a clear bounce on the weekly frame and another fail to breakout the recovery levels at 0.00012500 weekly and this was the try number four since Feb 2018.
from this bounce on 24 Dec 2018 we can see XRP trapped between a downtrend with stability Above (SMA 200 Daily ) (SMA 50 Weekly)
with that, the overall performance for XRP bulls is weak,...
$xrp is working on a cypher consolidation pattern right now with the PRZ(price reversal zone) aligning with prior support level as well. To be traded only if the pattern completes and price shows signs of reversal around the D point, targeting the 0.382 and 0.618fibs as targets.
Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
Not a whole lot to update here except we're still looking to be inside our channel. Short trade is still active but there is one thing I want to point out which will happen in the next day or two. Likely tomorrow.
This chart is a snapshot of market momentum. This is the first chart to move then ETHBTC then alts then majors. The best way to use this chart is to understand it simply as market-wide momentum for all coins/tokens.
Alt Index Paired with BTC
*** THIS IS NOT AN ADVICE, DO YOUR RESEARCH AND TRADE WITH YOUR OWN RESPONSIBILITY***
No matter how I look at it I can't move my eyes on this chart
XRP looks extremely strong on higher time frames
the whole structure may send it to skyrocket sooner or later.
Micro-level we just broke out of a potential falling wedge and started to go downwards
but this dip will...
A potential move from XPRBTC to go back back to ALL TIME HIGH.
Chart partern is repeating the trajectory before the september 2018 pump.
Therefore, a 35% drop of XRPBTC is also possible in order to complete the correction and get support from trendline
This is the sum of some alcoins vs BTC paired.
On this chart I just noticed that we recently hit almost lowest levels for ETHBTC, XMRBTC,LTCBTC,NEOBTC,EOSBTC,IOTBTC,XRPBTC,ETCBTC
Also I can see Wyckoff Accumulation and if this is valid in crypto we are at the bottom of this painful correction, so we might see a bull run soon and if correction is...
Hi Friends , As you see the price psychological action in minor down trend is going to die by the obvious divergence , but a major down Trend is above there , so I predict XRP will gain some power against BTC ( about 0.000090) then a bear movment and after that another divergence and then XRP will break this trend line
( we weill talk about what divergence really...
I usually don't do the btc' pairs, but these 2 patterns could be significant though. Since they show a mid/long term picture for XRP' and possibly even for the entire market.
On the left we can see a big inverse H&S while on the right we can see a big bearish wedge. At the moment we are still at the support line of the bearish wedge, so there is not much room...
Here are some of the basics of Elliot Wave Theory. Elliot waves are what makes me money. A lot of people don't use them because they are typically hard to count, and people give up when things go the wrong way.
Every wave always has its own set of 5 subwaves. When you finish a full set of 5 big waves, it now becomes ONE large wave.
1) For EVERY wave,...