SEC
XLM Decision making time!XLM broke out of its bearish downtrend after a 100%+ move from the XRP case verdict. After this breakout, it had a solid pump and is now sitting right below resistance. Ii can see XLM pump up to .1670 before being rejected but if it fails here I would wait for the purple line below to get retested again before entering a long trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
This is not financial advice. This is for educational purposes only.
Ripple Setting Up for Another Major Breakout Soon??There's a lot to take in with this small 4 hour chart on XRP, but before we get into the bullish talk, lets take a moment to recognize that there is bearish divergence with a peak on the RSI. Hence the reason for the most recent pullback in price.
But has it finished playing out yet is the question?
We ask this question due to the fact that theres is a bullish pattern forming that is also giving us different signals on the same RSI.
When we look at the recent swing high on this 4 hour chart, we can see that something that resembles what is called a 3 Rising Valleys pattern is forming and although you typically trust these only at the bottom of a downtrend rather than at the top one.. the triple hidden bullish divergence that has now painted could be giving us a signal of a continuation of trend.
If this is the case, it is my belief that Ripple will have targets of around 1.04 and ultimately 1.25 eventually.
XRP/USDT Technical Analysis ( $10 Target is Next Bull Market ? )XRP/USDT Technical Analysis: Retracement and Targets
In this XRP/USDT technical analysis, we'll explore recent price movements and potential retracement levels. Please note this is not financial advice, and always do your own research.
XRP Price Overview:
XRP is trading at $0.77, surging 100% from the bottom level after the SEC clarified Ripple is not a security.
Expected Corrections:
Possible retracement levels:
0.5 Fib = $0.6983
0.618 Fib = $0.642
0.786 Fib = $0.5618
Strategy and Caution:
Avoid buying in FOMO, prioritize risk management, and research before investing.
Long-term Targets:
In the next bull run, XRP may reach $5, possibly hitting $10.
Accumulation Strategy:
Consider accumulating during dips, especially between 0.618 and 0.786 Fib levels.
Key Levels:
Support: $0.6983, $0.5618
Resistance: $0.88, $1.27, $1.60, Moon
Conclusion:
The recent XRP price surge shows promise for the upcoming bull market. Be cautious, conduct research, and invest wisely. Happy investing!
Follow us for More Quality Updates for Bull Run.
Thank you
Trade Alert - Take Profit XRPTraders,
As suspected, a favorable ruling on XRP. Head and Shoulders target was achieved and more. I held to .75 cents and sold half for profits. The remaining balance I will hold with a breakeven stop out.
Congratulations who followed me in this trade! We were able to double at least half of our trade. I have a feeling the remaining balance will do even better but we may have to hold it for a bit.
Stay Tuned,
Stew
๐ฅ XRP Perfectly Timed Reversal: UpdateLast week, just after XRP's massive surge, I made an analysis about my game plan for this token and how I planned to approach it. See below.
As explained in my previous analysis, I wanted a move towards the 0.5 and 0.618 Fibonacci Retracement combined with an oversold RSI on the 15 min timeframe. Congratulations if you took the trade!
Thus far, the trade has worked out perfectly. I'm waiting for a move towards 0.90 to take profits. For more risk-averse traders, now is a great time to take some profits off the table.
XRP Not Yet- So first at all, i want to say i really have respect for Ripple Community because after all fuds, this community was brave enough and patient to support Ripple, if i was Ripple CEO, i would discern an " Hodling Oscar " or make a "Free Airdrop".
- Right now some of the news are talking about Ripple could win against SEC.
- Be carefull, you already experienced in the past, that often it's like " Buy the rumor, Sell the News ", you had the live proof with ETH 2.0 Merge.
- the real problem with XRP is last ATH is lower, in 2018 XRP pushed to 3.30$ish, in 2021 XRP ATH was only 2$.
- i really post this as trader, and i hodl some XRP (and XLM), because "Why not?".
- Diversify is the best way to be in at the good time.
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- Okay lets back to pure trading strategy :
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- Right now there's nothing to buy, absolutely nothing.
- XRP have to break 0.6$ ( EMA100 ) and breakout the downtrend, so i recommend a buy around 0.7$ to be safu.
- if XRP fall down again i suggest to wait and rebuy around 0.3$-0.25$
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- TP1 : 1.29 ish
- TP2 : 1.95 ish
- TP3 : 2.95 ish
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- i will post some olders XRP analysis in comments.
- As always Stay S4fe.
Happy Tr4Ding !
๐ฅ XRP Fibonacci Game Plan After Massive NewsEveryone has seen XRP do some crazy things yesterday. Won't go into that in this analysis, but we can all agree that it's generally great news for crypto as a whole.
In this analysis I want to take a look at the coming ~2 days and how I will approach XRP. There's a lot of volatility around this token, which is risky, but offers great opportunities.
