More than one year, XRPBTC is in downtrend, lost around 70% of its value. In our opinion, there are any marks of changing this tendency.
Today the price is in the flat correction and trading near October's Low and also under 200 day MA, what tells about a bearish mood.
Supposedly, the price is going down inside the wedge, which started in September 2018.
We will go lower, Ripple has to come with some breaking news that will cause a big pump. If they don't some will visit the HQ. XRP is still a scam, and a bunch of amateurs. Just take a look at david his twitter he is the worst. They don't care about us (the ones owning xrp) david posts pictures of what he eats or where he is, tell me which CTO does that, its all a...
Last week's corrective bounce couldn't couldn't change strong downwards momentum. All charts and indicators remain bearish so I opened a short position on Bitseven platform with small leverage. I believe the support of 0.20 will be broken.
The price correction for the Ripple continues.
For a timeframe of h1, we advise buying a coin with a profit target at price levels of 0.3-0.33.
There is a short-term risk of false breakdown of the price level of 0.3 and the return of the price to the accumulation stage, with the subsequent probability of a decline to the level of 0.17.
For the Ripple price, we are considering a scenario with a fast rise of price in the losal wave (s).
Purchases can be viewed from current levels with take profit of 0.35, and stop loss at 0.22.
In general, the picture changed and the structure for growth was broken.
Expect a decline in the medium term to the level of 0.17.
Bitcoin dominance bounced from 68% after touching the support multiple times, Looking at the current daily candle arrangments. It's very likely to Bitcoin dominance will slowly grow from here and face the next resistance at 71.3%.
MACD also had a bullish crossover recently and giving early bullish signs on the daily timeframe.
I am expecting Bitcoin to drop...
Our past trading idea for XRPUSD is relevant.
We are waiting for the completion of the initial wedge model, local correction and the continuation of the fast recovery cycle of the XRPUSD price after long correction.
The mid-term goal is at the level of 1 USD (on a logarithmic scale).
The long-term goal is at the level of 25 USD and higher (on a...
We are observing the middle of the month and 11pm to 11am timeframe on November.....
I have marked the current channel, pattern structure (pennant) and horizontal buy/sell wave on top of the channel.
The purple arrow route would indicate strong support where we currently are in the price zone. It also would recognize a more slanted pennant...
there is a probability of xrp hitting 0.20 -0.21 again, if it is not able to hold the price level of 0.25,
if it drops below 0.25 then it may hit again 0.2 or 0.21.
If it holds the price level of 0.25 high probability of hitting back to 0.35 price again
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 ...
right now we ahve a massive trendchnage in the Crypto
All Cryptos are SHORT now and all have broken their
major support lines.
I have in shorttime just updates here XRP and
its easy to see what has happened, its now needed
to add more
Building up from my first idea, the last segment of March 2017 and now are in the same 1,2,3 pattern. However, the time frame is not going to be identical or as precise as the opening 1-5 movement. Again, I am not saying and am not in a position to say that XRP can or can't hit $100. Realistically it won't.... and in this market the volatility can bring any...