XRPBTC trade ideas
XRP: Priming for a move Here I will attempt to document a price action plan and trade setup focusing on XRPBTC pair.
DAILY STRUCTURE - From my observations, price has come down to fill an imbalance, located at left of chart, signalling liquidity injecting into the market, usually i have noticed that XRP can wick into an area to test that area then go towards it which leaves no imbalance area. (See yellow markings) - It wicks first, then the liquidity injects to that level and perhaps breaking it, i suspect it is wiping orderbook clean by wicking, then it is easier to inject the liquidity for the desired result. XRP does move differently, but we can use the basic strategies in order to try and position ourselves utilising BTC to XRP trades.
DAILY MOMENTUM - Trend perspective - Daily OVERWATCH printed a clean divergence before this pump equalling 37%, 1BTC = 1.37BTC. Nice. Aswell after this pump candle, the MFI came down and bounced while price bounced of the TM scalper levels which could have been a nice entry in itself equalling 19%. OVERWATCH has not reached its upper levels on the daily yet, will look to do 4hr analysis next, but looking at the daily, down at 0.000016 level at this point would be a bounce off the tm level is current optimal entry zone for daily.
H4 STRUCTURE : Have zoomed out so one can really follow the structure here, please appreciate what i am sharing, no deletion or movement of key levels and structure to obscure what I am showing. You can follow from left to right the price movement pattern, zig zag.
H4 MOMENTUM - Trend perspective - H4 OVERWATCH is topping out aswell as MFI (Bottom pane), we will need at least two good candles pushing above this BOS - H4 level for a valid breakout, and then, after that happens we will await the pullback for an entry. Until we get a rejection at this level, or a breakout, this is all i can say for now. Any comments welcomed.
I will update the chart each day if Price action requires until we take an entry and we are only looking for LONG positions within this thread. EG: Switching BTC into XRP for increased BTC holdings.
Ripple is about to explodeThere are rumors that ripple is going to settle with the SEC.
Technically speaking we are witnessing falling wedge and symmetrical triangle unfold, especially the symmetrical triangle which has been forming for a long while now.
The bigger a pattern is the better, at least that's usually the case.
###NOT FINANCIAL ADVICE###
✳️ XRP vs Bitcoin (Update by request)This is a reply I gave to @Skorpi_91 in a comment about XRPBTC, if you are trading this pair you might find the reply useful.
We had a lev. trade on this pair and I believe it failed miserably... That's the way it is, the market gives, the market takes.
It is important to follow capital allocation on those...
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XRPBTC
The drop we saw that ended 20-March we call a "shakeout", this we know due to the fact that it happened fast and yesterday we get a strong recovery.
This is happening within a higher low long-term, vs June 2022.
The jump yesterday sent prices above the 19-Feb. low and it is also high volume.
This again confirms that the last move was a market move to kick people out of their positions, shakeout, liquidity hunt, market manipulation, call it what you will.
The bias now is whatever was happening around late February, which is consolidation before the next move.
The next move can be to either side but taking into consideration the shakeout, it is set to go up.
The only reason why market manipulators would kick people out of their hands is because they are about to push prices up... And they are quite greedy, that's for sure.
Namaste.
XRPBTCLooks very oversold, I Believe XRP will have a good rally this year and this is the bottom scrape. But I might be wrong.
The market is more bullish towards the alts IMO.
Do not take this as a financial advice.
This is only for educational purposes.
Thank you for checking in.
Like if if you find it good.
