Get started

Xrparmy

Descending triangle broke down on XRPFancy #technicalanalysis techniques such as #Elliottwave are certainly very nice and helpful in some circumstances. However, one should never neglect the power of something as basic as #trendlines. Here on XRP, trendlines were giving us 3 big warnings: 1) Rising wedge = bearish pattern 2) Horizontal resistance at $0.202, giving confluence with the wedge to find the top. 3) Descending triangle, another bearish pattern, which typically breaks to the downside. Now, this descending triangle broke to the downside as expected. I will keep a bearish 🐻 bias until proven wrong, which means: as long as we remain below 0.182. I will reassess if we get a 4 hours closes above this level <=> If previous support fails to be turned into resistance.
Short
by CrptTeddyBear
2
XRP 4hrAre we seeing a Classic Break and Re-Test here? i'm going to wait here and see if we break out and close above (0.2475-0.25) and would Long from there and have a nice stop/loss in the .21 area and the first area of profit taking could occur near .265 if we break through this area as i anticipate we will, then we can see a re-test of .28, .30 and then eventually creating a new high above .35! And for my bearish stance, i'm not expecting such a big move further down, however if we do.... then the following could occur if we do break down our last standing support here we could also possibly see a free fall to the .17 area, that would quickly get eaten up by the Bulls and run wild to a New ATH! XRP #XRPARMY I am newer and am open to ideas on how i can get better as a trader and analyst, what other indicators are you using and whats the specs to that specific one? Also If you disagree please let me know why and show me where i can get better and prepare myself for the worse? all feedback will be appreciated and responded too!
COINBASE:XRPUSD
by therealbinarymaster
1
XRP: Strange Elliot Wave and Possible Buy-in OpportunityIf we look at our 30-min chart, we can see that the price has broken out of the key level of resistance. We want to see if this bullish sentiment is sustained to determine our next buy-in opportunity. I noted that the ABC correction looked like it was going to be a classic textbook 535 zigzag in one of my previous analyses on XRP, but I've found that the final C wave is skewed by the overwhelming upward momentum that is apparent in the daily and our 30-min is suggesting a possibility that the C wave has finished and that the beginning of the next progressive wave is upon us. I understand that the C wave can be seen as "invalid" by zealot Ellioticians (because the fourth wave went past the first), but if you look closely, you can see that the buyers are clearly beating the sellers, which is causing the C wave to become skewed, as it forms the lavender triangle and the price is shot out of the apex and above the key level of resistance that has held down the dominant ABC wave. The 30-min's ichimoku cloud indicators are supporting this hypothesis, but we should be careful and patient just in case my hypothesis is incorrect and the price is rejected by the grander downward force that is projected by the ABC wave. The daily is still bullish, the 30-min is bullish, but the 4-hour has the possibility of becoming bullish over the next one to two days, as we should keep our eyes on the lagging span to see if it moves into a bullish position (and then watch out for a TK Cross) so that we can determine if this is actually the end of the correction and so that we can set ourselves up for the next progressive wave and make a well-informed decision regarding when to buy-in. If my hypothesis is proved correct, I suggest buying in at the second wave of the next progressive wave since this is the only buy-in opportunity in the immediate future that is the most well-informed. I hope this helps and happy trading! -LB
BITSTAMP:XRPUSDLong
by CoinBlank
1
XRP: End of C ApproachingIt seems as though the third wave down has started. I am utilizing my yellow and green support lines to help guide my corrective wave so that I can determine a proper buy-in. I am assuming that the C wave will finish off within this boundary. You all should be on your toes and look to the IC indicators as a tool for gauging the momentum downwards. It will help you determine whether or not if there is any more room to go past my support lines so that you can find a proper buy-in. Either way, this should be an exciting couple of days. Happy Trading! -LB
BITSTAMP:XRPUSD
by CoinBlank
XRP.BTC P-Modeling Pt 18. The Crippling of TearsWelcome to the future of Technical Analysis . This is Pt 18. Trial 1 on XRP's Global Ecosystem. Find the "we are here" bubble. I am most likely wrong... I think my timing on this may be slightly off. Meh . Who cares. but what... if.. good enough for me! Target bottom Buy .000004 99% capitulation scenario on XRP. HOWEVER... On April 20th, 2020. The real fun begins and we won't stop hearing about it. (rolls eyes). Come for the laughs, stay for the Art. ___________________ Think in Loops. Think in Strings. Begin to connect them. You see weird things... Oof. Tis so Pretty.. But is it functional?... That is the question of the day. Bet your ass, I am shorting this again into the ground. Despite my previous failures. Pt 1. Interesting start.. PT 11. Excellent follow thru. PT 15. EPIC Fail. Start here for sequential Model of this idea. PT 16. Failed - went sideways. PT. 17. Failed - stayed sideways. PT 18. Is the same chart as Pt 16 & 17. The only difference is a shift in the fractal to its current location. Nothing else changed. Failure is a necessary presupposition to success. Laugh with me into madness. Now for some deep thinking. Cheers. Thanks for Pondering the Unknown with Me, Glitch420 *Disclaimer: If you seizure prone, turn the brightness all the way up for extra eye bleed. This is financial advice.
Short
by Glitch420
6
XRP: Local Minimum ApproachingSo it looks like the A wave of the correction has come into full fruition and is in the process of changing its momentum to begin the B wave of what looks to be a 535 zigzag. You can tell on the 30-min that the ichimoku cloud has gone into a bullish position by looking at the recent TK cross and the lagging span crossing above the price point, where usually the cloud follows into a bullish position as well. I'm guiding my EWs based off of the momentum and points of support and resistance. I hope you enjoy the "buy" lines that I've drawn and that you use them at your discretion. I recommend coupling this knowledge with the ichimoku cloud so that you can judge whether or not our price will actually meet or go beyond my green buy lines when the time comes. Until we become millionaires, -LB
BITSTAMP:XRPUSD
by CoinBlank
XRP $2000 CONFIRMEDJanurary is the month. Xrp will be a world bridge currency, relieving stress on the USD. They have been planning this since 2008. If you think the US government, the most powerful country in the world hasn't planned something you are wrong. To think they will allow btc to take their power is childish. Anarchy is childish. The big boys always win. All the talk in congress where they sound like idiots. The smartest guy in the room plays dumb. When we break $.26 resistance it will go straight up. We have been in this downtrend for almost 2 years, we hit the monthly level at .175 and we accumulated for 2 weeks. Use you brain. BTC maxis will be disciplined. They really think all the sheep in the world will just start using BTC? People are not going to switch unless they have a reason too. In the US there is absolutely no reason for people to use alternate money. They will switch without even knowing it. XRP will be used in the background and people will have no clue. Think of it like this, with bitcoin you are betting on a completely new financial system, government and world. With XRP you are betting that everything basically stays the same just a massive overhaul to the current system not changing the power structure at all.
Long
by bestisyettocome47
6