Nidalas

[MAP] XRP USD map to chart turbulent waters

BITFINEX:XRPUSD   XRP / U.S. Dollar
Another MAP series for these 2 months of bearish biais market, finally touching local reversal point (6000-->12000 for bitcoin ), and getting near a **potential** a local reversal point again (12 000 ---> ~19000 **OR** ~4700) after a very normal pullback (in progress)

No Gann , no moving averages, no RSI or indicators on this one. Just a plain good old map.

Even if we are in the neutral zone, my own personal *gut feeling* sentiment is a bullish biais. But you better be prepared for anything the market can throw at you

The purpose of this map is to refresh your memory of recent actions, to take a step back and net get caught up with emotions of short term candles, to see where we are, so you can buy and sell accordingly. Just come back frequently to monitor where we are, and reduce exposure/add more accordingly to how close we are to trendlines

Will update until we have another potential reversal point/zone
Comment: Let's see how it goes from here
Comment: Scalp trading stack profits taken

Comment: XRPbtc still in downtrend, and "relaxing" enough to continue downtrend, so be ready to switch your xrp into btc in case it doesn't follow btc enough (if btcusd rises, but xrpbtc bleeds down)

I'm expecting some slightly more upside, and then a drop to the lower region, around 0.82$ and support of the deep blue losange. From there, we could see a major rally upward. Below 0.67$ is invalidation level (meaning more down)
Comment: We did get the slight upside then big drop
Our buy levels are finally coming, after a week of waiting
0.82$ and anything below still

Comment: Well, false surprise
XRP mimic'ing BTC (I suggest to look at my analysis) with slight variations due to xrpbtc moving in range, accumulating for it's next move

We might continue to trade in range for a while, hitting the upward yellow box first. Still confident for a down to the downward yellow box in the near future. I continue aggressively accumulating swingtrades on dumps as per said on last analysis. I will unload either as soon as we touch the resistance, to get ready for the drop, or after the drop on the rebound.
xrpbtc first target 0.0001 btc, second at 0.00012
Any touch of 0.00008, and I will put a sell order at 0.00009 and wait for much lower levels

Comment: Still in purple box. Waiting for the end of the drop. Momentum is strong, so we are looking at lower levels than the originally intended support (79 and 69 cents)

Chances to revisit 0.85$ (both from above and below) are very high, for scalpers
Comment: Requested update on situation :
xrp usd still holding above support with a perfect landing, waiting for BTC's approval to keep going up
However, please refer to my xrpbtc idea to know if I'm buying XRPs or BTC for optimized swings. I only took some scalps on xrpbtc because xrpbtc is still in downtrend (means it will bleed more and recover less than bitcoin) with very minor signs of reversal (too little to invest)


Comment: A proper bull trap it was, thankfully we did not get caught up as it looked too suspicious

XRP moving nicely below the bearish biais. Wait for either an horizontal consolidation or a furious breakdown back into the previous purple downward channel to buy & hold
Thats what you said at $1
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Nidalas toddreg
@toddreg, What do you mean?
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