Looking at XRPUSD and BTCUSD, as well as XRPBTC today. Short term, Bitcoin could look appealing, however I believe long term could fall significantly in the next 4 months. XRP has a decision to make as we're coming into a pennant, and XRPBTC looks to climb. Let me know your thoughts!
Looking at XRP, BTC, both against each other and the USD. This is designed to be an educational video looking at how I execute short term trades based on bigger trends. My take is BTC has troubled times ahead, XRP will stand on its own going sideways, and in early 2020 / late 2019 we could se a big XRP bump similar to 2017, but we'll talk about that more in...
Analysis today on XRP/USD from Bitstamp & Poloniex (long term look), BTC/USD, and XRP/BTC as well. I believe we're seeing the end of XRP/BTC consolidation as we're up against resistance, and with the seemingly impending drop back to $3500 for BTC, this theory checks out. Thanks for watching! Let me know your thoughts.
Looking at XRP/USD, BTC/USD, and XRP/BTC. We've been consolidating with XRP/BTC for some time, and appear to be making a transition into a bullish phase. Also notable that BTC could potentially be in a large H&S pattern, and XRP has a lot of fundamental things coming down the pike- will be interesting to watch. Thanks- and let me know your thoughts!
Could be an interesting entry for XRP with minimal risk. Take a look and let me know what you think.
Patience is necessary. I personally believe we'll see about 8 more months of sideways motion. There are some very compelling charts on TradingView indicating that moon is right around the corner, however a lot of these are based on the assumption that there is a mirror image between the (so far unproven) resistance of previous bullish moves and support; however...
Looking at XRP & BTC since the last video. Looking a bit troublesome, however there could be a buy opportunity if you manage risk/reward properly.
Looking at XRP- there's a chance that there'll be an intrabar opportunity over the next day or so. If it fails that line of support, barring a major announcement, it looks like XRP will test .28 again potentially.
Doing analysis on XRP- since my last couple videos, we've returned to support and the market is in a consolidation period. Bulls are looking for entry, and Bears are becoming increasingly nervous- you can tell by the severity of dips after short term support is broken. Currently we're seeing higher lows on smaller timeframes and an oversold stochastic on larger...
Netflix is hitting up against resistance from previous recent highs- can see it dropping down to lows of last week.
Very interesting commentary from Steven Mnuchin, Trump's sec of the treasury, using the phrase "level playing field", also spoken by Trump, Christine Lagarde, Brad Garlinghouse Judy Shelton (Trump's Fed pick, who suggested a tokenized distribution of the gold standard) and now Mnuchin. Very interesting stuff.
Big bearish gap, slight push up, and 15m stochastic is overbought. Starting to see lower highs.
Today we'll be looking at the slightly bullish channel XRP is making, how XRP relates to BTC, and a bit of BTC analysis as well. Today I'm very short term bearish, long term bullish. I expect things to open back up and for the short term trend to flip back bullish soon, as you'll see in this video. Thanks for watching!
I see an opportunity to short here if you're looking for a quickie. Overall I'm bullish and will be particularly so at .36, but for now there's a really good risk to reward ratio on this move, likely downwards over the next few days or so. Let me know your thoughts!
Opportunity to short XRP. Intrabar support broken, currently overbought on the 1m, and hourly is overbought as well, up against resistance. Solid risk to reward ratio at about 33 to 1. Support will be strong at .36, completing the descending triangle, looking for a strong buy there.
More bullish activity over the past 24 hrs as FOMO grows. Today we'll take a look at XRP/BTC and some historical XRP/USD, as well as smaller time frame XRP price action to see where things go from here.
XRP is coming to another decision making moment before the end of the day- I could honestly see it going either way, which we'll explore during this video. Reasonable case for both based on the charts, but as you know, I lean bullish. Let me know your thoughts!
In the most recent video I did, I identified an entry point and made this trade idea for measurement purposes. As you can see, the previous green triangles are growing fractals, and I expect a huge breakout in the near future.