XRP versus Bitcoin - How to play one off the other XRP / BTC – Weekly Performance Time Analysis
A stark realization looking at this chart is just how long bear periods are for the XRP/BTC pair suggesting that you are better to hold BTC until a buy trigger event occurs for XRP.
The POC is a vital area to watch (explained in the chart). If we find support above/on it, we have room for major upside as there is little to no price volume above it.
If these two points above is all you take from this chart, GREAT! More below…
Buy into XRP Trigger Events:
- Test of lower diagonal trend lines
- Break above and retest of POC as support
- Bear periods lasting longer than 23 weeks means start paying attention for buy opportunities
- Break above 20 week SMA (means pay attention also)
Sell into BTC Trigger Events
- Test of upper diagonal trend lines with rejection
- Hitting the POC resistance would be a sell event for me, it will very likely be stiff resistance. You can always re-enter once we find support above it and you can always leave something small on the table to keep you
interested.
- Bull periods lasting longer than 7 - 10 weeks be cautious (take some profits). We are here now.
- Break below the 20 week SMA has not been good for XRP most the time, also if it acts as resistance or if price oscillates around it when is downward sloping, the outcome is typically not great.
Bull and Bear Time Frame Determination:
I have done my best to use any >15% candle close above the 20 week SMA as a bull period. I have also tried to use common sense to try and determine downward or upward price structure…so some of this chart is my interpretation of bullish versus bear price action. However I think the general trend(s) are there to see. You can make your own interpretations also. The chart after all is only to provide some assistance in your trade, maybe help reach a decision, one way or the other.
Xrpbtctradeplan
💎XRPBTC: Investment For #ALTSEASON2021🚀🚀🚀🚀🚀🚀XRPBTC looking so good on weekly. XRPBTC pair gave massive breakout frm chart pattern. Soon its going to pump more than 350%.
Keep buying on Every DIPS
Please comment on my idea. Thanks.Look at this chart. You dont even have to know anything about technical anallysis or anything. Just simply look at it. It have to go down if it is to have sustainable upward movement. You dont even have to look any indicators to know this is an overbought instrument right now.
Im not going to lie, im in love with xrp since i was fortunous enough to enter very early before the huge price movement. But i expect downward movement and maybe a some sort of consolidation period before going up again. I did sell all of my holdings couple days back and im eagerly waiting to enter again. It seems it cant make a huge upward movement before taking some time to chill but you never know when! Therefore keep an eye on xrp. It can have you win big!
Good luck and be responsible with your hard earned money!
Always watch out for opportunities but be carefull.
XRPBTC next move expecting bearish again on last zone
ENTRY: 0.00002705
TP: 0.00002650
TP2: 0.00002600
SL: 0.00002755
Chart time frame - 4H
Time for reaching TP - 1-2D
Follow, Like, Share or Comment
Thanks on supporting!
All best!
XRPBTC Maintaining Higher LowsXRPBTC has been on three major bull runs, while maintaining an uptrend. Fractal ribbon can be seen to be in the buy zone.. Sorry if the chart is a bit cluttered hard to fit all this information in. Linear regression isn't quite important in this scenario, but i thought it would be cool to see a 0.91 downtrend smash
DBL BOTTOM— XRP wave incomingI would suggest making an entry soon as possible if this was a financial advice pertinent publication; unfortunately it’s just for entertainment purposes so nothing to see here folks *wink*
Targets and stop being viable for both XRPBTC AND XRPUSD with XRPBTC pairing short set at 3767sats and the aforementioned in the publication above!
Burkowski never disappoints as we have yet another double bottom this week...they seem to be popping up like a Mormon newlyweds couple’s children!
Stop losses folks !
Cheers,
Happy Monday !
-@a1mTarabichi
Thinking About BUYING XRP (Ripple)??? Are you thinking about buying ripple?
This one lonely trendline is the single most important technical indicator right now!
As long as price remains under it, XRP is clearly not a buy! At least not for the long-term!
If you're not a day trader and you're in the HODL category, then make sure to wait until this trendline breaks before considering a buy!
Feel free to leave your thoughts in the comments.
Please be respectful to any and all who leave comments so we can utilize this platform to help each other and build each other up!
Possible long-term setup for XRPThe falling wedge breakout is very possible when price reaches the two support zones. If the breakout happens, price can pump to 0.5 fibonacci retracement level.
(Ripple Sell) XRPBTC Technical Analysis for May 7, 2018Hello Traders,
XRP bears are playing with that over-extension visible by end of April 21. As such, correction is inevitable. In line with the stochastic sell signal and the rules defining over-valuations, we shall sell XRP with targets at 7700 satoshis and later 6900 satoshis.
