Need to break $1.20 to come back in the uptrendOkay XRP fellas. We tested our $0.70 support line with a fake break out to $0.66. Now to follow the uptrend we need to break the short term red zone fib area to come back to the uptrend.
Xrplong
XRPUSD 1000% surge by September 2021Hi!
I found 70* day pattern starting from 23.november 2020.
It takes about 140 days from THE bottom to THE top and makes around 1000% move upside.
IF pattern continues then in timeframe from 30. august to 5.september price of XRP will be between 5$ and 7$ .
A BACK test for the history books Are we still on track or is this the end? If I was trading I would be buying at this level - looks like we have back tested the .77 and holding nicely. The damage (as some expected) is done.
Backtesting is the general method for seeing how well a strategy or model would have done ex-post. Backtesting assesses the viability of a trading strategy by discovering how it would play out using historical data. If backtesting works, traders and analysts may have the confidence to employ it going forward.
Key Takeaways
Backtesting assesses the viability of a trading strategy or pricing model by discovering how it would have played out retrospectively using historical data.
The underlying theory is that any strategy that worked well in the past is likely to work well in the future, and conversely, any strategy that performed poorly in the past is likely to perform poorly in the future.
When testing an idea on historical data, it is beneficial to reserve a time period of historical data for testing purposes. If it is successful, testing it on alternate time periods or out-of-sample data can help confirm its potential viability.
Understanding Backtesting
Backtesting allows a trader to simulate a trading strategy using historical data to generate results and analyze risk and profitability before risking any actual capital.
A well-conducted backtest that yields positive results assures traders that the strategy is fundamentally sound and is likely to yield profits when implemented in reality. In contrast, a well-conducted backtest that yields suboptimal results will prompt traders to alter or reject the strategy.
Particularly complicated trading strategies, such as strategies implemented by automated trading systems, rely heavily on backtesting to prove their worth, as they are too arcane to evaluate otherwise.
As long as a trading idea can be quantified, it can be backtested. Some traders and investors may seek the expertise of a qualified programmer to develop the idea into a testable form. Typically, this involves a programmer coding the idea into the proprietary language hosted by the trading platform.
The programmer can incorporate user-defined input variables that allow the trader to "tweak" the system. An example of this would be in the simple moving average (SMA) crossover system. The trader would be able to input (or change) the lengths of the two moving averages used in the system. The trader could then backtest to determine which lengths of moving averages would have performed the best on the historical data.
The Ideal Backtesting Scenario
The ideal backtest chooses sample data from a relevant time period of a duration that reflects a variety of market conditions. In this way, one can better judge whether the results of the backtest represent a fluke or sound trading.
The historical data set must include a truly representative sample of stocks, including those of companies that eventually went bankrupt or were sold or liquidated. The alternative, including only data from historical stocks that are still around today, will produce artificially high returns in backtesting.
A backtest should consider all trading costs, however insignificant, as these can add up over the course of the backtesting period and drastically affect the appearance of a strategy’s profitability. Traders should ensure that their backtesting software accounts for these costs.
Out-of-sample testing and forward performance testing provide further confirmation regarding a system's effectiveness and can show a system's true colors before real cash is on the line. A strong correlation between backtesting, out-of-sample, and forward performance testing results is vital for determining the viability of a trading system.
HODL Tight XRP ARMY
Good fibo level To buy XRP and TP 40% profitsBUY XRP
Entry : 0.8838
TP 40% RISK 20%
TP : 1.2450
SL : 0.8560
XRP retesting supportRipple is retesting support at 0.6367 level. We can observe it to respect that price and bouncing of of it. This level represents top of triangle we were talking about in March this year.
On top of that XRP is forming a channel so there is a chance for nice pull back.
Ichimoku: Chikou under price, SS1 under SS2 plus we experienced massive drop below Kumo, retest and further fall.
Personally I took my chances and Bought at the retest and hoping for at least temporary growth. Hopefully Crypto will recover and we well have another move up.
XRP/USD retesting support before next moveCurrent fall of crypto market has brought XRP/USD pair to important support where we have to pay close attention .
Scenario 1. - price finds support at green box area and prepares for further upside movement closer to it's ATH price range.
Scenario 2. - price falls even more and we see another 50% drop .
For now I'm more biased for Scenario 1.
Good luck!
Don't Worry XRP. We are still inside the channel.Sleep on it for a month. Engines need to cool down. Spend some money when they start to run out they will make an other run. So hang on to it.
XRP / USD0.0079 KWh per transaction for XRP VS 707 KWh for Bitcoin
Bitcoin is too polluting. It is understood for Elon Musk and Tesla. The manufacturer is therefore exploring other cryptocurrencies with better energy efficiency. It could be Dogecoin, with which Musk has a privileged relationship.
However, another blockchain shows much better performance than others on this issue: Ripple and XRP. Investors are not unaware of it. The token gained 20% in the 2 days following the statements by the CEO of Tesla.
This is no small achievement in a plunging crypto market, driven by the fall in the value of Bitcoin. XRP gains have since been wiped out. However, the token resists better than the main cryptocurrencies.
Over 7 days, the price of XRP fell 2.47% and 5.28% over 24 hours to $ 1.45. XRP has indeed objective advantages to seduce Tesla. As TRG Datacenters notes, XRP consumes the least energy per transaction.
This consumption is evaluated at 0.0079 KWh per transaction. For comparison, this figure reaches 707 KWh for Bitcoin. Dogecoin, whose developers are benefiting from Musk's advice, also stands out at 0.12 KWh. Cardano also has a playing card with 0.5479 per transaction.
