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XRP / BTC - TURNING BULLISH AND HERE'S WHY - CryptoManiac101

POLONIEX:XRPBTC   XRP / Bitcoin
XRP / BTC TA

Here we're looking at several different indicators and fractals. Right from the start we can see that there are 3 distinct patterns that repeat. Let's go over them...

1. RSI - RSI is currently at 25 levels which has NEVER EVER been seen before on a weekly chart. Lowest we've seen was around 27 levels. With that said we still see similar RSI drops for Jan, Feb, Dec 2017 and Sep 2018 - ALL of which have been followed by a massive pump from 178% to 5,000% in a matter of weeks.

2. MACD - just like seen in November 2017 and December 2018 we're at downward channel for MACD with possible bull crossover in next few weeks.

3. MMAR - MMAR just like RSI and MACD show us nearly identical movement as before with MMAR 's turning bear red color just before an immense breakout was seen.

To this we can also add the trend line which comes in at roughly 4400 sats . We also have liquidity zone with double bottom in between 4200 - 5200 ranges.

What does all that mean?

If we just look at the patterns and indicators we're presented with, we'd say that a breakout should be expected within minimum of couple days to maximum of few weeks.

This is not a financial advice, just a simple observation of XRP / BTC

PRIOR XRP / USD / BTC TA





Comment: Weekly candle closed as expected - we're close

Comment: Bounced off trend line
Comment:
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Comment: Biggest Misconception About Crypto Market Cap

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Yes, the level is very strong, we are waiting for a shot from this level. If there is no growth now, then the dive can be deep.
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You are delayin' a bit mate :)




Happy trading.
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Interesting!
+1 Reply
I think it will bounce now on the weekly EMA200 - as last time.

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I think the exact opposite is true on XRP. Giant descending triangle on XRP/USD, we all know what happend when btc made one, now it is time for XRP. Descending triangle's have a 70% breakdown chance, if it does breakdown it might provide a nice shorting opportunity.

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futuremihai VincentBoudewijn
@VincentBoudewijn, 70% is low chance. Wouldn’t depend on that.
+1 Reply
maybe
+1 Reply
This is accurate TA on XRP/BTC or XRP/USD.

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YOU ALWAYS BULLISH BUT XRP HEADING DOWN FOR MONTHS ALREADY AND NOTHING WILL SAVE THIS SHITCOIN.
+1 Reply
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