Daytraiding with Ripple. Bullish trend. Triangle Part
In the last idea we discussed the correction of altcoins. They started much earlier than bitcoin and brought us a good profit. As we remember we took almost 7.5%! for a short position. In this idea, we consider intraday trading. We have before us a bullish triangle that I have seen since yesterday. I think he's ready. Targets on the chart. Stop loss can below the wave C
Xrpusdbuy
>> XRPUSD << April 4th >> Long „Intraday“ Setup <<Hey Guys and Welcome,
XRPUSD pullback over 60% of previous day price action, we are following „Mid“-term Trend with a good RR.
Very bearish drop with last H1 Candle possible takeout of short-term buyers good stop Level.
Long: 0.51527
Sl: 0.49156 (4,5%)
Tp: 0.54455 (5,5%)
Feel free to Comment and Discuss my Trades.
Have a Great Week :)
Alan
THIS COULD BE YOUR SMARTEST BET ON CRYPTO CURRENCY $0.21 to $20How is this bet a SMART BET?
1:20 ( RISK REWARD) with high propability.
People have lost their brains in this mania, people bought bitcoin at $19,000 thinking it will give them great returns. That they will double/triple their money. What are the chances that bitcoin will go from let's say $20,000 to $ 40,000 and how long will it take? What are the chances of a cryptocurrency selling at $0.12 with a market cap of $97,829,899,439 will reach $ 2? Well anyone of you will a bit of common sense can see that the chances of going from $0.12 to $1 are more than a bubble who has already inflated up to $19,000. I have just 1 friend who also do trading ( speculating) and i told him not to buy bitcoin at $12,000 and instead take a bet on xrp, and he doesn't regret it now.
I decided to play with 2% of my money and have fun, just remember when you are buying a cryptocurrency you are just having fun and fun which can make you some money or you can end up giving money. Just like a casino, you bet, you win/lose, you had fun.
First of all, i am not a speculator, I don't follow the herd and don't get caught by crypto mania. I don't break my rules, and follow the advice of my mentors/books therefore only speculated with just 2% of my portfolio and so should you. (1-5%) the lesser the better. If you have your money in cryptocurrency and you are thinking you are an investor then my friend you are like a blind man walking in cold dark night without a stick. When bitcoin was at its peak many of my friends were speculating on bitcoin, I had my money in safe buckets INVESTED in bonds indexes, TIPS, Structured notes, indexes, commodities such as gold and silver etc giving pretty decent returns towards financial freedom. ( read my other idea, posted on reaching financial freedom, prepare for worst )
How do I see XRP and so should you?
It's a speculation, giving the fact that herd is going crazy for any coin in this market, I believe that xrp has the power to hit $20 a coin.
It has a huge market cap and cheaper to buy so many people will sell their expensive cryptocurrencies and they will buy xrp in hope for better returns. The whole crypto game is about SUPPLY AND DEMAND and I believe there is going to be a huge demand for xrp, it's has started to come in news, media getting attention, herd buying with all their savings, the more it will go up the more flies will attract towards sugar and you can take advantage of this.
Risk/ reward?
I bought xrp at 0.21, for this example sake if you bought xrp at $1, don't sell it until it reaches $20. Hold it, don't sell on the formation of any patterns and other indicators crap.
As soon as you double your investment, take out your real principal and put it back in your safety bucket and let the profit play the game. I already took my 2% out of this.
XRPUSD LONG to $2.00Not sure this is a huge channel or I stumbled onto something so perfect it just might work.
After drawing a fib expansion and the retracement. I noticed the ripple market is actually in a huge ABCD pattern and we just finished A & B if all plays well we should hit $2.00 before March 1st see a slight pull back then head the $3.70 zone. This is such a weird find. What do you guys think. I'm open to any ideas but it sets up the exact same. I was cloning lines from the historical data and this was the result.
Short tf (4hr tf) analysis of RIPPLE:XRPUSDXRP made a high of $3.31 on Jan 4 2018 after which it sold off with price appearing to bottom on Feb 6 2018 at a price of $0.59. The downtrend line is marked on the chart to show the bear move between the prices mentioned above.
A curve has been used on this chart as well to show the bottom action of price in Ripple (XRP). It appears to be a complex, inverted Head (H) and shoulder pattern with one left shoulder (LS) and two right shoulders (RS). The neckline for the complex, inverted Head and shoulders (or Head and shoulders bottom) pattern is indicated by the red line.
Price action has clearly closed above the Head and shoulders bottom pattern and therefore confirms the pattern as valid. This means that bulls are ready to drive prices higher. It is likely that price might quickly deep to the $1.06 area which is where I have marked on the chart as the likely point of trade entry.
POI = The price at which this trade is no longer valid (i.e. price closing below $0.87)
The least possible target area for the trade is between $1.71 and $1.77
Assuming the situation above, RISK = $1.06 - $0.88 = $0.18
Reward = $1.71- $1.06 = $0.56
Risk/Reward ratio: 0.56/0.18 = ~3:1
XRp is ready for next Bull Run Xrp is stable in last couple of weeks, Looking at the trading range and the volumes it is clear that XRP has already passed the consolidation phase, We can still see XRP to be stable for next 1 week at max.
I can see an bull run till 3 dollars, in the mean while XRP will stay range bound between 0.98 $ to 1.2 $, once XRP break 1.3 $ levels it will face next resistance at 1.8 $ levels.
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XRPUSD Opportunity double your cap, 70% gain targetLets take a look together at the volume cycle and if we make some projection from all moving average its move together up if we get some fuel.
anyway XRP were at Support level retracement .61 from all time high, and its were broke once before, if you decide to take a buy position now then put stop loss few point below support. Good Luck
Ripple facing tremendous bearish pressure!Ripple continues its drop and is seeing tremendous bearish pressure as it maintains its bearish channel formation. With continued bearish pressure, we see the first major level of resistance at 2.2225 (38.2% Fibonacci retracement, 50% Fibonacci retracement, horizontal overlap resistance, channel resistance) and a further drop could occur below this level towards first intermediate support at 1.5960 (61.8% Fibonacci retracement, horizontal swing low support) before major support at 1.2434 (78.6% Fibonacci retracement, horizontal pullback support).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.