XRP is triangle that will break down. Targets 0.38, 0.31, 0.26 $I continue to analyze XRP with a third idea that complements the two previous ones. Globally, the correction continues after the growth of September 18th (see the global idea behind the XRP). after the formation of the global wave B, the global wave of C. Now began to form. Today's idea shows the scenario of the formation of the global wave C.
Buyers reliably protect $ 0.41. After a sharp fall from $ 0.54, a triangle was formed, which statistically more often breaks down. For sellers, the critical area is now 0.51-0.516. If sellers can not keep it, then buyers will try to continue to grow. But in my opinion this is unlikely.
If you look at the XRPBTC chart, then it is clear that people bought XRP at the BTC fall to reduce their losses. But now XRP is at a critical point and in the market too little volume to break through this level:
Therefore, it is likely that XRP sales will begin at BTC's growth.
On the former timeframe, it is striking that the current volumes of buyers are lower than those that were on September 18th.
Therefore, I continue to wait for the fall of this coin.
Xrpshort
Ripple: opportunity!XRPBTC
XRP in the triangle, that looks like for continuing to growth in nearest future, but all market is falling now, trend - downward. Divergence between RSI indicator and real price move lead to decline price. Look at this. Short from resistances, it's position trading, not bad strategy for now.
Xrp further deflation over US dollar XRP/BTC further drop pointsHi guys.
Welcome to XRP analysis update.
If you liked an idea or if helped you save your money, please press like button.
I will be brief, because there is not to much to add about it as everything happened as on analysis posted on October.5h.
These are some interesting facts :
* Marketcap of XRP during past week was worth 21.2 billion US dollars on October 5th when previous TA was posted.
*At the time of posting, XRP price was 0.52 USD.
*In the meantime, XRP already deflated more than 12% since (in 5 days period).
*Current XRP marketcap is 18.5 billion US dollars (compared to previous 21,2) at the October 5.th gives nearly 3 billion nominal loss.
*Current XRP price is 0.463$ with tendency going lower.
IMPORTANT :
XRP is generally bearish.
Daily RSI indicates further downward momentum.
Previous drop levels posted were (0.49 , 0.47. 0.44. 0.41 ...)
0.49$ and 0.47$ are passed (while we had rebound on both of them).
0.44$ remains unchanged as 0.41$ along with new lows.
Most likely we will see further lows on XRP (as per chart decribed).
Don't rush with rebuy (you saw your self, if your would have rebought 5 days ago on XRP, you would lose more than 10% in US dollars.
Thanks for reading.
Good luck
XRP. The first target is 0.46$. The global target is 0.38$After sellers cured $ 0.38, the buyers tried to continue to grow and after a breakout of 0.46 this chance came out. In my previous idea , my target was $ 0.58. However, this growth took place on small volumes:
In the price zone 0.53-0.54, there was a large amount of liquidity before xrp started falling in early October:
and this price zone was an indicator of whether buyers could continue to grow. In my opinion, buyers failed their test and this growth has shown that correction after the growth of September 21 is not over.
Assuming that the current growth from October 11th was a wave of X, then it corrected quite a deep wave W, nevertheless I expect a fall of up to $ 0.46. If after this fall buyers will not be able to break through the price zone 0.504-0.514 - then there is a high probability that the correction will continue to $ 0.38.
At $ 0.38, the wave Y will be X * .786, and the wave "c" will be equal to the waves "a" (at wave Y).
Marginal buyer positions have decreased significantly:
Sellers are still passive:
Therefore, if buyers try $ 0.506 - I'll wait for the benchmark 0.46 and see if buyers have the power to hit $ 0.504-0.514. If buyers can not stick above this price zone, I expect a drop of up to $ 0.38
XRP: Another buy opportunity?Looking at the daily, XRP has created a descending triangle which is a continuation pattern of the correction that XRP is currently having. Taking a look at the Fibonacci from XRP's last big bull run to $0.78 the floor of the descending triangle has formed at the 0.62 support line. Assuming that the descending triangle follows a normal pattern, we will see XRP break down below its side-ward support and retest the 0.24 Fibonacci support line.
