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XRPBTC forming bullish Butterfly | Upto 55% move expectedHi friends, hope you are well. In my previous post on Ripple with Bitcoin pair we have seen that the XRP had completed the formation of bullish BAT pattern. This chart was based on midterm 2 days time period and as per Fibonacci sequence of BAT I predicted that the price action should move up from the potential reversal zone of this pattern to enter in the Fibonacci projection area of A to D leg from 0.382 to 0.786 Fib projection level. Then we have seen that the price action moved up and entered in the target sell zone and produced more than 38% profit. A new harmonic Butterfly pattern: This time again on 4 day chart XRP is forming another harmonic bullish Butterfly pattern and soon it will be entered in potential reversal zone to give another chance to earn more gains. Let’s dig the pattern deeper to see how perfect it has been formed. After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.328 to 0.886 Fib of A to B Fibonacci projection area now the last leg (C to D) should be retraced between 1.27 to 1.618 Fibonacci level. Buying And Sell Targets: The buying and sell targets according to harmonic Butterfly pattern and its Fibonacci sequence should be: Buy between: 0.00002272 to 0.00001974 sats Sell between: 0.00002502 to 0.00003060 sats So this midterm trade has capacity to produce upto 55% profit. Stop Loss: The potential reversal zone area that is up to 0.00001974 sats can be used as stop loss in case of complete candle stick opens and closes below this level. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
Long
by moon333
1
XRP ANALYSIS: SHORT OPPORTUNITY IS COMING!XRP ANALYSIS: XRP has had a DEEP fall, and is expected to have a relief rally bounce back up to the resistance zone which now posted within the range of 2620-2690 sats. This zone is your short entry ideal zone. Wait for the price to bounce and stagger bids inside this zone. Long term outlook is the breakdown of XRP/BTC down to the low hanging support inside the green box. Daily RSI will finally bottom and it will give ATR a chance to plunge below neutral. Buyers will be more eager to buy within the support zone as sellers exhaust for the last leg down. Take profit targets are listed at T1 of 2503 sats, T2 at 2455 sats, and T3 at 2406 sats. Possible Short Entries: 2620-2690 sats
Short
by altchicasignals
XRPBTC formed bullish BAT pattern for another bullish moveHi folks hope you are doing good, in my previous idea of Ripple with Bitcoin pair we have seen that the XRP had formed a complete bullish BAT pattern and on 2 day chart. The formation of that pattern was started on 6th September 2019 and completed in December 2019 and we have seen that on 2nd Feb 2020 the price action moved up with the powerful divergence and produced more than 32% profit. Another bullish BAT pattern has been formed: This time on 12 hour chart after successful formation of previous bullish BAT pattern the Ripple with Bitcoin pair has formed another bullish BAT pattern and entered in potential reversal zone and ready to move up at any time. Let’s dig the pattern deeper to see how perfect it has been formed. After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.328 to 0.886 Fib of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now entered in potential reversal zone. Buying And Sell Targets: The buying and sell targets according to harmonic BAT pattern should be: Buy between: 0.00002573 to 0.00002519 sats Sell betweeen: 0.00002703 to 0.00002896 sats So this short term trade can produce upto 14% profit. Stop Loss: The potential reversal zone area that is up to to $0.00002519 can be used as stop loss in case of complete candle stick opens and closes below this level. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own reaserch before any investment.