I'm patiently waiting for the price to make a move to the purple triangle area, between the 0.5 and 0.618 Fibonacci retracements. At the same time, I want to see the 15m RSI hit oversold levels.
In my eyes, this is one of the best potential entries that we can get. Target will be the 0.90 area, with a stop preferably below the 0.618 Fibonacci retracement line.
XRP: Price levels and price action analysis Today's focus: XRP
Pattern โ Breakout
Possible targets โ .90 โ 1.00
Support โ .52 - .54
Resistance โ .90 - .92
XRP soared on Thursday after Ripple Labs won a partial victory in their court case with the SEC. This is a big deal for the crypto industry, lifting the broader market. A judge ruled in favour of Ripple that they didnโt violate federal securities law when selling XRP tokens to the public.
Ripple jumped after this news hit the market and quickly hit .92 before pulling back. In todayโs video, we run over the price levels and price action we are watching moving forward after this move.
Have a great day and good trading.
XRP Court Victory ! Ripple's Impact on Crypto Landscape !!The recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season.
With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space.
This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin.
The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market.
The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins.
The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities.
Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list.
This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins.
I think XRP could easily reach $1!
Looking forward to read your opinion about it!
Ripple Breaks Out Of A Triangle And Moves Towards 0.8-1
After a break out of a triangle two weeks back on Litecoin, Ripple now does the same after a huge win in its case against the SEC.
This is also good news for some other ALT coins of course, but don't fall into the "over-crowed" trade here. Price is approaching imp. 0.8-1.0 level.
However, price is approaching some technical resistance here at 0.8-1.00, so dont fall into FOMO. Be aware of a pullback as this can be a bit over-crowded reaction. Everyone are looking to buy now... Elliott wave suggests to wait on a retracement, ideally, next big wave E.
BNB Versus BTC: A Grim PredictionAlthough this is probably becoming a more 'mainstream' view, I still believe BNB has lower to go. I mainly think that shorting BNBBTC is the best expression of a negative view on BNB and Binance broadly, as I think BTC will probably go higher over the next few months.
As Binance struggles with all these lawsuits and faces issues in and out of the US, its competitors are rising. In my opinion, all exchanges will face lawsuits from the US; it's just that Binance is the biggest target. Recently, regulators or Binance revoked some of its licenses, like the UK, Belgium, Netherlands, and Cyprus.
It's been clear for many years now it has done many shady things for which it would eventually have to pay a heavy price. It's unclear how dire the consequences will be, but it's unlikely that they will escape unscathed. There are also many big questions around BNBchain, which is heavily centralized and controlled by a few people.
BNBBTC peaked when FTX collapsed, a clear sign to go short. Why? Because regulators would have to become more active and mainly focus on Binance as it was selling its FTT and was partially blamed for the collapse. But how low could it go? And why?
In BTC terms, the minimum target is 0.0065. It will probably test that high and sweep the double bottom left untouched. However, as time passes, I think it will go significantly lower and potentially get as low as 0.003.
My reasoning is that 1) More exchanges will rise and compete with Binance, like Coinbase, Gemini, and other TradFi exchanges. Maybe even FTX gets revived (FTX 2.0), 2) BTC will dominate flows and liquidity as the ETF over the next year is almost a certainty, 3) Bitcoin, Ethereum, and their L2s will get the most users. Bnbchain will fail to gain extra traction, 4) Binance will face severe regulatory pressures and lose some court cases.
Finally, as you can see in the chart below, BNBUSD doesn't look healthy at all. It's still extremely overvalued, had a mini blow-off top and failure to reclaim support, has been rejected at the yearly Pivot, and has a massive FVG lower. I believe that the price could get to 150 over the next year, even if Bitcoin keeps rallying.
$PEPEUSDT key support and resistance levels + weekly forecastOKX:PEPEUSDT continues its weakness relative to CRYPTOCAP:BTC and broader "risk on" signal markets such as $NQ!
This latest dip was driven by an extremely negative news event - Grifter Gensler and his band of goons at the SEC are employing some bank-collapse-contagion-red-herring tactics by suing Binance. This news allowed the bears to take control and we see the temporary decoupling from the usual tight correlation with the Nasdaq break:
In such events, traders with massive positions such as wallet 0x4614 move to protect their capital and sold huge positions to cut short term losses, as the market readjusts to lower key levels.
If this was a catastrophic sell off event, we would not have seen a bounce off key support at 0.00000095, and the last remaining support for OKX:PEPEUSDT 0.0000005 would have fallen.
The 0.0000005 level is revealed by my TA as the "last stand" support level for $PEPEUSDT. Breakdown BELOW this level would be a pivotal bearish moment and we would need a week or so to establish relatively "strong" support levels, not just daily price ranges, at lower price levels.