In addition to this the RSI is teetering right in the middle at a value of 50 showing lack of direction. However when put together with the low volume in the market there is little evidence that XRP will be going toward the upside in the short term.
Thanks for reading!
If You like this TA please hit the LIKE button!
Also, leave a comment with Your thoughts and feedback!
*This information is not trading advice and is to be used for educational purposes only!
IMPORTANT XRP Update: Nearing first resistance, prepare to shortELLO! We're back with a not so educational post suited for you lazy asses who just want buying and selling signals.
We're sure that many of you guys are confused by the super professional and complicated charts in TradingView. Many of you have questions like
"So..Nice chart but at what price do we actually buy or sell at?"
"Elliot's wave, HnS, Green trendline , Red trendline , Black trendline , Support, WHAT ARE THOSE!! I just want to know when to buy and sell.."
Well fret not, cause we are here to save your lazy asses from googling and learning the "pro" terms of TA.
We will be here to give you guys exact Buying and Selling Signals.
Sorry for not updating in a while, had to focus more on our paid members. Been a shaky and scary period for crypto.
Previous call:
Short XRP From its current price at 0.45 USD
Targets are
0.40
0.34
0.30
0.22
Stop loss above 0.50
Update: We hit all targets, +50% profits!
New call:
If XRP gets rejected at the resistance point at 0.49 USD, short it.
Targets are
0.46
0.45
0.44
Stop loss if XRP breaks above 0.50 USD. Will advise again if it breaks above 0.50. Will most likely change to a long if it goes above 0.50 USD.
We will update any changes about this trade in our telegram group.
This is a risky trade considering how the market is now. Expect much volatility .
On the technical part, we'll cut the story short and tell you why it'll be rising or falling:
1) There is a huge resistance waiting to hit XRP back down at 0.44USD
2) Main support for XRP is at 0.44 USD
3) If XRP gets rejected at 0.49 USD, our targets will hit easily considering the fact that the main support for now is at 0.44 USD
4) We are not entering a long from current price to 0.49 USD as there are not confirmations available for us now.
5) This is a fast scalping short and should play out if the market stays stable or if BTC decides to go volatile again.
6) We got profits out of XRP when it is a new coin at 0.20 USD, we are here to get profits from it again, but this time against it. We hope to earn the quick scalp from this trade.
7) Our main current support is at 0.44 USD while the main resistance is at 0.49-0.50 USD. We will update everyone if there are any changes to either of these two.
8) This is still a risky trade, please set how much profit you are going to take out per target according to your risk appetite. We suggest 60%/30%/10%, we do not want to be risking too much in this market.
We will be here for the long run in order to scoop up all the +% for you guys and burn away the -%
For all the information above, you should be able to understand them as long as you learned how to read and speak english. Our posts are as simple as ABC but is probably what all of you came here for, which is to have the exact buying and selling signals.
More coin signals coming soon.
The main thing that we'll be doing is that we'll make you guys filthy rich.
Do like this post and follow us if you want to continue getting direct Buying and Selling signals.
if you have any questions, you can message us or search us up on telegram instead of twitter at "CryptoHawkSG"
We love to use telegram instead of twitter solely because we'll be able to chat with everyone in the community.
We love you guys and we hope to make each and everyone of you rich.
Cheers!
$XRP #XRPBTC Extensive Technical Analysis - Day Trader ExplainsHello Lads and Ladies,
Welcome back to TJs daily TA, this time requested by the Elite Trading Group of Cryptic Block Trading, we are taking a look into XRPBTC and see whether is it a good idea to enter a long or a short position here or maybe set up orders at safer points and wait for them get filled.
Lets begin now. You will see me using a lot of trend-lines, trend-angles and horizontal support/resistance zones.
We are taking here the approach on the 2h to have a nice mid-term analysis of XRPBTC. We have seen an insane pump of XRPBTC and to be really honest, for me XRPBTC is the new high cap pump and dump coin, which is kind of nice because it has the volatility that we normally need to make trades on a daily basis, yet again it brings a lot of risk with it and requires a very strong eye and understanding of everything what is happening and what it is approaching from a technical level.
We can see indicated in red colour, the strong downtrend with exactly the same angle for support and its resistance (simply draw the obvious trend line, then clone it to have the same angle of it). We can see that during this downtrend XRPBTC has had some small bounces at major support zones, nevertheless, it just continued down until after the "big crash" and then, after liquidating a lot of people it started a new uptrend and broke out the red downtrend.
Currently we are in the green indicated uptrend channel, where as I indicated the up trend resistance (which again is a cloned trend line, so we have the same angle) not as strong as the actual uptrend support, since it has been confirmed only with a few wicks and the break of the next resistance zone and basically the "confirmed break out" would then most likely push through that uptrend channel resistance (indicated slightly in green).
So, what do I think is most likely to happen?
I believe, we will stay within this shorting zone, have a double top or even a triple top formation and then head back down to the channel support or even to the next horizontal support again (which you can see as the top and the bottom the green support zone). The reasoning for this is, that we have not the best average position for a natural or slow angle-followed increase for XRPBTC. Basically, we need to come down a little more and then have a nice and really strong entry to open a long position. Especially, since we are in and very near the shorting resistance zone, I would rather tend to open a short, stagger up shorts and have a SL at the yellow horizontal support.
Here is the reason why. I said before, that we do not have good position for a slow angle-followed increase of the price BUT we have a nice position for a sudden impulse move.
So, why not long if there will be an impulse move? Well, pretty easy, predicting an impulse move correctly has a chance of less than 25%. Moreover, this impulse move AT MAX, from the position that we are at right now, would most likely go to exactly the crossing of the uptrend resistance and the yellow horizontal support because we would have at least two obvious groups of traders having A LOT of short orders sitting there, the ones who see the trend angles, and the ones who see the horizontal resistance, also us who identify both groups. In addition to that, we would have a lot of indicators in the over bought area and add people who are shorting.
NEVERTHELESS, there is a chance that XRPBTC will just continue pumping and get to the next horizontal support, but I would identify this chance at 10% probability of actually happening.
Now, the potential trade and trade set up (note, this chart is on Bitfinex, not on BitMex, of course we want to short on BitMex and would take this chart only as a reference).
SHORT XRPBTC (at max 10x leverage, since Stop Loss is near).
Staggers - 7200 - 7300 - 7500 - 7750 (double stagger of course e.g. -> 1 2 6 24)
Targets - 6900 - 6650 - 6450
Stop Loss - A CLOSE above 7800
Based on the TA above you could also consider to start longing with the first stagger, at 6650.
Like and Follow me and you will find this page 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.
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Cheers, TJ Trade Corner
XRP=Retail Invester Shake out?As expected this parabolic curve was broken and is now being shorted as retail investers fomo into buying XRP..SMH Be careful and look at coins like tron and this as an example why amrketing machines get ppl into trouble speculating.
Ill keep this updated to sdee how this plays out. We could see another pump coming sooner then later with another Dump to ppl down a long postion "LIQUIDATION LANE" stroll!
XRP Update: XRP Faces resistance, potential +12% Short coming!HELLO! We're back with a not so educational post suited for you lazy asses who just want buying and selling signals.
We're sure that many of you guys are confused by the super professional and complicated charts in TradingView. Many of you have questions like
"So..Nice chart but at what price do we actually buy or sell at?"
"Elliot's wave, HnS, Green trendline , Red trendline , Black trendline , Support, WHAT ARE THOSE!! I just want to know when to buy and sell.."
Well fret not, cause we are here to save your lazy asses from googling and learning the "pro" terms of TA.
We will be here to give you guys exact Buying and Selling Signals
Congratulations to everyone who followed this call, +30% profits already!
Previous call:
Short XRP From its current price at 0.45 USD
Targets are
0.40
0.34
0.30
0.22
Stop loss above 0.50
Update: We hit all targets, +50% profits!
New call:
Short XRP from its current price range at 0.48-0.49
Targets are
0.46
0.45
0.44
Stop loss if XRP goes above 0.5 USD
We will update any changes about this trade in our telegram group.
This is a risky trade considering how the market is now. Expect much volatility .
