XRP / BTC - weekly chart - is breakout imminent?* first test of publishing an idea in Tradingview *
XRP chart patterns on a weekly basis. Simple chart with trend channels and support line.
XRP is approaching a critical moment.
I am going long and adding more XRP to my portfolio, anticipating a rebound to stay in the green ascending channels (see RSI & StochRSI); and eventually breaking the downtrend channel in April/May to start a new cycle.
- This is not a financial advice -
Xrpbtclong
I don't like $XRP but I like free money - Day Trader ExplainsHello Lads and Ladies,
Welcome back to TJ's Trade Corner! Today, we will take a deeper look at XRP and what it might have in store for us.
Lets jump right into and look at the structure that we are seing right now. We are clerly seeing a rising support or what you would call a series of higher lows. This is indicating us already an important part of an uptrend. The specialty here is though, that we have two rising supports, which give us basically a rising buy zone in between each of them.
Next, we see a clear descending resistance for the whole chart, which in essence is a series of lower highs. These two finding combined give us triangle or wedge formation.
A wedge formation has a higher chance to break upwards than downwards.
One more really important thing that I see here is that we are trending down and basically forming a faling wedge since CHRISTMAS!! This is crazy and XRP had no extreme moves during that time. Not even right now where almost every imaginable coin started pumping. This could either mean that XRP is dead, or that we will see major action relatively soon.
So, we have a small downtrend (falling wedge) since Christmas, lets take a look at the volume!! Is the direction backed by the volume? No. Chart is descresing, volumeis descresing as well, meaning less and less people are incentivised to sell right now.
Having these bullish signs, I will open up a new trade based on that. Now, one of the most important things about that is the STOP LOSS. Where should it be?
A stop loss shoudl be at an invalidation point. Now, the invalidation point of the rising buy zone OR the possible double bottom?
Here, remember the rule, after trendlines are broken, we need to break horizontals next. Meaning by that, the STOP LOSS should be below the possible double bottom, while you still have buy orders below the rising buy zone.
This trade has been published before in my private learning group "ETG".
We are going over many observations and possible trades very frequently.
It is meant for only those who are really interested in becoming a self sufficient trader and learning about all the secrets of trading.
Should you be interested in ETG or the indicators I use, join my discord channel and say hi in chat, then I will give you a free trial for which you might be interested.
Like and Follow me and you will find the space interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins.
Cheers TJ
XRP - Waiting for it to EXPLODE!XRP is repeating a fractal it has completed 2 times before. We are in the last phase of the fractal where the price falls till it finds support and then explodes upward. Right now we are looking for that support. I drew a couple lines which may trampoline the price skyward. This is a great time to load up.
XRP (XRPH19) LONGBUY - 7941
TP1 - 7970
TP2 - 8040
TP3 - 8250
TP4 - 8600
LEVERAGE - 10-20x
STOP LOSS - 7640
XRP Bullish trend cross on 4H QRsi, long TF's signal *a move*XRP is getting tighter, and as much as I fundamentally dislike the coin, I will trade it.
There is a bullish trend cross on the 4H QRsi. First target is ~2.15% up from here. SL is ~ 1.25% down.
There is a good chance of continuation here, this trade might be worth holding.
XRP/BTC looks Bullish to me!As you see here in weekly time frame we are resting on top of the weekly 200 SMA which I don't think will break as support. Looks like accumulation phase and with the larger picture forming it can be a cup which according to one scenario of Elliot wave confirms. I see it bullish because the market as a whole is picking up volume that would be great for most of the coins but I think for a long term this might just prove to be the best opportunity to get in.
[XRPH19][SHORT][10-15X][100%-99999% ROE]Hi,
I have a nice gem for you.
Trade for Ripple ( XRPH19 ) on high leverage as promised.
Be clever and strong and hit like, so you don't miss any updates for the trade.
Using high leverage we want to have high probability of success.
The break of the marked line would provide that.
There are a lot of reasons "behind the scenes" i calculated, but you need not to worry about that.
For you I made it very easy:
When price breaches the line i marked out, much downside to be expected
If you are a beginner and looking for great, easy, safe profits, then take a look at the trades, look at my profile, follow me or ask me in a message, contact details in profile.
This is not financial advice, trade at your own risk.
Wishing you the best always, and your support is truly appreciated...
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Trade: SHORT XRPH19 (BitMEX)
Leverage: 10X-15X
Sell In: Break of the black line (marked in chart)
Stop loss: Can be kept relatively close to the entry, not greater than around 0.0000848
Targets:
(1) ... EPIC (seriously) (100%+)
(2) i will update the post
For past counter-guru trades, please check out my profile. They have all been successful. When it's a low probability trade (sometimes I like low probability high reward), I would say so in the post.
This trade is high probability AND high reward
XRP/BTC falling wedge long opportunity.As my previous post says. BTC is looking to move down due to bearish divergence, we were hit with the bull trap. Now we just wait for the drop to occur.
However, XRP has strong support at 0.33-0.34 cents. If BTC drops, the satoshi level for XRP should be moving up to keep the support at 33 cents.
However, one does not trade a pattern until a breakout does occur. Waiting to see whether we break upwards or downwards from the falling wedge.
Watch XRPBTC for C&HIf resistance on XRPUSD chart can be cleared, XRPBTC could blast through cup and handle formation, target 1470-1600 at 1.618 fib extension. Beyond that, moon. Failure will bring ripple back to longer term support.
Lots of eager crypto enthusiasts ready to add to any pump after a year of despair... could make for some amazing moves in 2019.
2019 BitMex XRP/BTC tradesHere I'll try to post every XRP trade that I'll take in 2019.
I already missed a part of this trade but I've only recently learned this style of trading from @CryptoCred on Twitter from his new Trading Guide so make sure to download it and go through it, it's well worth it for the price (it's free lol). Here's my first try with this style...
My setup (hopefully it gets triggered):
Entry: 9400 SAT
Stop-loss: 9080 SAT
Target: 9800 SAT
RRR: 1.25
Note: Although at a stop-loss there is no major support but we'll see if it'll be successful anyway.