RippleRipple price managed to break 0.34 level and settles below it now, which supports the expectations of continuing the bearish trend in the upcoming sessions, waiting to target 0.24 level as a next station.
We remind you that the continuation of the expected decline depends on the price stability below 0.42, as breaching it will lead the price to achieve gains that start at 0.52.
Expected trading range for today is between 0.27 support and 0.38 resistance
Expected trend for today: Bearish
Xrpripple
Updated Strategy! : Beat the markets EASYit's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot 3.06% -7.44% appears you buy, if a green dot 3.06% -7.44% appears after that green dot 3.06% -7.44% you hold your investment.
if a red dot appears you sell your position. easy as that.
the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
shorter time frames will be choppy.
larger time frames will be smooth.
*Daytrading smaller timeframes is possible but not recommended.
XRPUSD forming a simalar triangle as las year?Is XRPUSD forming a similar triangle as last year?
From July2017 to Dec2017, XRPUSD formed a nice triangle that XRPUSD broke with a 1400% gain, going from .25 to 3.5 in a month.
A similar triangle seems to be building up. This triangle also started somewhere around July2018.
So this appears to be a Deja-Vu.
If this triangle is successful, we could possibly see a 6.2 XRPUSD early January 2019.
No trade is guaranteed to be successful as it is all probability
Xrp : Trade it with cautionAs always Xrp is respecting Fibonacci levels in an extreme way, catch a falling knife and trade it, don't forget to sell or get your hands impaled for sure.
Very risky coin, very good rewards if done properly, very deep losses if you are too greedy to sell it.
Below pink Smma : bear market. Above it : bull market.
Bear death cross happened on the 29th of July : price dipped. Then the 0.25 previous target buy opportunity was reached.
Xrp went on a quick massive run and went above the pink Smma, made a false breakout to stay above it, and today it just went below.
It is playing right now with the Fibo levels.
1°) analysis if it will be a false breakout?
2°) is it a sell signal?
3°) bounce can happen here (if false breakout), on the blue Smma, on the descending trendline, on the last fibonacci level, or at 0.25c.
GL
XRP Ripple bearish to 0.25 area. Crypto currencies I don't trade as CFD's. Too much risk, mainly because they expire very soon every time. When you want to invest in crypto, I advise you to buy 'real coins' and not to speculate the chart with CFD's. I have bought XRP-Ripple, Bitcoin, Bitcoin Cash, Ethereum, ReddCoin, FeatherCoin, Adcoin (ACC), Bunny Token and looking for NEO now! But wait NEO to buy, because price looks to go to 30.00 first.
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What about my ' Cycle phenomenon' ? read here:
My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence. But, still the most difficult part and what it's all about, is where does a long or a short start? and which point is telling you that the cycle is started, so that you know it will probably go to the next fibonacci resistance? .... therefore I have developed some own indicators!
The exact positions of where to open, to close and the stop loss position and take profit position is very important to be successful with trading!
My strategy is to never trade on volatile markets. You will lose your money when you do! Trade on technical-chart analysis! not on news and volatility!
One of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try!
How do I decide to open a position or not? First I analyse:
- sentiment on the market > are people in buy mode or short mode
- I have some own created indicators, some I show in my charts. Therefor I use the fibonacci sequence. My indicators tell to open a position or not and in combination with other own created indicators I decide where to place the stop loss and take profit positions.
- and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! or open directly.
- and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are other positions than the resistances in the market!
- the moving-averages and bollinger-bands are very important indicators also. They are helping a lot! by making decisions.
And that is Why I win more than I lose in the end. Patience is everything, we’ll wait for the right moment! But don't forget; trading means investing. Sometimes you lose more than you win in the beginning of a period!
Most of the times the sentiment changes on Monday! please consider that when you start a position on Monday. Tuesday, Wednesday and Thursday are on steady markets normally calm trading days. Than, my strategies work at their best!
Don't forget to follow me, so you get updated when I post new analysis. Also read my account and the 'status updates' to be informed.
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading