XRP NEUTRAL ZONE, BACK AT IT AGAIN! Hello fellow traders!
As you can see in the chart, there is a 75% chance that the price will make a bounce from the purple thin line, which is the start of the run trend line.
Those of you thinking about buying at this point should consider the retracement support, or a little lower for stop-loss.
Good day and good luck!
XRPBTC trade ideas
XRPBTC lost monthly support 🦐XRPBTC lost monthly support and the price comes back into the weekly channel. The price could retest upper trendline and the retest the lower trendline. According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
XRP/BTC ForecastAs previously mentioned a while ago, I had a target that XRP/BTC had to hit before exploding. That is happening again.
Timing against the previous fractal, the breakout would be pegged for Jan 6th.
Or maybe a president signs an executive order on digital currencies, whatever timing that would call in order...
Expect somewhat sideways balancing between BTC and XRP for a little while at least. Maybe BTC breaks out to the 25-27 range and takes XRP for the ride... maybe BTC tanks to $18,800 and XRP hangs out at the current levels...
Doesn’t matter, I will post and XRP will be up hugely in the coming months.
#youdoyou
#trollbait
XRPBBT Points to to more upside for XRP against everythingXRP continues to awaken after its long slumber against most cryptos and fiats and when it gets going everything else gets rektd. This 12 hour chart makes use of the multi-time frame bollinger bands to show the daily BB in orange and weekly BB in blue and the Volatility Stop. The MACD is the version created by Tom Asprey and I find it very useful for reasons I shall expound. The main bother about this analysis is the discrepancy between the various xrp/bitcoin charts based on exchange.
First things first is the price popped below the the daily bollinger band and below the weekly baseline and then flipped the switch on the volatility stop for this timeframe. That is a very advantages opportunity for scalpers and investors alike to put an order on.
Here is the description of thats going on the main chart, plus the 12H Bollinger band. A massive amount of Bullish Divergence, the price action below the 12h and daily Bollinger band set up a great buy opportunity. One period later and the hwite space begins to develop.
Those capital AND statements are important. There are a lot of things that have to occur for this condition to be recognized and when you see them your ability to put a trade on and sleep well improves.
Let me be clear... there is still a chance that we could see even more bullish divergnece, which would require a lower low. But what is the total context? The BTC hash ribbon has printed a buy signal, we have central banks committed to endless quantitative easing, btc continues to set new highs.
And if it seem ungainful onto you to long XRP, chose this day what coin or token you will long, whether the coins and tokens of your fathers (BTC, LTC, DOGE) that served you prior... But as for me and my house, we will YOLO XRP.
XRP's Premature BreakoutRipple made moves recently, solely based on the airdrop that was coming out. This is apparent by seeing the major increase in price in a matter of a day or so. Ripple was still far from its consilidation pattern, but was expected to breakout. We are now finding resistance at what used to be the top of our previous consolidation, which is now turned into support. Alt Season will be a small one this year, as the real action will take place towards the end of 2021, early 2022. However still there will be gains to be made here.
How high will this go compared to BTC? If this breakout sticks, then the price movement has already begun.
Nice chart for XRP/BTC Hopefully we'll be seeing XRP stand up against BTC in the next week or so. Momentum has shifted on the 4hr and history has shown that trading with the long trend is much more profitable than trying to short every leg up. Also be wary of a slight chance for a dead cat bounce, could very quickly become a shitcoin compared to btc long run.
XRP extra analyses | Wyckoff schematicsWelcome fellow Traders,
In this analyses we are going to show you our view on the current market situation for the cryptocurrency: Ripple .
This analyses is going to be a little bit different from our usual analyses since this is going to be an explanation on why we see the Wyckoff pattern evolving in this cryptocurrency.
We will be analysing XRP using the wyckoff method.
For those of you not familiar with the Wyckoff method be sure to check: school.stockcharts.com
Let me know if you think our analyses is spot on or completely rubbish!
Phase A: Phase A marks the stopping of the prior downtrend.
