BITSTAMP:XRPBTC   XRP / Bitcoin


Hey I'm new to trading but I try to focus on a handful of coins to really get a feel for their specific behavior. In this Idea I see the momentum of XRPBTC changing a little bit. I tried out some indicators and this combination of FIBONACCI Retracement , MACD and a Cycle Indicator have been very accurate if you look back at the whole chart. I think XRP will test the 0.38 Fib Level. My idea is to swing some XRP into BTC when we approach that Fib Level.

DON'T FORGET : I'M JUST A NOOB TRYING OUT SOME INDICATORS.

I hope this works out.

Have a nice day
Oct 12
Comment: Even though it did not play out exactly the way I anticipated, I think that there is some kind of mini triple bottom forming now. There is definitely some resistance and I still think that we can squeeze some more BTC out of this. Hold tight!
Oct 12
Comment: Okay Guys last comment before we make some sleepy sleepy time. This is a very crucial point in this trade idea. We are still fighting against upper resistance line but we made a third bounce which indicates good support. On lower time frame we are breaking through the resistance. I wish you all good luck!

General advice: It's a very special time in the cryptomarket where it's superhard to outperform Bitcoin. So don't get greedy. Set your goals. Increasing your BTC amount by a few % is already a big win at this point.
Dont you mean buy XRP against BTC probably a good idea at the lower level thanks for analysis tho
Reply
m0th susieessie
@susieessie, Yes I guess now would be a good time to THINK about moving some BTC into XRP.
My idea was to get a little bit more BTC in the short term so you can now buy more XRP. Unfortunately we did not attack the 0.38 fib level but this small momentum swing could have gotten you at least a few % more BTC.
Reply
we are in the same boat bro Im here since around June, good luck with this and I will follow to see how you get on with it, looks like you are learning day trading :). Im myself long on ripple atm at least until after the conference on the 16th
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out