again, followed by an ABC correction forming a classic "cup and handle" formation, which could play out over 2019 completing the larger scale 5th wave by December2019/January2020 time frame. Both immediate term investment opportunity for gains or HODL through 2019. Look to see a long 3rd wave play out during July-September 2019 time frame (August, for example). This is the time frame I expect the 10 year US yield to top out around 3.75%. From 3.75, the 10 year will correct, which would lead to the 4th wave before completing the fifth and final wave with a target price of .001 sats! Targets: (current wave) .00012 .000229 2019 Targets - Second impulse wave to follow ABC correction. .000229 .0006 .001 (moon - estimated time of arrival: January 2020
Long
by jdharward
1
XRPBTC: Another Prediction Realized!! We're on Fire!!Everyone on TradingView knows about the stock market meltdown, but the cryptocurrency world has been rocked as well. Earlier, in this article , we discussed a massive head and shoulders in XRPBTC. We highlighted the fact that the recent rally and Ripple exuberance would probably be short lived. We also noted the incredibly ominous head and shoulders pattern as Ripple failed to make new highs against BTC. The breakdown we anticipated happened within hours of submitting the post. We saw huge momentum through the vacuum zone, as predicted. Although our exact rendition of the decline differed slightly from what was observed, all our short-side profit targets were hit including 74542 and 68583. Our bias is still short, but we anticipate some ranging or a correction to the downtrend first. After that, we can expect support in 50000's, either 57000 or 52000. Thanks again for reading this follow up! If you benefitted from this analysis, please consider giving this post a like and subscribe to me!
Short
by Crypto_Terminal_Daniel
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!
Short
by Basil13
5
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:
Short
by badbeatnuts
3
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
Short
by Basil13
4
$XRP Bullish?$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.
by TradeTravelTeach
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.
BITFINEX:BTCUSDLong
by ByDHTaylor
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
Long
by ForecastCity
7