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XRPBTC trade ideas

XRPBTC DO or DIE TIME!!We should get a bounce from here... (0,00002500 Sat ) - bull flag - 27 MA support 2D, 10D, we have 21/27 weekly MA and 50 weekly MA - Stoch RSI daily at the bottom I expect a positive flip. for now, I am aiming for 0.00003360 SAT as a target. we have money 21/50/300 MA as resistance and also monthly close from last m month. - What I want to see weekly 21/50 MA bullish cross - price breaking 0,00003360 sat with strong volume which is also 0,702 fib retracement at. if we break below 0,00002464 sat daily close I will exit from this coin.... this means price going below 21 weekly Ma and also breaking big support I see no hope for it Target at this moment: 0,00003360 ( 21 Monthly MA) 0,00003774 (200 MA weekly, 50 MA monthly as resistance) if we can clear these 2 target expect more explosion form XRP Must hold/support: 1: 0,00002460 ( this arena been acting as support and resistance since 15 September 2015) 2:0,000021xx
by CryptoUltron
1
Swingtrade Quickpost: XRPXBT shows overall market bias.XRP basically is the whole cryto market on stimulants in bull markets and on downers when in bear markets. For years it was called a stable loss coin and then it showed a whole lot of life for the week before Thanksgiving before dumping. It seems clear now that there was a descending that has broken to the downside and now I am just waiting for this continuation pattern to develop. It is still a bit early to call it a pennant or rising wedge or symetric trianlge and each of those formations has a different precice target so I have boxed out a range. Two of the of the most obvious places for the continuation pattern to find resistance are the long term EMAs I am showing as well as the base of the triangle. If XRPXBT is looking at falling almost 30% I would be guessing that BTCUSD would be looking at a 20-30% drop and XRPUSD would be looking for a 50-60% drop. Due to what I have seen in the eurodollar (GE1!) price action have closed my crypto holdings, moved to fiat, and am shorting. XRPXBT will be one of the charts I look at to judge when the broader market is done selling off if I am correct. And I have to be transparent, my bias has changed to bearish over the short term based on some larger things I am seeing in the market. I don't want to be the guy who is always looking for one last dip. My bias will be invalidated in part by watching how the 200 EMA will act. It is falling rapidly and think when it hits price action we will see the dump I suspect is coming. Below is a downtrend from this August which I think would be a reliable fractal to look for repetition but on a different timeframe. All in all a quicker consolidation, a higher high and a higher low is macro bullish but it comes after one last beating. I'll look at stepping up as a buyer when we get to target or the 200 is support.
Short
by This_Guhy
2
XRP/BTC : What are the important areas? - Airdrop approachingJust wanted to give a quick update on XRP/ BTC - the airdrop approaches on the 12/12/20 and every holder of XRP will recieve 1 SPARK token for every 1 XRP token they hold. It sounds great on paper - but many new investors see this as a easy way to make "free money", the risk being after the airdrop occurs the main token can plunge leaving the investor with a largely devalued asset & if the free token from the airdrop does not hold value you put yourself in a bad position. One strategy you can use to prevent this is using a trailing stop loss, or manually raising your stop loss as price increases. You may get knocked out and lose your chance at a airdrop - but more important is not losing your initial investment or having a extremely large dint in your portfolio from bag holding a failed airdrop hype. Right now XRP is showing some Bullish signs - for example the Bull Pennant pattern (where price makes a straight run upwards then converges inbetween a small wedge with 4 touches, a potential sign of continuation upwards) but signs are just that until proven true. We are still under some important resistance areas, and i give a warning that if XRP BTC loses the key support area of 2900-3000 a significant decrease in value is possible. The Bull Pennant pattern is not the only mixed signal here- it has a high success rate - but all patterns can fail. We have been making consecutive LH's Lower Highs which are a sign of a downtrend continuation, but we are also making a LH (Lower High) which is a sign of a uptrend continuation so XRP is coming to a pretty crucial area and we should see confirmation of direction soon. The fibonacci tool is usually drawn from one key swing point to another - and gives us potential key levels to watch. It is quite common for the price to come up to the 0.618 fibonacci and decrease in value, rejecting from there. Right now XRP has currently come down from that area, aswell as a Supply Cluster (if you dont know what a Supply Cluster is; click on the below linked idea for a in depth guide on how to use them in your Technical Analysis ), basically a Supply Cluster is a small rectangular formation where a large decrease in price occurs from - when price revisits this area it is common for it to decrease in value once again. These factors lead me to believe that short term the 0.618 & Supply Cluster is the most important point of reference followed by the support under us. So while we are under the 0.618 resistance area i would be wary on XRP. If it does start to increase in value as a trader i would definately consider a plan to take profits and be out of the trade before the Airdrop ends if thats what your aiming for - or know where your going to cut your losses if thats the case, as mentioned under 2900-3000 satoshis can see a large retrace with a potential of moving down towards 2400-2500 satoshis. If you were wondering what the zones you can see on the charts are - they are explained in the bottom linked idea :) Thank you traders, if you found this post informative show your appreciation by giving us a like or comment!
by Worth_The_Ri5k
A STRONG BUY BIAS ON THE 4H XRP/BTC chartGoodday, Dear Trader on the XRP/BTC 4H chart we can obviously see the Following confluence reasons; 1. Series of Retest on The Major Support Level, despite the predominant downtrend, we can only see a couple of fakeouts from the support, but it's still very much valid. 2. A range/consolidation in price currently, showing that the impulse of the Predominant Trend is getting weakened and might Turn out to be an impending reversal 3. Breakout and retest of a well respected Trendline, That combines to give a Descending triangle
by GREATNESS4EVER