On the technical part, we'll cut the story short and tell you why it'll be rising or falling:
1) There is a huge resistance waiting to hit XRP Back down at 0.498 USD
2) Volume is decreasing
3) Good support at 0.43-0.44
4) If XRP were to go up, it would be first dropping down to the levels of 0.44 USD and bouncing up above 0.49 USD. That would be a good healthy chart.
5) This is a fast short trade and should play out if the market stays stable or if BTC decides to go volatile again.
6) We got profits out of XRP when it is a new coin at 0.20 USD, we are here to get profits from it again, but this time against it. We hope to earn the quick scalp from this trade.
7) This is still a risky trade, please set how much profit you are going to take out per target according to your risk appetite. We suggest 60%/30%/10%, we do not want to be risking too much in this market.
We will be here for the long run in order to scoop up all the +% for you guys and burn away the -%
For all the information above, you should be able to understand them as long as you learned how to read and speak english. Our posts are as simple as ABC but is probably what all of you came here for, which is to have the exact buying and selling signals.
More coin signals coming soon.
The main thing that we'll be doing is that we'll make you guys filthy rich.
Do like this post and follow us if you want to continue getting direct Buying and Selling signals.
if you have any questions, you can message us or search us up on telegram instead of twitter at "CryptoHawkSG"
We love to use telegram instead of twitter solely because we'll be able to chat with everyone in the community.
We love you guys and we hope to make each and everyone of you rich.
Cheers!
Ripple isn't looking so swell... In the case of Swell and xRapid launch, this to me looks like a buy the rumor, sell the news type event as we also saw last year.
We might see a short term bounce before the eventual downturn plays out though.
Even with Bill Clinton as a keynote speaker, XRP didn't pump... *SHOCKER*
"I did not have encrypted relations with that currency." - Slick Willy at Ripple's Swell Conference.
CREDIT: CryptoDog
I base a lot of my trading off of the RSI indicator as I prefer to examine force (momentum) over trend.
Force shows us where the price action is dominating.
To determine which way it's going to go, you have to determine the most dominant time frame. (What are all the traders trading off of.)
On the daily chart, XRP currently has a very strong bearish divergence shown here, which I think will play out over the next 3-4 days.
On the VPVR, we have a strong support at the 7000 level and 8000 level.
On the 4 hour time frame however, we can clearly see two strong hidden bullish divergences.
On the first one, we saw a strong move upwards to break through the 8000 level.
So, short term we may see a small continuation upwards as the hidden divergence plays out to the upside. We may see it retest the 9400 level before forming a double top and falling back down and seeing the daily bearish divergence play out.
If you do take this trade, I would set your stop loss under 8000 as that is where the strongest support is on the VPVR.
As a long trade, this doesn't have a great R:R for me (risk/reward), so it's not something I plan on trading myself, but I do plan on trading the short if we see the 4 hour turn bearish and break the current support trendline.
Good luck!
Time to short XRP/BTC - 500% profit potential on 10x leverage!Big Short Fractal is in play near the cloud!
Looking for 100%+ Fib-Retracement since last Bottom and Top!
Targets:-
1) ~0.00006963(0.618)
2) ~0.00005693(0.786)
3) ~0.00004937(0.886)
4) ~0.00004075(1.000)
If you are too much long for the short :p
5) ~0.00001957(1.28)
Time to short XRP/BTC - 500% profit potential on 10x leverage!Big Short Fractal is in play near the cloud!
Looking for 100%+ Fib-Retracement since last Bottom and Top!
Targets:-
1) ~0.00006963(0.618)
2) ~0.00005693(0.786)
3) ~0.00004937(0.886)
4) ~0.00004075(1.000)
If you are too much long for the short :p
5) ~0.00001957(1.28)
XRP moving inside a triangle with market's uncertainty This is not trading advice. I'm not a professional trader. This is just my idea.
What I have done? Started shorting at 8700. I am going to SHORT all the way up to 9400, strengthening my position. And here is why:
Fundamentals analysis: why should anyone enter on the cryptocurrency space? Freedom is the answer. Censorship resistance is the main characteristic shared by decentralized currencies, like Bitcoin and Nano. The most valuable lesson learned in all history is that "decentralization is necessary to security". When centralized systems (like Ripple, Stellar) rule the world, be careful. They are here to centralize power on a few hands and this is very dangerous. They will get your money and destroy the cryptocurrency space, if it is necessary to increase their wealth. Meanwhile decentralized currencies (like Bitcoin and Nano) are here to decentralize power and money. XRP can reverse your transaction (could you believe in Bitcoin if it were possible to just one authority to change a bitcoin transaction?). They can print 60 billion XRP executing a single line on their centralized database. Why would you put your money and your trust in a system created by banks and created for banks?
