XRP 1D "How will I spend my summer"This XRPUSDT review is a continuation of a previous global idea, so it's worth reading it first.
Now, we hope that you understand the logic of thoughts from the previous idea , and let's look at the wedge on the daily timeframe.
We slightly adjusted the edges of the wedge.
The fact that during the May fall the mirrored level of $0.75 withstood the onslaught of sellers and margin calls can be considered positive, and now the trade continues above it.
Safe long we can take after fixing above the XRPUSD price of $1.05-1.10. In this case, you can expect growth to $1.70, where is the next critical level
If the XRP price begins to consolidate below $0.75, forget about the long , because the value of Ripple may fall to $0.40.
The possibility of such an option is not denied by the XRPBTC chart.
The price was unable to break through and gain a foothold above 3800sat. and accordingly headed to 1800sat. This possibility was also warned about in the previous global idea.
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Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
Xrpusdidea
XRP, Ripple - a clear entry point for the short position🔥The coin broke the local uptrend line. We have a clear key level at 91,66. If price stars squeezing to this level, it will be a great pattern for a breakout. Entry point only after retest. Don't forget about SL.
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
The Only XRP Technical Analysis You Need, Part 3ETH have 3 possible move in the next few days/weeks which are all almost identical , but no way we can tell what would it be with the current trend right now. However, if we do see it march towards it's all time high ($4000~) then expect for it to fail and come back around ($2000-2500).
I would assume if that's the move then XRP will likely dip all the way to .75
We don't have enough indicators to tell us where we will be going which usually what happens after a major correction, so we could just move sideways for the past few days until the dust settles
I'm expecting to see XRP test its EMAs and tighten the gap between 20 and 40 EMA, forming a lower highs and higher lows.
I'm looking for a double bottom or a triple bottom indication for the next few days, if we do see XRP form those, then expect the pattern to be reversed
There's a huge possibility we go back to .75 before a major break out to retest the weekly EMA and take out the swing pattern from the past bull run before heading back up.
Ciao
The Only XRP Analysis You Need: Part 2, Cheat SheetObviously this is a little bit more elaborated than the past few charts I've been posting, but that being said, XRP is still following its Wyckoff Pattern to a T.
The lines are estimates and obviously in no way accurate representation on the exact price and date that these moves will happen.
Bitcoin is supporting ETH as it goes through it's 3rd quarter of its Wyckoff Pattern, at 4th quarter ETH will take a bite at it's new all time high, and I would assume Alt coins will follow and do their rotations afterwards
Wyckoff Patterns usually lasts for years but with crypto market and the "4 year cycle" narrative in play, the patterns are obviously going to be on steroids so trade with extreme caution.
If you have any questions, feel free to comment and I will try to answer them :>
Ciao
The Only XRP Technical Analysis You'll Ever Need, Part 1Here the cheat sheet for all of you. This is obviously far from done and will try to make more elaborate and specific charts with detailed explanations. But for now I hope this chart will give you the gist of what is about to happen. Please note that the days are estimate and in no way an indication that it will happen on that specific dates.
Let me give some context. The market is manipulated by different institutions and players who knows what they are doing and they are making it look like it's all done by a single person.
They are using the Wyckoff Method on Bitcoin, Eth, XRP, and other large cap cryptos to fleece uninformed, desperate, and easily influenced retail consumers in this market since it's pathetically unregulated.
I have outlined the quarter of the first half of Wyckoff Method that XRP is going through. Since last year. Eth is about to begin the last quarter of mark up rotation of its Wyckoff Method in a few weeks or perhaps days. Bitcoin already finished it's full rotation of Wyckoff Method and that is why Eth is next.
Bitcoin leads > Eth > Large market caps including XRP
You can use this method on Eth and Bitcoin and you will notice that they all follow the same pattern, but different times. I could explain to you why but it would take more explanations.
Y'all owe me dinner. :>
Ciao.
Puppies And Pizza ManifestoPuppies and Pizza Manifesto
Let me clarify that this writing is NOT intended to be financial advice NOR a F.U.D., so feel free to take it as you may with whatever information I will be giving to you. I hope that this will give some of you peace of mind and clarity with what’s going on with the crypto market with all it’s volatility and drama.
Let’s begin.
Part 1
The world is made of patterns, and once you see those patterns you will understand.
Crypto price moves up and down because of small and large forces. If you identify those forces and what influence they have, then you can use them to trade WITH the market and predict their movements.
Musk tweets, crypto dumps. Breaking news of a partnership by your favorite crypto, crypto goes up. But what if I tell you it’s more complicated than that? That there are things going on in the background that most people do not know, even those who have been here since the beginning. Like what happens when your dog was supposed to go to the moon, but actually crashes. After a few days you find out on the news that huge investors actually shorted it. Let me give you some context before we go down the rabbit hole.
The Wyckoff Method
The Wyckoff method is a technical analysis approach for navigating the financial markets based on the study of the relationship between demand and supply forces. Wyckoff recognized that the stock market back then was unregulated and extremely manipulated by certain investors to fleece retail investors who are uninformed and those who operate the market in a simple psychological sense. He died in 1934, the same year S.E.C. was formed. Yup.
This method can be used in the crypto market to uncover intentions of super traders, who can also be referred to as “Whales”. These crypto whales are expert traders/institutions who know what they are doing and are great at what they do.
If you google an example chart of Wyckoff Method and compare it to the daily chart that Bitcoin is currently in since the beginning of February 2021, you’d be surprised how identical, accurate, and planned everything has been. You can also see the Wyckoff method in 2017 bull run, and 2020. Which is invisible to most people who don't know technical analysis.
