Keep it simple!
Green box is where you buy, Orange box is where you take profit. At each profit target I take out 20% of my initial trade.
So far XRP has tested our first entry zone and held at the green box. XRP has also made a higher low, suggesting that this support will hold for now. However, I wouldn't be surprised to see a wick through the green box...
XRP diverted down forcefully from the overhead opposition of $0.31491 on 7 November. In spite of the fact that the bulls shielded the help at the 50-day SMA, they couldn't support the bounce back. This shows selling at more significant levels.
The 20-day EMA has begun to transform down and the RSI has dunked into the negative zone. This proposes bears have the...
Hermeneutics is the theory and methodology of interpretation. The tradition of Western hermeneutics starts in the writings of Aristotle and continues to the modern era.
Dont be fooled. Review the price points I mentioned earlier as to what would happen if we break below the rising channel.
We head to .24 - .21 cent zone
A quick break down of XRPBTC, we see a Double Bottom forming, a famous W pattern at the 0.000031200 Sats, after the previous trend up from the Bottom at 0.000030500 Sats, if we Close tonight and stay above 0.000032200 we are good, if above 0.000032600 then we are in a stronger rposition to break the trend and Impulse in an upward direction. A possible Dragonfly...
BEFORE YOU READ THIS PLEASE UNDERSTAND THAT CORRELATION DOES NOT MEAN CAUSATION!
The only way you can do this is by overlapping the charts. You cannot see this unless you do that.
This shows some correlation between XRP and OIL traders. You can call me crazy but thats what makes me successful. Looking for things that aren't common.
Something I found here ...
The graph shows that Bitcoin begins to fade in the face of the Ripple XRP; the party will begin but do not panic, because the price of BTCUSD is quite low.
Being the reference currency in the Crypto market, I think that it is very important to refer first and foremost to the altcoins prices against Bitcoin, a bit like the major currencies in the Forex...
I don't think we should expect any shuttle launch to "moon" as long as 0,23$ area (Stamp) is not re tested. If breaking lower we could see 0,19$ levels. BTC which is set to dump to sub 9K levels could drive most alts down.
Lets see how it plays out. Trade safe all.
Not advice for your financials, only for entertainment, my opinion.
A few months ago I made an XRPBTC Chart that had a little bit of potential and optimism, but even to my surprise it sunk below 3850 sats significantly into the mid 2000s. Even with Ripple announcing slower dumps on the market, I think it's too little too late and enough people have realized it for...
I have spent some time now trying to make sens out of present move based on the past ones.
Lots of people thought bear market was over and correction done last September (Yellow wave count) however, fractal from top April 2018 to bottom August 2018 is perfectly aligning on top of June 2019 till now indicating couple of days sideways and a severe drop to sub 0.23...
I'm very bullish for XRP for the long run, but this looks very bearish for the short term. I think we will be headed lower, especially if BTC continues with its run. But as soon as BTC is going to correct (30% to 40%) we are going to see XRP fly.
I found something very interesting about XRP, which leads me to believe that something big is gonna happen to XRP/BTC pair. Looking at the RSI we clearly see a real divergence happening. The last time this happened, Ripple exploded to the moon.
This time it can happen as well. However I think we have to observe the BTC price, as a huge rise in Bitcoin...
This chart is self explanatory. Using support and resistance confluence point gives us key level.
Possibly heading towards 0,31 and test 0,34 area which will be a crucial level. breaking through should allow us to see further upside later this summer but this is too far off to predict.
This is no financial advice.
Supports—> S1: 0.000046 & S2: 0.0000415
Resistances—> R1: 0.0000545 & R2: 0.0000585
Supports—> S3: 0.000037 & S4: 0.000041
Resistances—> R3: 0.000062 & R4: 0.000065
This XRP/BTC chart shows the negative correlation of BTC with XRP. BTC has been increasing in value since mid...