XRPBTC ripe for breakout: but to which side?
It's time for ripple again !
And I'm kinda on a roll today, no idea why, but I just can't stop with this sh*t lol.
So, XRP is the only altcoin that hasn't yet risen much since BTC made the last low and started rising now.
In fact, XRP seems absolutely unimpressed and the price didn't change much.
We must therefore look at XRPBTC to understand why.
XRPBTC is interesing: 95% of the time it keeps just going down down down, and then suddenly, around the bitcoin top, insane spikes !
We could see something similar happen as the last time.
There is a large triangle within a falling wedge structure in 2015-17.
Right now, a new big triangle has formed which will soon end.
If XRPBTC breaks to the downside, we might see something very similar happen as in 2015-17.
If it breaks sooner to the upside, the idea is invalidated. I see slightly more potential for a sooner break to the upside because stoch RSI is massively oversold on weekly.
Apart from the shorter term behavior, I think XRPBTC can easily reach the peak values again in the next 2-3 years. If BTC is at 100k in 2021, XRPUSD could go as high as 25-35 USD. Nice indeed!
Anyway, I'll continue to closely monitor our friend XRP here, because for me, this coin promises an interestingly high potential ROI (x100 possible imho)
Please don't start with cebtralized scamcoin blablabla, I don't really care about the features of coins any more. They can also be called coin A, coin B or coin C, I see them
as really interesting leverage instruments, not much more. The one true coin always remains bitcoin for me. However, I also want to use these lesser coins to make some nice gains,
nothing wrong with that, hehe. And for me, XRP currently has the highest potential.
That's it, and now I really stop for today XD
And I'm kinda on a roll today, no idea why, but I just can't stop with this sh*t lol.
So, XRP is the only altcoin that hasn't yet risen much since BTC made the last low and started rising now.
In fact, XRP seems absolutely unimpressed and the price didn't change much.
We must therefore look at XRPBTC to understand why.
XRPBTC is interesing: 95% of the time it keeps just going down down down, and then suddenly, around the bitcoin top, insane spikes !
We could see something similar happen as the last time.
There is a large triangle within a falling wedge structure in 2015-17.
Right now, a new big triangle has formed which will soon end.
If XRPBTC breaks to the downside, we might see something very similar happen as in 2015-17.
If it breaks sooner to the upside, the idea is invalidated. I see slightly more potential for a sooner break to the upside because stoch RSI is massively oversold on weekly.
Apart from the shorter term behavior, I think XRPBTC can easily reach the peak values again in the next 2-3 years. If BTC is at 100k in 2021, XRPUSD could go as high as 25-35 USD. Nice indeed!
Anyway, I'll continue to closely monitor our friend XRP here, because for me, this coin promises an interestingly high potential ROI (x100 possible imho)
Please don't start with cebtralized scamcoin blablabla, I don't really care about the features of coins any more. They can also be called coin A, coin B or coin C, I see them
as really interesting leverage instruments, not much more. The one true coin always remains bitcoin for me. However, I also want to use these lesser coins to make some nice gains,
nothing wrong with that, hehe. And for me, XRP currently has the highest potential.
That's it, and now I really stop for today XD
Comment:
Triangle broke to the downside. XRPBTC is extremely oversold and could bounce any time. With the altcoins you never know when they start pumping like crazy. It's everytime the same since I'm doing this stuff here, first noticed it in 2013.
Altcoins vs BTC dropping...dropping...dropping. And then suddenly out of nowhere BAM..going vertical !
XRPBTC is exemplary for altcoinsbtc, but many will now drop with regard to BTC until the next altcoin rally starts. When this will be, no one can tell. But it WILL happen. And it will be brutally epic.
Altcoins vs BTC dropping...dropping...dropping. And then suddenly out of nowhere BAM..going vertical !
XRPBTC is exemplary for altcoinsbtc, but many will now drop with regard to BTC until the next altcoin rally starts. When this will be, no one can tell. But it WILL happen. And it will be brutally epic.
Comment:
It seems the break to the downside of this large structure is happening in XRPBTC.
THerefore, I see XRUPUSD remaining in the 0.3-0.5 USD range until 2020 !
But as soon as BTC reaches old ATH, 20k, and starts making new ATHs, XRPBTC will jump up, therefore XRPUSD will surge insanely in a short amount of time.
One needs to have a lot of patience with XRP.
It's a sleeping giant!
THerefore, I see XRUPUSD remaining in the 0.3-0.5 USD range until 2020 !
But as soon as BTC reaches old ATH, 20k, and starts making new ATHs, XRPBTC will jump up, therefore XRPUSD will surge insanely in a short amount of time.
One needs to have a lot of patience with XRP.
It's a sleeping giant!
Ripple will break the triangle to the downside, so that panic is produced, many people will sell.
VPVR shows very high support at 0.000029.
And then unexpectedly, the huge spike will come (if BTC goes to at least 6500 in this rally)
Trendline breaks in altcoinland don't mean much imho. Especially not in the altcoinvsbtc.