However, this is not what happened during Bitcoin's multi thousand dollar move down which means that short term volatility can continue.
Using a three-way outcome/decision matrix - down-neutral-up - we can prepare for three scenarios and deploy capital accordingly.
The first outcome which is down, is a breakdown below the 095 handle and a cascade towards 056 handle (red box range in title image). As OKX:PEPEUSDT is tightly correlated with CRYPTOCAP:BTC and AMEX:HYG (BBB bonds), this would likely mean those two broader markets would have continued lower. If we look at CRYPTOCAP:BTC key levels, again we're not in catastrophe scenarios at all, a nice bounce off the $25.5k level and bulls will target $25.9k as next resistance:
And AMEX:HYG levels also looking healthy, above 74.3 support with 75.3 as overhead resistance.
Secondly in the neutral outcome we find a new range in OKX:PEPEUSDT bouncing between 0.000000950 and 0.00000108. A perfectly acceptable outcome for active traders as this offers a nice 10% intra day range.
Thirdly in the OKX:PEPEUSDT bull case we need to see a breakthrough in CRYPTOCAP:BTC above $25.9k level and a move towards its next major resistance level now at $27k.
๐ Jingle all the way, oh what fun it is to ride the STX train๐๐Merry Xmas to all SEC and Powell bears:
๐reference:
๐Dashing through the snow
In a one-horse open sleigh
O'er the fields we go
Laughing all the way
Bells on bobtails ring
Making spirits bright
What fun it is to ride and sing
A sleighing song tonight, oh!๐
๐Jingle bells, jingle bells
Jingle all the way
Oh, what fun it is to ride
In a one-horse open sleigh, hey!๐
๐๐๐MERRY XMAS JEROME, MERRY XMAS SEC!๐๐๐ HAPPY NEW YEAR BEARS!!
The FXPROFESSOR ๐
OH I FORGOT: STX IS A TRAIN ๐๐๐๐๐๐๐๐
Bitcoin Make or Break At Channel ResistanceBitcoin tagged the upper line of the downtrend channel yesterday after drifting higher over the weekend. It's make it or break it time as a failure to move up and out of the downtrend channel will likely result in a re-test of the lower channel line.
Regardless of what you might hear, the SEC suing Coinbase and Binance is not bullish for cryptocurrencies. BlackRock filing for a Bitcoin ETF is also not bullish and likely will signal a top in the market if approved, much like when we saw the Bitcoin futures market come online during the 2017/2018 crypto bubble and the IPO for COIN during the 2020/2021 bubble. The only difference being that Blackrock is filing for a Bitcoin ETF during a bear market while the other two occurred during bull markets.
My second largest position right now is short Bitcoin via the BITI ETF.
โด๏ธ XRP Short-Term (Volume) | What If The SEC Wins?Good evening ladies and gentleman, it is my pleasure to be allowed to entertain you today.
This is the short-term chart for XRPUSDT, 1H and what do we have here?
Notice the volume how it is low as prices move higher, slowly surely, creeping higher yet no resistance and thus low volume.
Notice how the volume increases on the drops/lows, buyers coming in, they want some more.
After the low 16-June we have a rising channel which doesn't mean much because this is short-term but, the bulls continue in control, dominance of this chart with new support levels being established along the way.
There is so much positivity about Ripple winning, so much support from the community, Crypto community which is great but what happens if instead of a win we get a loss?
Have you contemplated this scenario?
All hell breaks loose... Cryptocurrencies become the new anthrax, instead of companies now people are being attacked, anybody who has an app on their phones to either send or receive cryptos becomes a terrorist and needs to be shot or jailed on sight...
Life sentence for those buying Shiba Inu, Floki Inu, Pepe, Doge or anything that isn't owned by some multi-billion dollar Wall street and Government supported firm... "Omg, they have an icon with a dog on their phone, it is illegal, shoot!"
I am just kidding of course but if the SEC win, expect to see them attacking people next and who knows how far they will go.
One thing is certain, they love power and control.
Let the people innovate... It is big and beautiful world.
Namaste.
BNB 4HWith all the news surrounding Binance and its SEC battle that lay ahead I thought I'd look at a potential BNB trade.
We've seen the coin drop from the $300 mark in a pattern of huge sell off followed by consolidation, then sell off again until we've reached the ascending triangle pattern I have shown on the chart. This pattern is very close to breaking down and I think will result in a retest of the Local low that was set at the end of last year and was briefly tagged recently on June 12th.
There is a clear range that can be split into quarters to help mange this trade. If the triangle pattern is lost, the midpoint will need to provide support, if it does not BNB will retest the $220 in my opinion. From there $180 is the last chance at support as it's nothing but air after that, BNB will be in freefall.
