XRPBTC - 1D - Wedge retest?NOT A FINANCIAL ADVISOR!!!
XRPBTC seems to be retesting the wedge.
This wedge retest matches the 0.618-0.786 retracement.
After so many red days...wait for confirmation as you want to see some buying pressure!
RSI seems to show some support...more clear on the XRPUSD - 1D
StochRSI also bottomed out.
Gonna sell my flat! ;)
XRPBTC trade ideas
XRPBTC- Time for Ripple to find 'support' against BitcoinSorry guys but my saved chart is gone (I keep losing charts😾🙀 on Tradingview and I have to make new ones
CHECK THE CHART AND THE PERFECT REBOUND ON MY PREVIOUS IDEAS AND CHARTS:
XRP dropped another 13% against the Bitcoin and it has just hit the support. It can now statistically bounce back up!
😔I am with a flu and not feeling well 😷- going back to bed now fellows.
Ripple XRPBTC - Falling wedge RETEST | Weekly - On the chart you can see falling wedge pattern that is currently being tested.
- The price is above 20 weekly moving average, that means the trend is very bullish for ripple
- There is absolutely no divergence on RSI indicator, we can easily go for another huge pamp very soon
- Bullish Volume is very high
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XRP - Keeps dropping against Bitcoin but for how longSo yeas Ripple drops against the bitcoin, as well as against the dollar.
Soon there will be an opportunity for Ripple to rebound and that will be the moment to consider a reversal (start buying Ripple again).
How do we trade this now? Well we hedge, we buy Bitcoin and we sell some Ripple. This can change in the next 16 to 48 hours (4 to 12 4h candlesticks)
Keep in touch.
XRPBTC lost its daily support 🦐XRPBTC lost its daily support and now the price is inside the descending channel. The price could retest 0.382 - 0.5 Fibonacci level before reach Monthly support. 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.
Dump xrp if it could not maintain 2500 satoshi! From the time I got to know xrp, 2500 satoshi has been an essential static support/resistance.
I cannot definitely advise whether it could maintain this level or not, but if it does, the next essential resistance is 6000 satoshi which is some 140% more than current price.
In case of failure I will say good buy to xrp for some times (maybe forever).
Risk to reward looks promising!
This is not a financial advice!
XRP will drop at least 13% against BTC XRPBTC chart shows that there will be a drop of 13% in the price of the Ripple in Bitcoins to reach critical support.
To make things worse for my Ripple friends, this drop can reach even +51%; if the support is broken.
This means that if both cryptos drop, Ripple will drop faster than BTC (which was the case last week).
It also means that BTC can rise faster than Ripple for a while until it rebounds.
This is the prognosis for the next few days/weeks but this can change dramatically at any point in time if Ripple storms up again.
For the moment, the chart demands this: Buy more BTC than Ripple for the next period. Or buy some BTC and sell some Ripple to hedge your positions.
I know that some of you are big Ripple fans and you guys hate me saying Ripple isn't going to 50 dollars this years, or even 2 dollars. It might happen next years boys and girls.
XRPBTC DO or DIE TIME!!We should get a bounce from here... (0,00002500 Sat )
- bull flag
- 27 MA support 2D, 10D, we have 21/27 weekly MA and 50 weekly MA
- Stoch RSI daily at the bottom I expect a positive flip.
for now, I am aiming for 0.00003360 SAT as a target. we have money 21/50/300 MA as resistance and also monthly close from last m month.
- What I want to see weekly 21/50 MA bullish cross
- price breaking 0,00003360 sat with strong volume which is also 0,702 fib retracement at.
if we break below 0,00002464 sat daily close I will exit from this coin.... this means price going below 21 weekly Ma
and also breaking big support I see no hope for it
Target at this moment:
0,00003360 ( 21 Monthly MA)
0,00003774 (200 MA weekly, 50 MA monthly as resistance)
if we can clear these 2 target expect more explosion form XRP
Must hold/support:
1: 0,00002460 ( this arena been acting as support and resistance since 15 September 2015)
2:0,000021xx
$XRP/BTC 12h (Binance Spot) Falling wedge on supportMy #Ripple view for satoshi pair, right now sitting on falling wedge support and 100EMA.
Current Price= 0.00002605
Buy Entry= 0.00002650 - 0.00002506
Take Profit= 0.00002958 | 0.00003394 | 0.00003883
Stop Loss= 0.00002198
Risk/Reward= 1:1 | 1:2.15 | 1:3.43
Expected Profit= +14.74% | +31.65% | +50.62%
Possible Loss= -14.74%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 540h