alanmasters

Ripple (XRPBTC) Bounces Strong From Our Buy-zone (XRPUSDT)

Long
BINANCE:XRPBTC   XRP / Bitcoin
Ripple ( XRPBTC ) is having a strong bounce after hitting just below our "demand zone", you can read about it in our previous Ripple analysis here:
I mentioned that Ripple tends to become weak when Bitcoin is bullish and vice versa, so we closed our Ripple trades and looked for this "demand zone" to buy back in.

Now we see that Bitcoin completed a bullish wave and is starting to retrace, as Bitcoin becomes weaker, Ripple can become stronger, we are seeing this scenario play out nicely, which gives further strength to the signals we are now getting from the XRPBTC chart.

  • The RSI had a strong bounce after hitting oversold.
  • High green volume bar (daily candle needs to close above 0.0000710 or EMA10 for a strong close).
  • Candlesticks formation are showing signals of a low.

Note: Remember to use a stop-loss if you open a trade for Ripple based on these signals as things can change any minute. So even though some signals are really good, valid and strong, they can still become invalidated as time goes on.

We also have a long term analysis for Ripple vs Tether ( XRPUSDT ), this can be read below:
This is just a quick analysis and reminder for Ripple fans and traders, this is not a piece of trade advice.

Thanks a lot for reading, remember to hit like now...

This is Alan Masters.

Namaste.
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Comments

Thank you master CT :) very good.
+1 Reply
@Tokvild, :)
Reply
Thank you sir for providing this analysis for XRP Fans.!!
+1 Reply
alanmasters get2raags
@get2raags, It is my pleasure, thanks a lot for the feedback.

Namaste.
Reply
your number 1 fan here. just realised I didn't get to thank you for your epic BTC 25x short call from 3990-4010! As soon as I saw you post such a ludicrous call I new I just had to long it and I made very tidy profits!

I am concerned about your phrasing "from our buy zone" on this however considering how many times you must have stopped and liquidated in recent weeks on XRP trades (ignore what I'm saying if you don't actually follow your trade calls though!)

Many thanks and god bless.

+1 Reply
alanmasters Timothie_Roggers
@Timothie_Roggers, Thanks a lot for sharing and your time, truly appreciated.

The 25X SHORT was a great one... Didn't play out though... Still good, Bitcoin breaking to the upside with this much strength is way better than being right on this short.

So I am so really happy that we broke to the upside, more money entered the cryptocurrency market, more future money for all of us.

Namaste.
+7 Reply
Timothie_Roggers alanmasters
@alanmasters, yes Alan it was very lucky for you with this chart. You were bullish on xrpbtc and bearish on usd. Despite the exact opposite essentially happening you are still able to claim that you were in principle (close to being) right on xrpusd despite having the complete wrong reasoning! Now that is what I call magic!

Your followers still love it though!!

Best regards
Reply
Timothie_Roggers Timothie_Roggers
Reply
@alanmasters Hi, do you think XRP will move up now?
Reply
The latest price of XRP is $0.354. At this time the Ripple price prediction algorithm is reporting that tomorrow XRP price will be -3.7% moving towards $0.340902, in 7 days +1.2% targeting $0.358248, in one month -12% approaching $0.31152 and in 3 months -54.7% on the move to $0.160362. The Long-term forecast is displaying that Ripple will be dropping off in value.
Reply
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