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)
Xrpbtclong
XRP/BTC TA Update (Descending Triangle Broke Bearish)XRP/BTC
XRP bearish descending triangle broke to the downside after key support failed. The price reaches the 0.786 Fib support and RSI reaches extreme oversold conditions.
There are chances we could see a pullback to the upside but if bears will continue to bring the price down, target below is 2400 sats area.
XRPBTC forecast on H3, possible inverted H&S formationNote : key resistance breakout --> wait for prices to bounce off key support (resistance become support) --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Is it time to LOAD bunch of alts? I think Yes - Start with XRPI believe that we at the start of a beautiful short period for alt trading, basically any chart that is traded will has its impact, XRP hasn't touched monthly's MA5 for 6 months already, and September should be watched for monthly MAs (starting with MA5, which is from current buy point 48%).
There are many reasons WHY now, long story short - BTC's dominance is about to change which will boost alts.
This trading period will be all about getting a higher range (not ATHs - unless we talk about new charts).
Let's get excited together.
Disclaimer;
The above expresses only my own opinion, I'm not a financial advisor, you should always do your own diligence before considering investing into anything.
XRP The Sleeping Giant!XRP is one of the most hated coin around the space. After 2 years of down movement, we finally came to point which is worth looking.
On higher timeframes we are at the trendline and trying to break it. Now things are getting interesting.
A closer look at the 4h shows, that XRPBTC is currently building heavy support here. No matter what Bitcoin is doing, XRP stays in this area and only get wicks down.
People now starting placing longs on XRPUSD around the 0.19-0.18 area where we have major support:
On the daily we see also that the Ichimoku Cloud now turning green, which means, that we can see some green days on it also:
We also crossed bullish on the MACD (Weekly) some days ago:
We also have support on VPVR and playing with the EMA's
A look to the Bollinger Bands shows us support on the Middle Bollinger Band
We will have a close look on this and start putting some long orders.
As soon as this giant starts moving and the liquidations floating in, it will move fast and hard. Be prepared!
XRPBTC breakout!Pairing looks solid with green horizontals and red representing stop:
TP1 3386
TP2 3572
TP3 3586
Stop @ 2967
This is a second wave pending volume confirmations from the second XRPUSD publication in which I was referencing in my earlier publication earlier last week. This is a short-mid term entry. Highly volatile.
Disclaimer
Not financial advise
-@a1mtarabichi
XRPBTC: Tightest Consolidation Seen in the Past YearXRPBTC has deceived many of us for the past months. This is the tightest consolidation found in the past year.
The 1D MACD Histogram has been working up to switch to positive momentum.
The Stochastic RSI has been coiling on the floor for days now.
This looks interesting.
XRPBTC 4H: Back to the BasicsFor this analysis, we go back to the basics. Patterns, volume, RSI and trend definition.
What to look at here?:
-Following a new high for volume and an exit from price compression, a reversion to the 50d mean occurred but was promptly cancelled by bulls. Since then, XRPBTC has trended, even though volume is slowly declining.
Either way XRP may go, watch for a bounce along this band for a trend continuation signal.
-XRPUSD seems to be breaking out into an early accumulation cycle, despite declining price. XRP's USD price decrease since June seems to have been largely the result of Bitcoin's recent fall, a fate met by many other coins in the space. Despite this, OBV has risen steadily across most exchanges. It will be key to watch for higher volume here, and a large increase in the OBV, as this could signal a breakout.
-Watch for liquidity hunting by whales. There will be many, many people setting stop losses on either side of this formation, and this can be dangerous.
-Whether the pivotal RSI pointed out will sustain, or if it will follow its previous pattern. In the case of it not sustaining, this could likely be a great short entry.
I implore you all to do your own research and come to your own conclusions on the matter, using this information only as an idea. This is not financial advice. Manage risk properly!
*Thank you all for tuning into my ideas, I'm amazed that I'm at 10,000 views already. I really do appreciate your viewership, and hope that my ideas have helped you understand the cryptocurrency market at least a little better. I will keep striving to improve my analysis and put out better content for the community.
In addition, I've started a twitter account @CoinRepoMan (twitter.com) that will be mainly dedicated to market theory, trading education, and cryptocurrency research / news.
Check below for other alts I've looked at, and even a macro prediction for XRP.
Good luck!
XRP - Bullish Continuation or Inverse Head and Shoulder Setup?XRP has grown close to 40% since it's Sept 23rd dump and is looking very bullish. The price action is sitting on strong resistance around .0000337. I will be looking to see if the bulls can push the price beyond the green resistance trend and hold above it. If so, we may have a bullish continuation to the upside. However, if the price gets push back down, this may establish the neckline of an inverse head and shoulders pattern. I will be using this second chance opportunity to grab so more cheap XRP while I can before the right shoulder completes.
XRPBTC LOOKS BULLISH 3500 4000 SAT TARGETXRP BTC has been bleeding for long time. Now weekly chart indicates good things are on the way for xrpbtc. We broke weekly resistance and the first time we are above the ichi cloud on daily chart since 22-23 January 2019.
I have 3500 and 4000 sat sell target in short / middle term .
Good luck with that....
XRP BTC The BEARS still VERY HUNGRYLooks like XRP ( XRPBTC ) will be visiting the prices of early 2017 and maybe it will go ever lower
Sure, it will bounce here and there, but in general is going down.
Range: 0.00000060 btc - 0.00000600 btc
What do you think?
Only for entertaining purposes
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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)