XRP/USD BITSTAMP Round she goes nobody knowsSo this is really just to get enough points so I can start chatting on tradingview and also I have been trying to learn how to count Elliot Waves. Im thinking (and hopefully Im wrong) that since Feb, 6th 2018, where we bottomed out around mid 50cent range, that we have had a 5 wave count. I have seen other posts that say that we are still in the 3rd. Im hoping they are right because I am hodler and would like to see 3 be big and strong and appreciate a great deal. the yellow horizontal line has seen numerous amounts of support/ resistance/ consolidation and I'm thinking if we break below.......well I dont want to talk about it cause I dont have the balls to sell right now but 97ish and if that does not hold mid 80's. On the upside huge potential. On the Gann wave Im thinking 2.15 to really be clear of downtrend status but in more near term future on fib 1.34 to get back on uptrend channel and after that 1.55............This is def. not trading advice......My first chart blah blah blah .......go gentle or give me free TA lessons...........and Points!!! so I can start chatting
Xrp-btc
XRP/BTC - UAE Central Bank Block Chain Partnership Announcement I am slightly shocked that there are very few charts dealing the latest announcement with Saudi Arabia's Central Bank signing a partnership deal within the last 24 hours. This is a MASSIVE bull FLAG as an early indicator; especially given XRP's prevalence of professionalism and partnership with major global banks. This is huge in my opinion. My chart may not be reflective of actual movement, as it can be so difficult to ascertain future price movement when such big news comes into play. For this reason, I am coming from a more fundamentalist point of view, with a few technical indicator and techniques used to add validity however; i expect a mammoth spike in price, with a HUGE bull run, and incredibly hard to predict,
I feel at this moment; historical candle trending combined with levels of support, resistance and fib levels, amalgamated with fundamentals, is the best way forward for now to get a handle and prediction on anticipated valuation on what WILL be a significant price break out.
The last pennant highlighted in red continued on to a bearish trend however; the current trend, is staying within the larger pennant with the exception of a few candles leading astray out of the pennant, only to quickly return. Again, there a signals EVERY where. Do not MISS this/
Ripple , Great Long-Term Hunting Opportunity in #XRPBTCTechnical analysis:
RIPPLE is in Range bound but Resumption of uptrend is expected.
The price touched the strong downtrend line in Daily Chart . It is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 37.
Trading suggestion:
There is possibility of temporary retracement to suggested support zone (0.0000869 to 0.0000582), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
.Beginning of entry zone (0.0000869)
.Ending of entry zone (0.0000582)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , 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 special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take profits:
TP1= @ 0.000128 (First Target)
TP2= @ 0.000146 (second Target)
TP3= @ 0.000178 (Third Target)
TP4= @ 0.000229 (Fourth Target)
TP5= @ Free
XRP/BTC: A fateful decisionRipple will get dumb again or up straight to the stars, i mean buy that the resistance area up there. This will happen after a while (2 months).
If it get dumb again under the support area the growth will take much longer, maybe even to 3-4 months depending on the state of the market but when it does not make it that way! We will reach 0.002 BTC for less than 2 months, just hope for the best.
The next image will explain everything:
Purple: Fast growth.
Yellow: Slow growth.
Time to SHORT XRP/BTCYesterday XRP/BTC touched off on the .000118 resistance and rebounded back down. This was a key resistance level which held and prices are currently making their way back down. Given past market movements, I think we could see new lows set in within 4-9 days. Get your short position in at .000113 to .000114 while prices are holding!
Short this down to .000085!
XRP/BTC possible bullish flag Short term trade
Disclaimer
It is not a financial advice, everything you see in this chart is a personal opinion should not be used as an offer to buy, hold or sell any security. Be aware that trading cryptocurrencies can result in losses. Therefore, consult your trading idea with a financial advisor.