Bitcoin is king. Always remember that: if bitcoin drops, XRP will drop even further. Be prepared to short. If bitcoin booms with a giant green dildo, XRP will drop too. Be prepared to short anyway.
Technical analysis:
2- XRP had quite 200% gains in just four days. Do you know what does it mean? A LOT of people will be taking profits and shorting at the first opportunity they have. If you trust on centralized systems like Ripple, don't FOMO and don't be scared to miss the train, do not buy now... you can buy on retrace. Or you can buy on the 9400 breakout. Wait for the best scenario to act. Don't act emotionally, just rationally. The main short-term trend now is bearish whilst XRP is below 9400. Be on the right side on the right moment.
3- Volume is getting lower and lower, this shows market is not ready to be super mega crazy bullish, everyone is being cautious and taking profits (reasoning is necessary to get better at trading).
4- On the logarithmic scale, XRP showed your upwards path, going from 4300ish~5000ish. This will act as the strongest support line for its upward trend. Anytime the market can decide to throw Ripple back to this trend line, be prepared to it. It is going to happen at least one more time. The lowest red line shows it. Every parabolic move has an end, and then returns to the normal trend line.
5- Obviously XRP can go upwards to 8900~9000, touching the resistance line on the chart. Be prepared to short on this area. If 9000 gets broken with strong volume, just wait to short with high volumes between 9200~9300ish (greatest risk-reward). Just put a stop-loss above 9400 and everything is going to be fine. 9400 is the strongest resistance, be cautious. If it breaks 9400 with high volume, I would turn my mind into bullish and then would LONG.
6- You can see XRP moving inside triangles. It is easy to say you must be LONG right above the support line of the biggest triangle (with stop-loss below it) and you must be SHORT close to the resistance lines of all the triangles, or if it breakdowns support trend lines.
7- Remember, you will just change your mind if price goes above 9400. I will easily LONG with leverage, no problem. No, it will not go upwards forever, it will just face a strong resistance at 10k. And then you can take profits all the way up to 9450~9979. You're gonna win this trade anyway!
8- Don't be too greedy! If you are getting profits, just GET THE PROFITS! Don't wait forever... If I am shorting from 8700, obviously I will take some profits between 8400~8500. As I suppose this price can act shortly as support line (on the small triangles). But I will take the most profits close to the 8058 fibonnaci level.
9- Let me know what you think.
XRP weeklyObservation:
- The RSI (4 hrly) is currently well above the EMA\MA 20
- MACD is in neutral zone
- Important resistance levels:
$0.62, $068 and $0.79
- Important support levels:
$0.52 and $0.58
- 6 hrly chart, healthy pullback (over the weekend)
- very high volume in buys and sells
- Volume selloff lower, over the weekend
- have green candles to create momentum for more highs
Summary:
All positive signs indicating more upside movement to come towards $0.62 and $0.68.
Crazy to forecast how the market will do.
Important to note, there is a looming chance that the big players can cash in (dump) because the likely chance they won't get this opportunity that often.
** Note **
Please like and\or provide comment on the format and your observations as I don't want to spend too much time writing.
I want to be able to deliver quick points while using the charts to explain without much wording.
Reference:
Yellow dotted to show support levels
Red dotted to show resistance levels
Hard lines to show major resistance or support levels or zones.
XRP The real reason for pumpBITFINEX:XRPUSDSHORTS
Simple Simple Simple Short Squeeze on XRPUSD on BTFNX has caused this. masking it all with HYPE with news on XRP and Ripple.
Half of bears already squeezed out. I think this is master-play from XRP and Ripple's insiders. they just wanted to shake off bears so released news and pumped like hell.
XRP is not Ripple. When ever we hear about Ripple or Xrapid its about technology and not about using the actual XRP token itself.