Haceru
Long

Ripple just announced the $55 bln lock-down ... watch it explode

BITSTAMP:XRPUSD   Ripple / U.S. Dollar
Let`s see if $0.28 holds as resistance or not ...
Comment: First major hurdle at $0.25 - we have again "The Battle of the Quarter" - episode 3
Comment: Bullish pennant on the 15 minutes chart:
Comment: BTC price drops 12% = 2,000 USD ... drags XRP along
Comment: OK ... so a few hours later, I think we are safe to say we have a nice up trend forming. We can see a very nice bullish divergence on the 1 h chart just before the "uplift". Also, I marked a few targets based on Fib levels, just to see how it works:
Comment: Looks like I guessed the first part ... Now we are (again, for the countless time) getting ready to test the major resistance level of 25 cents. Let`s see how that goes this time:
Comment: OK ... another update as this unfolds:
- it seems the first resistance was a little under the 25 cents mark, at $0.245
- it seems the first retracement was the 0.5 Fib level, not the 0.382, at $0.224
- it seems BTC is either correcting lower (down another $2000 to this point) or the FUD of futures contracts will crash it to who knows what level, dragging along the alt coins.
Definitely worth watching :)
Comment: For the moment nothing interesting, as usual ... XRP struggles to get past $0.224 resistance level; consolidation and squeeze on the BBs:
Comment: Once again, the resistance level $0.245 proved to be too hard to break ... seems like a double top forming on the hourly chart:
Comment: Here we go again ... "The Battle of the Quarter - episode 5":
Trade closed: target reached: End of the line for XRP on this run. Nice profits, $0.28 was broken but everything came to a halt at $0.306. Overbought, double top, huge "walls" at $0.3 etc.
target?
+1 Reply
Haceru SaeidKarimzadeh
@SaeidKarimzadeh, there is no target for something like this ... the timing of the announcement in corelation to the BTC market and the way the XRp charts were looking at the time of announcements doesn`t really make too much sense for me yet. As a proof, the first major hurdle, the infamous $0.25 ... is already too much (%20 gain from a major announcement ??? ). So ... I am afraid that this would be a very short-lived hype and then we will resume the "sell the news" habit of XRP until better times
Reply
@Haceru, You are corrected. I had fallen in this situation sometimes and bought some xrp at high prices. i just short in this case, will buy again once btc price is stable.
Reply
Haceru sonlamhut
@sonlamhut, sorry to hear ... thanks for the comment and sharing
Reply
@sonlamhut, And now?
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Haceru Enhancement321
@Enhancement321, now I am extremely upset because finally, after 7 months, the big "market makers" behind XRP decided to pump it to new ALHs
Reply
@Haceru, You and me both, you are not alone on that. The South Korean investors took everyone by surprise. There could still be a correction (aka dump though).
+1 Reply
Haceru Enhancement321
@Enhancement321, thank you for this :) will live to fight another day :)
Reply
@Haceru, There are still many other opportunities in crypto in 2018. Though by 2019/20 I think the ship will have passed. But who is to say?
+1 Reply
sonlamhut Enhancement321
@Enhancement321, don't try to catch a fast running train. Unless your purpose is for long term.
+1 Reply
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