Jay3000
Long

XRPBTC This is why I'm bullish! PART 2

BINANCE:XRPBTC   XRP / Bitcoin
Here is another similar set up on a different smaller time frame. ANOTHER reason I am SUPER bullish
on XRP right now.

As you can see we have another falling wedge with the 5th and final wave in Elliot Waves complete.

There are also 2 bullish divergences on the RSI+MACD! Not to mention a few more hidden ones in the
RSI

The TD Sequential indicator just flashed another 9 BUY signal! This TD Sequential signal paired up
with the ever so close impending cross overs on the Holy Grail indicator = exciting times!

The Holy Grail indicator is a little complicated but it is extremely useful if you know how to use it...
I've been using it for years. For this analysis I'm going to keep it simple. If there are enough interested
people to get 50 likes I would gladly do a full detailed introduction to the EXTREMELY handy Holy Grail
indicator.

Ok, time for the brief intro to the Holy Grail indicator...

The green and teal line on the holy grail indicator are highly reactive lines good for FAST MOMENTUM trades.
Teal is less reactive than Green.

The red line and the pink line gives more of a big picture of the local time frame. However, the purple line
gives an much larger view of trend. Red and purple, BOTH of these give GREAT crossover signals. The pink
line is some where between these two zones. Mid Range.

It's a classic dynamic of slower is more certain but misses some good opportunities, and faster takes most of
the trades but takes many positions.

Back to the Chart

When the green, pink, and teal lines cross through price it should be enough to push price up through the
falling wedge . Remember it has completed its 5th and final wave. OH right and the TD Sequential flashed
a 9 candle buy!

Then the red line waits just outside the falling wedge ... Also remember that the red line is our 2nd most
powerful crossover signal!

Now you can understand why these chart formations coupled with other indicators has made me so BULLISH
on XRP at the moment!

Please remember to drop me a like! 50 Likes and I will do a detailed break down on the ever so handy Holy
Grail indicator.

In the image below this is the 4 hr chart. the red and purple lines are even closer! Even more so in smaller
time frames! XRP bull are about be be awoken finally!
Comment: In the image below is the 3 Hr chart. Notice how close the crossovers are! OMG this is close!!!
Comment: Still in the wedge!
Comment: The picture above and this one here is XRP/USDT! This is a bullish set up with the holy grail indicator!
Comment: Here is XRP gaining against BTC! Looks like a matter of time before the price surges in USDT aswell!
Comment:
Comment:
Comment: Looking super bullish in the 12 Hr timeframe aswell. Dropped a TD 9 buy signal with a nice crossovers setup!
Comment: Just getting fired up on the 30 Min....

Comments

Still in the wedge with that last drop! INFACT the way the lines have transitioned to the top kinda makes me horny... 30 min Chart BTW

+1 Reply
Jay3000 Jay3000
@Jay3000, this is a screenshot XRP VS USDT. Price in USDT will rise soon!
Reply
Hello. I've just discovered your analysis on this site and I like your work. Out of interest, you seem quite bearish on btc but bullish on xrp. At the moment altcoins seem to follow btc. Do you believe that xrp will finally diverge from btc? Or is this just a short to medium term bull run before a larger drop? Thank you and keep up the good work.
+1 Reply
SalMo SalMo
@SalMo, just realised your bullish xrpbtc not xrpusd
Reply
Jay3000 SalMo
@SalMo, just keep in mind this falling wedge still has room it may float downward for a bit...
Reply
Jay3000 SalMo
@SalMo, Correct i do believe there is a chance when IF BTC falls that some money will finally shift into XRP. Either that or IF BTC goes up that XRP will gain more than BTC. Thanks for your question and feedback much obliged!
+2 Reply
keep us updated please!
Reply
Jay3000 edersonmateus
@edersonmateus, Absolutely
Reply
Muito bom sua analise amigo!
Reply
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