ramonbenavides12

XRP CRoss of Death Accelerating

BITSTAMP:XRPUSD   XRP / U.S. Dollar
The rate of decay to the Cross of Death has increased from 1 cent per day to 3 cents.
The implied Cross of Death may occur in 72 hours or less.
This compares to a daily loss of 6 cents per candle. Thus, the implied price for the cross to occur is .43 per unit.

At .43 per unit the price will be 5 cents
shy of the .886 fib at .38.

There is structure support at the .40

Near term continues bearish , However, good traders know that a .886 FIB is an excellent but widely underestimated entry.

I am placing buys at .40 and ..35
Mar 28
Comment: This is the broader Picture

Mar 29
Comment: Continued Degradation ahead. Related to BTC
This diagram shows Bollinger Band Crossing 200 MA. The rate of Decay is continuing.
Price of .50 is a psychological threshold. A break below that value will see a continuation to support levels shown. Ghost feed shows impact. Buy one targe it set at .50 in anticipation of Bounce. Buy two level is .38 and Buy three is level. 27 for long positions.
Mar 29
Comment:
Mar 30
Comment: Still Valid!
Apr 05
Comment: Still Valid and the Cross occurred. More to follow.


Apr 06
Comment: Still Holding True. Look for Entry in range of .15-.27
Apr 23
Comment: Of course this is bust.....NIce uptick for XRP.
Apr 23
Comment: Also Calling the floor at .47ish
May 13
Comment: This is bust now and not good for use. However, a double bottom may form. In another analysis, I called .47 the floor.
Dear Ramon,

what is your argument for targeting .47?
Reply
@ArKain

The period of resistance lasted for about 15 days....very strong and longer than any period in the last nine months.
Reply
Dear Ramon,

Thank you for your analysis.

Could you please clarify you analysis? What is the reason behind the entry between $0.15 $0.27?

A cross death is one indicator but what are the others that support your assumption?
Reply
@ArKain,

Many apologies for the delay. All core analysis is completed by long looks (weekly) to short looks (4 hours) I use as the core the following. 1) Bolinger Band 2) Bolinger Band % 3) RSI and 4) MACD. Moving averages I use are the 50, 100 and 200.

This analysis uses converging trendlines then I utilized Fibanocci Time, Extension and Retracements to determine if there were any correlations to past structural events.
Reply
Stil Holding True
Look for entry .27 and .15 range
Reply
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