PS: The preliminary support is where substantial buying begins after a prolonged down-move. This can be seen in the chart, this was the first place where we really got a feeling that the downtrend for XRP/BTC might be over.
SC: Selling climax, this is the place where selling pressure usually climaxes and panick selling by the public is being absorbed by larger proffesional institutions. We can see the selling climax in the red circle.
AR: Automatic rally, this occurs when the selling pressure is mostly absorbed and therefore a buying spree will easily move price to higher places. The high of this rally helps define the boundary of the Trading range. This can be foudn in the first green circle.
ST: Price revisits the former area of the SC and the bottem can be confirmed here. The volume and spread should be significantly diminished, which can be seen in the chart.
Phase B : Phase B is the cycle where we are "building a cause" for a new uptrend.
ST(B): The first thing we see here is a new test, The Generally bigger players are building up a position here and are usually becoming Net long. At this particular crypto we saw support located at 2K sats.
Test: ON nov 17 and 18th we saw the test, the test is when the players is checking wether supply or demand is in fvour and when a sudden hit of supply jumps in this means that the market is not ready for a burst to the upside.
Phase C: A decisive test of the remaining supply.
SPRING: The next thing is the spring, this is the place where players get confused. When it dropped below the 2K sats support, everyone got the feeling that the only way was down, the big players are here trying to buy up any floating supply that they can find. When this is done (all) supply is dried up and a jump across the creek is likely. This was seen in the 3 days of pumping, we completely neglected all support and resistance and jumped straight up to the top of the trading range.
Phase D: Consistant dominance of demand over supply.
SOS: The sign of strength is a price advance with a increasing spread and relatively high volume. These usually confrim the bias of the analyst and justify looking for entry points. The jump towards 4200 sats was the Sign of Strength in this particular analyses.
LPS: The last point of support is a point after the SOS which has flipped from resistance to support. As we can see we are now on the place where the whole wyckoff started. We are back at the bottem region of the TR and are now at the low point of the first SC. Combining this with the (perfect) touch of the 200 daily SMA and the touch of the 50 weekly (SMA) Makes us believe that there is a good change that this is the LPS.
BU: The back up is usually referred to back up to the creeck and represents short term profit taking and a test for additional supply around the resistance area.
Phase E: Demand is in full control!
In summary:
We have tried to show you our current market view on XRP as you have read this Wyckoff schedule is not yet comopleted, but we are near the end. In our opinion we are now beginning in phase D, which would mean that the 200 Daily SMA should hold for this analyses to be valid. If this holds then we might be in for a long profitable run up with the XRP cryptocurrency.
We would love for you guys to share your thoughts on this nalyses, we have some experience with wyckoff schematics but we are not experts.
So if you have some tips, tricks or extra points to include in this analyses please let us know!
This analyses is only intended to share my idea, to educate and entertain you guys.
This should not be considered as financial advice.
I hope you guys enjoyed this analyses, if you did don't forget to leave a Like !
If you want to share your thoughts, please do so in the comments below!
Kind Regards,
Frank | Forallcrypto
The Trigger?The idea here is that Bitcoin will continue its rise over the next few days, while XRP remains in its lows called yesterday.
This will pressure people to leave XRP to follow BTC.
Don’t be fooled, the same thing happened in 2017 before XRP exploded to ATH’s.
Once this daily gap is closed, it could be the final piece needed before we have XRP go on to challenge ATH’s.
#beprepared
XRPBTC doing something new this time?So we all expected a repeat of 2017.
Therefore, as we know coins, it probably won't do that. Coins often do what people don't expect.
So instead of a double pump as in 2017, XRPBTC could decide to slowly crawl upwards now in the course of the next months, until it
would peak around the time that BTCUSD hits the top, in late 2021.
This would be another possibility. Because that latest pump is weird. It's not strong and aggressive enough to qualify for a big pump.
But it went through the big resistance. So, it's doing something new as it appears.
Thus, we shouldn't exclude this possibility also.