What does this all mean and how are they related to what’s happening in crypto?
I will tell you.
The crypto market is completely and extremely, without a doubt, manipulated. Period.
Unfortunately, the crypto market has been pathetically unregulated ever since its inception, because it’s new and evolving and yes, even now with all the attention that it’s getting from different governments and institutions. If you pair that with easy and huge profits, you better bet that people will abuse it.
These people/institutions prey on the uneducated, uninformed, and people in desperate situations. They know you the way advertisers know the psychology of their customers. You can keep telling yourself that you can’t be their subject because you have done enough research and that you can outsmart the market. But you’re playing the game that they built, and you’re under their rules and systems whether you agree with it or not. You can be cute and tell everyone about your chump change profit that you made, but in reality most people will lose their money, savings, and be in debt because they treat this market like a casino, especially when the mania phase begins. I KNOW HOW IT FEELS. To be in a desperate situation especially with how the pandemic is hitting everyone, mentally and financially. I know what it feels to see a glimpse of hope to turn your life around. I know. Trust me. You have all my empathy. But I don’t want you to get wrecked because of that same hope.
Wherever huge amounts of money is involved, the scummiest and the greediest people in this world will be at it. Whether be at Wall Street, Banks, Politics, and Crypto.
This might be a red pill that’s hard to swallow for most people who have been here since the beginning and some who are new, so you’re free to take it or don’t. It’s completely up to you.
That being said, not all is dark and gloomy. I believe in the technology of what blockchain will bring, and know that once the dust settles, everything will make sense. I will repeat what I said in the beginning, that the world is made of patterns and once you see you will understand.
Maybe I will post more about this topic and elaborate about specific things in the future. Who knows.
Ciao.
XRP holders, I'll tell you a little secret.XRP is forming an inverse head and shoulder pattern to confirm change in trend, if we stay under bought for the RSI within the next few days, then we'll most likely break out towards an uptrend this week, we'll test previous resistance and turn them to support until we hit the all time high, once we hit all time high, we will be in an uncharted territory and could only use sentiments, news, and Fibonacci retracement moving forward, which indicates around $8 and the psychological $10 new all time high, until people start taking profits and we get a huge correction around June 10-15 (Q3 Corporate Income tax).
The market will see a major correction of this bull run around -50% to -70% and will most likely shake off the weak hands on the month of June.
The market will go in consolidating phase for few months. Here are the gists of what will happen.
-Around July 15, we will see the bottom of the correction, where we will then slowly rally and test resistances.
-We will see an uptrend rally and break previous resistances beginning of August until the very end of the month.
-September 1st Q4 Corporate Income Tax Correction 20-35% correction.
-October (correction bottom around the 15th) to November Consolidation
-December rally 1-25th, MOON
-January 1st, Mars
#Ripple #XRP #H1 waiting for retest and long around 1.5 -1.6 On 6th May of 2021, on H1 the XRP/USDT have broken the down trendline from 1.9 to lowest at 0.9
The break out point at 1.5-1.6 would turn the downtrendline into the resistance,
Trading Plan: Wait for retest at 1.5 - 1.6 then long target 1.9 Sl at 1.3
A macro view of the XRPUSD chart - MonthlyHi all,
I have not updated any of my ideas on XRPUSD as everything is still moving according to plan. However, I do have an update on the price targets I am seeing for this cycle as more data is now available. I believe that once the price will push beyond $2 the ATH will be reach very quick and then surpassed. The minimum targets I am seeing atm would be the $11 -$13 where the top of the Fibonacci extension are based on the previous bull cycle. I will not dismiss a blow-off top where the price can go further up from those levels but do tread carefully if those zones are breached too as there will be a high risk of reversal. My current view is that we are in the middle of wave three of five and according to my calculations that could top over the current ATH. With both the RSI and the MACD having plenty of room to the upside I very bullish on this chart.
As always, this is not investment advice but my view on what the chart is showing at this moment. Good luck and make sure you have an exit plan in place and take profits along the way.
XRP - BULL IS BACK BABYAFTER BOUNCE FROM DEMAND ZONE ON DAILY TF,PRICE CREATE HLHH AND BULL ABC PATTERN TO PUSH PRICE UP TO THE MOON
Ripple- Don't get too excited, 1.20-1.25 is the ceilingAs I expected, XrpUsd has dropped under 1usd important figure. Of course, this strong sell-off was followed by a rebound and Ripple managed to recover some of the losses and is trading back above 1usd.
However, If we take a closer look, the rise is clearly corrective in nature and XrpUsd has a very strong confluence resistance between 1.2 and 1.25
A new leg of selling can start from this point and a new dive under 1usd is probable
XRP 1D What does the market want? Continued growth or correctionIn the previous XRPUSDT idea, we assumed that the correction would start from the $1.10-1.25 zone
However, after 1-2days. came out news about Ripple's Defi Token and the price skyrocketed.
Or maybe XRP investors really decided to overclock it to a fair price in their opinion.
Write in the comments what you think about the situation around Ripple
Now the zone of $1.10-1.25 is playing the role of support and is still skillfully coping with it. Above this price zone, one should expect continued growth, first to $1.75. If this level easily breaks up, then the XRPUSD price will be met by the $2.55-3.00 trading zone.
If the corrective fall in XRPUSDT has not yet ended, then below the critical level of $1.00-1.06. Below it, there will be space for the continuation of the fall to the area of $0.70
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Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)