Nonetheless, it was XRP that took first place. However, the cryptocurrency and its issuer suffer from a serious handicap. The future of the token hangs in the balance of justice following the SEC complaint.
XRP's green advantage undermined by its lawsuit
The case is proceeding in court. A standoff is currently taking place between the regulator and Ripple. At the heart of this new different: the participation or not of XRP investors. They are 17,000 to claim to intervene in the trial as a third party.
Rippel XRP Long Rippel XRP Long in Spot buy zone : 1 to 0.7 targets : 2$
ArzTalk Forums : arztalk.ir
my two last Rippel XRP signals :
XRP picture is not clear until SEC results Here is the analysis of XRP. XRP bounced from the liquidity area and rejected from the 4-hour resistance area. The case with SEC is still ongoing and we will see a bounce in XRP if the result comes positive. If you are looking to open a new position in XRP, you can open near $1.1 with a stop loss of below $1. Don't forget the stop loss. Resistance zones are given on the chart.
XRP - Cryptos in Capitulation!!!Hi everyone,
A flash crash going in to total capitulation is not what we expected - this was very hard especially for inexperienced traders.
Bein over leveraged is suicide in these cases, hence this was a catalyst to this flash crash.
The overall trend still looks bullish (I'm still super bullish), it's very horrible price action but the ABC correction wave is playing out.
On the daily we have to see a reversal pattern playing out to confirm the bullish trend: some kind of V shape pattern.
Weekly chart shows that XRP is holding key supports!
C Wave could have finished, maybe an extra leg down but to be seen - excellent buy opportunities.
On the monthly chart we see that with fractal analysis we expected this crash followed by consolidation:
Kind regards,
Noel
XRP - PRICE is KINGHi everyone,
We've discussed a potential ABC correction a couple of time also the potential invalidation.
In this case we might see a pull back to the EMAs what XRP did in the pst before reaching it's AHT.
Chart says everything -» price is king, not the news.
EMAs, support zone, RSI & fractal all match.
Targets: 5, 10 and maybe above - see you there (eventually).
Kind regards,
Noel
Bought the Bullflag - XRPJust added more XRP based on the bullflag formation that has resulted
Hope for a Moonshot upwards out of the structure
Using triangles along trend lines
XRPBTC full downtrend broken BULLS ARE HERE Finally XRPBTC is ready to take over. Once it breaks this resistance area, theres no doubt we will see new highs. Most bullish confirmations this chart has ever seen. Almost looks too good to be true. Look what happened every time we held this support. We also broke out and confirmed the top trend line which shows bullish momentum towards breaking this zone. Now seems like the last chance to put bags in XRP before moon. Everything looks ready and in line with the SEC settling lawsuit in the month of may as well as some relisting, then some spark? May/June is what we have been waiting for. This is just the beginning guys..
XRPUSD pennant breakoutXrp has broken out of this pennant and came back down to retest previous 1.55 resistance. Currently holding it and also holding its breakout of trend line. Currently bullish and as ive been saying, its just a matter of time till we see new highs.
XRP AnalysisAnalysis: XRP on symmetrical triangle pattern. Watch out for a breakout. If that happens, my target price is in the blue line, and the yellow line is our support.
XRP To new All Time HighXRP looks to be going to through a Wyckoff Re-Accumulation Phase. I would expect price to reach previous highs and continue increasing.
RIPPLEAfter a beautiful evolution yesterday, XRP meets a fairly strong zonal resistance. If he manages to get past it, he can advance to the previous maximum. Long XRP prediction today!
POSSIBLE ADAM & EVE FORMEDWill we see an XRPLOSION in the next 7-9 days? Time will tell
A lesser known chart pattern is the Adam and Eve double bottom. This chart pattern is formed when one sharp V-shaped first bottom low is made on high volume. This is the first ‘Adam’ bottom. Then the price bounces back higher but later goes lower a second time to create a second cup shape as a second bottom that is the ‘Eve’ on decreasing volatility and a tighter price range.
The Eve cup shaped bottom can many times be of a longer duration on lower volume than the Adam sharp bottom. This pattern is a type of double bottom on the chart and price action usually compresses into a tight trading range after both types of bottoms are in then many times will break out to the upside. This pattern is usually followed with a large up swing or trend higher after its second Eve bottom.
A break out above the previous highest price in the Eve cup can be a good signal for a long entry point. The longer term resistance zone is along the top of the highest point between both bottoming patterns and this can be a secondary breakout signal.
Waiting for a reversal and breakout of the eve cup versus buying earlier can diminish the reward with a later entry but can increase the odds of a success versus buying inside the Eve cup near the lows and risking a breakdown of the pattern to new lows in price. A stop loss set at a break of the lows of the Eve cup is an important tool for this pattern because if it fails it can be the signal for a new deeper sell off.
Market sentiment is usually very negative as the second bottom is made and it can be hard to buy psychologically but rewarding when it plays out as an upswing in price. The potential for good short-term profits is high as it has a great risk/reward ratio coming off the second bottom and a trend back higher can be very strong.
Risk must be managed very carefully. Stay open minded that anything can happen. The second bottom must hold as support as a failure to form a cup and a break to new low prices signals a pattern failure.
The Adam and Eve formation can be inverted to identify a double top pattern and signal a looming downtrend in price.
Good LUCK XRP ARMY STAY STRONG
XRP ready for breakout XRP looks bullish, ready for break out which gives the target 2.98 $ to us.
there is a strong resistance line on the way, the main movement starts after breakout and retest on this level, get ready ;)
Not financial advice.
If you like the idea, support us with likes and let me know your idea in a comment. if you have any question, my contact detail is mentioned in the signature.