by moon333
XRP: SHORT THE BREAKDOWN!XRP ANALYSIS: XRP broke thru the rising wedge and is now on the downward decline. This is prime time to short upon the confirm break of the triangle as shown here. Entry for the short is 2640 - 2690 sats. The main targets are a break of the 100MA and a hit towards T1 at 2609 sats, T2 at 2580 sats, T3 at 2540 sats. This would complete the next wave down and hit support at a double bottom near the low end of 2500 sats. RSI is showing a continued downward push and sellers are not showing exhaustion yet. Next line of support is at 2500-2540 sats. Possible Entries: 2640-2690 sats
Short
by altchicasignals
XRP ANALYSIS (BOTTOM IS ALMOST IN!)XRP ANALYSIS: XRP has broken below all major averages and showing no signs of life yet. XRP IS inching towards a known support level, that is major line of defense for the bulls. It has held various times in the past and I expect this time to also hold. I expect a further drop on XRP down to 2500 sats roughly (very close now). There may be one final scam wick before bulls eat the volume back up. Leaving support I do expect XRP to make a run for a re-attempt at 200MA. The take profit would look for T1 at 2680 sats, T2 at 2805 sats, and finally T3 at 2970 sats. A rejection near 3000 sats would put XRP back in a major bear trend, therefore I would exit any long by T3. Also keep in mind a drop below support is mega bearish. Keep S/L at 2349 sats. Possible Entries: 2540 sats
Long
by altchicasignals
XRP ANALYSIS (TREND LINE BROKEN!)XRP ANALYSIS: XRP has now broken below the trend, and also below the 200MA. This is a bearish signal here and expecting XRP/BTC to fall back into support near 2500 sats. Volume is slowly declining and 100MA has again broken below the 200MA. I do expect a strong bounce off the support line, but until we get there I do not think it is smart to take a long just yet. If XRP does manage to break back above the trend and 200MA, then we can turn the call into a long. For now, this is a short signal to wait until entry at or near 2500-2600 sats! Possible Entries: 2550 sats
by altchicasignals
2
XRP ANALYSIS (XRP BOTTOMING OUT)XRP/ BTC UPDATE: XRP is expected to be bottoming out here finally. A fake breakdown is a possible expectation. Dont be alarmed if we drop to the bottom of the wedge to a double bottom at 2425 sats and push back up. XRP is known to pump after BTC, and I think the time is near. XRP is down, but never out completely. XRP is sitting outside the wedge and awaiting a strong push up. 3000 sats is an easy target to breach, my main focus is on 3100-3300 sats. Take profit zones are still in place.
Long
by altchicasignals
XRP ANALYSIS! (BEARISH FALL BACK INTO WEDGE)XRP ANALYSIS: XRP broke out of the falling wedge with a massive 15% rise, only to be rejected at the 50 MA. The rejection retrace ALL the way BACK into the wedge. This is not a good sign. If XRP is not able to jump back out and bounce off the 2675 temporary support, then I expect a further fall down to the low end support at 2400 sats. This would be a major double bottom and big buying point for the XRP community. I wouldn’t push an entry at the moment, until we see another break out of the wedge, or until bottom hanging support at 2400 is hit! 50 is below 100 and 200 MA and following a bearish pattern. For those holding an XRP existing position, remain in & keep your patience. Long term 3000+ sats will come, this is only short term bearish play. Possible Entries: 2400-2450 sats
by altchicasignals
XRPBTC Has Formed BAT Pattern And Ready For Upto 38% MovePriceline of Ripple / Bitcoin cryptocurrency has formed bullish BAT pattern and entered in potential reversal zone. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Lets have a look on the pattern's move: After inertial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this BAT pattern now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection then it can also lead to the long term bullish move, so as per Fibonacci sequence method we can set our targets as below: Buy between: 0.00002668 to 0.00002527 Sell between: 0.00003005 to 0.00003509 Regards, Atif Akbar (moon333)
Long
by moon333
XRPBTC formed bullish BAT a good buying opportunityThe XRP / Bitcoin has formed a bullish BAT pattern and entered in potential reversal zone. This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone. MACD is changed weak bearish from strong bearish. Stochastic is oversold and has given bull cross. I have used Fibonacci sequence to set the targets. Buy between: 0.00002992 to 0.00002959 Sell between: 0.00003071 to 0.00003190 Regards, Atif Akbar (moon333)
Long
by moon333
2