Ripple will get its chance to shine. There are few who argue the opposite. In this quick idea though I show why this time is not quite there yet.
I have scaled XRP's timeline based on Bitcoin's Cycle from top to bottom. BTC's bottom of the previous Bear Cycle was mid December 2018 and the Cycle before on early January 2015. XRP's 2015/ 2016 consolidation/...
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we completed one target on previous downward wave. now price retraced but we have strong resistance yet. if we get confirmed rejection from strong resistance we can take a short position
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Make your own analysis before you trade this idea!
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In case the price crosses the Mid line of descending channel the price might test the horizontal and lower boundary of descending channel. We can go short with stop-loss above the mid line
Leaving a "like" costs nothing and really helps me out; please consider it! It's the #1 thing I look at when deciding to...
Hi, First of all, likes and subs are appreciated.
So after last update price completed Head and Shoulders and went down hitting primary targets: about 20% profits no-leverage, so up to 2000% ROE on Cross.
Still some chance to go down to near $0.200-0.188 to complete H&S target
Last update:
Despite the general bearishness and the below 20 cents targets formulated by the bears....
I say we probably have seen the bottom of the recent downturn !
We broke out of the parabola and made a successful backtest of the broken long term downtrend (now support) line !!
This level corresponds also to the 0.61 fibonacci retracement of the recent parabolic move that...
Yesterday the XRP coin found its support in the $0.22-$0.23 area where the the mid-term uptrend line (started on December 18 when we bottomed at $0.172) was meeting the horizontal support. This zone is quite intensive when it comes to trading activity and bulls took advantage of it.
The XRP/USD pair moved up to $0.238 and even peaked at $0.248 during intraday...
0.42 area still my target based on this TA and my previous idea.
Everybody seem to focus on this inverted H&S pattern, but I prefer betting on this symmetrical pattern zooming out on inversed scale. Not that obvious on normal scale but definitely clear with this view.
Start trading on inverted scale and you will start making monies. Here you can buy the top and...
Just recently discovered this, but now its pretty obvious whats going on. this fits for other alts too. btc sure will suffer too in this drop but maybe not as much as alts (bottom at 4k?)
i was clearly too much focused on log mode in the past when the obvious is only noticeable in non log mode >.>
Trading Rules
1 - Preceding Uptrend
2 - New Swing High Green Candle
3 - Lower Low Red Candle
4 - Lower High Green Candle
5 - Enter: Break of #3 Low
6 - 1st TP Take measured distance
from #2 High to #3 Low
7 - You determine SL & 2nd TP
