rgeddes

rgeddes

First we hit .51 then .56 XRP did a very quick turnaround before pulling back slightly. As you can see XRP is still very much following the patttern that I charted days ago - except with more speed and volitility than predicted. Ripple is still very much tied to bitcoin - but other coins like XLM have proved that that relationship can change and a coin can...

rgeddes

Its amazing how quickly things change in the world of crypto. Since my last chart XRP has completed the entire pattern that I thought would take at least a week to play out - played out in a matter of hours. Now that we are moving sideways at about .51 it appears we will move up to the .54 if not the .56 in the next day or two of trading. I'm sure some of you...

rgeddes Updated 

The bad news for Stellar is we are probably going to hit .17 today. The good news is we are likely going to turn around and hit .21 in relatively quick form. Many of you can see the H&S patter that we are completing . It looks like the right side still has further to drop before we see a recovery. Long term XLM prospects are good. It seems like most alt coins...

rgeddes

BTC has been moving sideways for sometime. Most of you have purchased at this level and are waiting for the next wave. If you have positions at higher price points I hope you have bought them down! BTC is having the same problem it has had for weeks "failure to launch". We've been in a pattern where we build up to 6800 and test the resistance zone and then...

rgeddes

It looks like XRP bottomed out at .42 - we seem to be recovering. A reversal seems to be in play for BTC which should bode well for the price of Ripple. We should see a turnaround to at least the .48 range before we see any correction. Once we hit .48 we will probably band sideways before we start testing the higher limits of the .50 Hold if you have -buy if...

rgeddes

XML performed better than expected since last chart. I called a .17 high before we blew through that to about .21 We are currently sitting at .19 it looks like the higher positions were tested and rejected. We are continuing to move forward. Both the BTC and XLM charts seem to indicate a double bottom reversal about to happen which should bring us back in the...

rgeddes

I predicted a drop down to .43 which we've hit for a second time in less than two weeks. Ripple seems to be following BTC much like the other ALT coins. This is regardless of any positive news - its not a reflection of the Ripple project. Cryptocurrency unlike stocks do not trade on a price to earning basis so valuation. Ripple is difficult to evaluate with...

rgeddes

We've now begun tracing the entire right side of the structure we've been building since the beginning of July. BTC rejected the 6800 and the 6400 level which has thrown us back down to the 6200 level. At this point we are hoping for a reversal as it double bottoms - but there is a possibility of dropping back down to 5800 again before we make a run at it. I'm...

rgeddes

XRP did almost exactly as predicted in the last analysis. I called the price dropping to around .43 before we bump up to .50 The weekend kept us propped up well above the .43 mark as the top of the patter completed. Now that we have double bottomed in the .43 range - we will start making the climb to .50 This is still a fantastic "buy" opportunity. Selling...

rgeddes

My Last BTC analysis I mentioned that we were going down to bounce off the 6300 before moving up again - here we are. Weekend trading finished with us having tested the resistance levels at 6800 and not being able to break through. We continue to band between the 6400 and 6800 mark as the market continues to reject a higher price. We will be experience a...

rgeddes Updated 

XRP has been a bargain at current levels relative to how it normally trades. We have been in a bear cycle for some time and it now seems like we are building to break out of it. In today's trading I expect to hit a low around .45 before we begin building again and challenge some of the other resistance in the .50 range. This weekend should bring us to .50 but...

rgeddes Updated 

XLM looks like it is going to drop to the 3k sat mark before moving back up to 3.2k sats. It will likely take the weekend to complete this pattern but we will bounce at 3k sats before we move on up. Stellar appears to be preparing for a bull run - this weekend may be a good time to take positions at 3k sats before we move on up and possibly never see these lows again!

rgeddes Updated 

BTC continues to trace what appears to be an H&S pattern. We are currently working on the right side of the pattern which means we will likely see a push to the 6600's before a drop to the 6300's where we should bounce back up through 6400 and 6800 in a more convincing manner. The right side hasn't completed yet so this is still unconfirmed. What we can say is...

rgeddes

I am bullish on XRP as a stake holder - but I can't deny what I see in the charts. XRP as I have predicted in previous analysis moved up to the .50 mark after flirting with lows around .42 It appears we are forming a head on an H&S pattern. We wont know until we have confirmation on the right side - but if you are looking to short the trade you should be...

rgeddes

BTC has been moving sideways for some time. We have seen the price bottom in the 5700s twice before moving back up to our current price. If you look at my previous chart - I almost perfectly predicted our current price and time. The major resistance points are 6800 and 7200 - we need to break through 6800 in a convincing fashion before we move into the 7200...

rgeddes Updated 

Yesterday was a good day for BTC - it seems we have double bottomed and reversed which has left us in a sideways pattern around 6400. $6400 has always been mentioned as a major resistance level. The current pattern continues to challenge 6400 and hopefully we have the momentum to break through it before we challenge 6800 and 7200. In the short term - low volume...

rgeddes

XRP has been moving "sideways" since the last chart. There are two circles on the chart indicating where I think XRP will make a decision as to which way to go. BTC has been moving in a similar manner and its important to consider what BTC is doing relative to Ripple. There are three possible scenario's that I can see happening - all of them require no action...

rgeddes

I am a writer and full-time entrepreneur in addition to trading crypto. One of the benefits in following a market that never closes - is that huge chunks of time in between trades are mine to do what I want with. Many of my businesses require the occasional bout of "hands on" management - usually this doesn't take a lot of time and I am able to focus on both...