On the bullish side all this downwards price action has left a lot of inefficiencies in price that will eventually be revisited, I just don't think it will be soon given the outside forces acting upon the coin. If BTC has a huge rally from here that's BNB's only hope.
โด๏ธ Internet Computer Update After SEC Lawsuit MentionThere was a strong shakeout on this Altcoin after the SEC mentioned ICP in its list of "securities".
I believe these claims/accusations won't stand in the long-run but they do have an effect on the market and that is a negative effect.
As you already know, the SEC is suing everybody and claiming that everybody who is in the business of offering Cryptocurrency exchange services is actually selling securities... The battle is ongoing.
Everybody has their own opinion but in the end the USA courts will have to decide.
In my opinion Cryptocurrencies are Cryptocurrencies and Securities are Securities but I am just a simple nobody and thus it is worthless what I say... But it will be interesting to see the results of the Ripple vs SEC case.
The same 1,2,3,4 Steps Pattern remain valid, we should experience soon a bullish wave.
The attack on the market has already been priced in, but surprises can still happen along the way.
Remember the stop-loss... There are thousands and thousands of other Altcoins and pairs available, until things become clear once again.
It is wise to trade other things until these people finish their fight.
It is nobody's fault but that's the game.
Namaste.
โด๏ธ XRP Bounces Perfectly Off Support, Resumes Growing" XRP | Short-Term Drop Followed by Additional Growth! ", this is the title of the trade idea shared 10-June.
I am back and this time to remind you or to notify you that this "short-term drop" is likely in and XRPUSD is set to continue growing.
I am looking mainly at three details on this chart in favor of this assumption.
1) XRPUSD continues trading above the long-term MA200 indicator.
2) Today's session has a long lower wick below EMA100 (blue) and moving back above it. A close above this level, very likely, is ultra bullish. Bitcoin already grew by more than 1,000USD today.
3) Perfect bounce off the Fibo retracement level.
These three to me paint a strong bullish signal.
For traders, a tight stop-loss, manual, can be set below 0.45600 and then push hard up. Very low risk and the upwards potential is ultra strong based on the long-term.
Additional support can be found at MA200 (0.42500). Any trading above these two levels and the bullish bias is super strong for XRPUSD.
Namaste.
TRX founder Justin Sun 17 days to respond to US District Court If you haven`t sold TRX here:
Justin Sun, the CEO and founder of Tron, has been served a summons by the U.S. District Court and is required to respond within 17 days to the United States Securities and Exchange Commission's (U.S. SEC) lawsuit against him for alleged fraudulent crypto trading activity.
The Southern District of New York has given Sun a deadline to reply to the complaint, and the SEC has sent the summons to both his residential and office addresses. Failure to respond may result in a judgement against Sun in favor of the plaintiff.
I expect a major selloff before the expiration date.
looking forward to read your opinion about it.
Bitcoin Forecast Cloudyโ๏ธ (Clear: 0.0 %)๐ฅ๏ธ Bitcoin Weather Forecast Analysis ๐ฅ๏ธ
Based on the recent Bitcoin chart index for the past hour, it appears that the weather in the Bitcoin world is forecasted to be cloudy. As an investment chartist, I have assessed the current market conditions and unfortunately, my confidence in the Bitcoin market being sunny is extremely low, scoring 0 on a scale of 0 to 1. This score falls below the baseline confidence level of 0.864.
Taking a closer look at the chart index, here are the key observations:
- Open: 25007
- High: 25028
- Low: 24911
- Volume: 17028
- Close: 24944
- ema9: 24994
- ema21: 25181
- ema50: 25479
- ema100: 25686
- ema200: 25847
- rsi: 33
- fast_k: 40
- slow_k: 34
- slow_d: 26
- macd: -412
The presence of a "dead cat bounce" pattern, which typically indicates a temporary recovery before resuming a downward trend, is noticeable in the market. However, it seems that the power of this dead cat bounce is diminishing briefly.
The low confidence score can be attributed to several factors. The price action shows a decreasing trend, with the current Close at 24944 being lower than the Open. Additionally, the exponential moving averages (ema9, ema21, ema50, ema100, and ema200) suggest a bearish sentiment as they are trending downwards, indicating a negative momentum in the Bitcoin market.
Furthermore, the relative strength index (RSI) is at 33, which is relatively low and indicates a potential oversold condition. The fast_k and slow_k indicators are also relatively low at 40 and 34, respectively, further supporting the bearish sentiment. The slow_d value of 26 indicates a weakening momentum in the market.
Lastly, the moving average convergence divergence (MACD) is -412, indicating a strong bearish signal.
Considering all these factors, the overall market conditions point towards a cloudy outlook for Bitcoin in the near term. Traders and investors should exercise caution and closely monitor the market for any potential shifts in the weather.






















