On June 5th we generated a BUY signal for Ripple/Bitcoin BITSTAMP:XRPUSD . The Blackbox algorithm has a 50% chance of winning with a risk-to-reward ratio of 1:5 or better based on historical results in 80+ coins and more than 400 historical signals.
The Blackbox is derived from 15 years experience from institutional trading in currency and futures trading and...
Coin of the day is Ripple.
While bitcoin is slowly gaining, altcoin markets went int correctional phase. Ripple – one of the coins that trying to separate itself from bitcoin, talking that correlation in XRP and BTC prices will not remain.
Ripple CEO Brad Garlinghouse talks:
"There's a very high correlation between the price of XRP and the price of bitcoin, but...
$XRP currently liking the climb of $XRP, recently I have been on the button with these calls so I'm excited to see how this next part plays out. We have completed the head and shoulders and on our way up. To get a possible Idea to where we should come to a halt and begin to fall back down, you simply take the length of from neckline/resistance to to tip of head...
The climb up to re test 0.0000830 is possibly in the formation of an ABCDE ascending triangle and on a larger scale the right shoulder of a bottom head and shoulder. Before it can be confirmed it needs to break through a strong Resistance zone of 0.000082547 - 0.000083019 to confirm the neck line.
The targets I set in previous charts (CHECK RELATED IDEAS) have hit for $XRP. Onto test another major resistance and then $XRP can break free from being under 0.000100 sats
This is not trading advice. I use these charts for education purpose and for fun. Constructive criticism is welcome
2 straight forward outcomes. If $XRP shoots up into green zone things are looking good, but, if it falls back into red zone 0.0000779 it's another long climb back up to test 0.0000829. Green area has strong resistances and if are broken it is gonna be an upward trend for Ripple.
This is not trading advice. I only use these charts for education purpose and for...
On the 1 hour chart, I've noticed a pattern. XRP climbs up, corrects into a triangle breaks and drop, in which is forming a double top Adam and eve. For now it's ok, this could lead us onto our d wave and then our rise to wave e. At the moment, forming another triangle which could give us the "eve" top but which is usually followed by a drop. But if this shoots up...
How I see $XRP forming out in the future to come (1 DAY CHART). An upward trend forming - It will be a slow climb at first but that's not all that bad compared to a spike up that retraces nearly 75% on the way back down and only lasts for less than 10 days. I see ripple finally making the climb up with a wave 2 correction nearly finished and a wave 3 brewing up....
This is an early guess but I'm starting to see upward momentum building with XRP. It looks like to have finished a wave 2 correction which retraced wave 1 of 0.786 on fib retracement. If this is correct I see possible rise to 0.000150 sats over the next few days. If this wave count continues to stand corrected I don't see wave 4 falling too much because of wave 2...
A look at XRP purely based off XRP.
Just patiently waiting for XRP to complete it's accumulation. A bit of an early Wyckoff map, will update as time comes along
Look like we are starting Phase B of accumulation. Where volume has picked up and there is some volatility.
Im expecting another move to the downside for either another ST, or a Spring, followed by a test...
Looking at fractals on XRP. IF the fractals play out, expect a pump with in the next 10 days to around 1050sats. If this occurs, it may suggest confirmation of fractals playing out, and therefore, the next move would be to short XRP at around 1050sats. This short would be a longish term position, with a slow bleed playing out. If this move plays out, then I expect...
$XRP next move could play out something like this. If you're bearish look at the bullish sides play out. If we break the bold white (resistance) line with force and stay above it I am still bearish on Ripple. After it breaks through I expect Ripple to increase significantly.
This is not trading advice. I do these charts only for fun and education purpose....