$XRP/#BTC [#XRP]: BBand_Breakout◳◱ A Bollinger Band breakout has been identified on the $XRP / $BTC chart. The price has moved outside of the upper Bollinger Band, indicating a potential bullish trend. The next resistance key levels are located at 0.00001697 | 0.00001759 | 0.00001877, and the major support zones can be found at 0.00001579 | 0.00001523 | 0.00001405. Consider buying at the current price zone of 0.00001835 and targeting higher levels.BBand_Squeeze
◰◲ General info :
▣ Name: XRP
▣ Rank: 6
▣ Exhanges: Binance, Kucoin, Gateio, Poloniex
▣ Category/Sector: Payments - Currencies
▣ Overview: XRP is a cryptocurrency aiming to increase the speed and reduce the cost of transferring money between financial institutions. Underpinning Ripple's xRapid product, an on-demand liquidity solution, XRP is used as a bridge currency for financial institutions exchanging value between multiple fiat currencies. XRP is the native token of the XRP Ledger, an open-source cryptographic ledger powered by a peer-to-peer network of nodes.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00001835 ₿
▣ 24HVol: 1,065.829 ₿
▣ 24H Chng: 1.888%
▣ 7-Days Chng: -2.26%
▣ 1-Month Chng: -7.25%
▣ 3-Months Chng: -4.60%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00001697 | 0.00001759 | 0.00001877
◢ Support: 0.00001579 | 0.00001523 | 0.00001405
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: BUY
◰◲ Technical Indicators Summary : NEUTRAL
◲◰ Sharpe Ratios :
▣ Last 30D: -0.85
▣ Last 90D: 0.29
▣ Last 1-Y: -0.48
▣ Last 3-Y: 0.76
◲◰ Volatility :
▣ Last 30D: 0.42
▣ Last 90D: 0.48
▣ Last 1-Y: 0.78
▣ Last 3-Y: 1.21
◳◰ Market Sentiment Index :
▣ News sentiment score is 0.32 - Bearish
▣ Twitter sentiment score is 0.58 - Bullish
▣ Reddit sentiment score is 0.52 - Bullish
▣ In-depth XRPBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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Crypto- $XRP/BTC Trend Status w/9-yr BacktestingBINANCE:XRPBTC
Trend Status:
- by PresentTrading
Use backtesting to evaluate and make objective trading decisions.
Good luck.
The 9-yr backtesting results:
-- Summary --
Winning rate 39.22%
Sortino Ratio 3.307
Ratio Avg Win / Avg Loss 8.255
-PresentTrading
#XRP #BTC #crypto2023 #trendtrading #presentTrading
XRPBTC is poised for Historic MoveBINANCE:XRPBTC broke above falling wedge from 2018 highs, backtested, confirmed, and is grinding up. I don't know what that means for the XRPUSD price in this macroeconomic climate, however, XRP is clearly doing something. Targeting 3900-4000 sats, but who knows? I'm sure whatever narrative is going to follow this will be quite incredible, 4000 sats may be only the first target.
XRP formed a bullish Gartley for upto 82% big pumpHi dear friends, hope you are well and welcome to the new trade setup of XRP coin.
Few hrs ago we caught a nice trade of XRP as below:
Now on a long-term weekly time frame, XRP with BTC pair has formed a bullish Gartley pattern for another pump soon.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
XRP formed a bullish Butterfly | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of XRP coin.
Previously the price XRP moved slightly down than buying zone, however recovered soon and pumped more than 22%.
Now on a daily time frame, XRP with BTC pair has formed a bullish Butterfly move for another pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
XRP/BTC - Comparing 2017 RSI & 0.618 before parabolic move*Important - Once majority bashes crypto and calls it a scam calling for lower targets (like how many did in 2018 and missed out), that is when I will be all in!
Whales/elites will not miss any opportunities into making money. They simply buy the fear, hype up the market, take profit and crash it again after taking profit. Instead of beating then, lets ride with them! ;)
Majority got Rekt last year due to listening to the "Bullish" Narratives the media and Social Media Influencers were portraying last year! Stop listening to them and start paying attention to the technicals.
Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!!
People are so focused on the hourly/daily timeframe that they get emotional on every dip! Take a step back to the weekly/monthly timeframe and see why I'm so bullish now. Stop looking at the short-term dips/rise. Short term is irrelevant for the move that is coming!
You can't be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know are on the charts. News is manipulated by the elites, and they take advantage of our emotions. Stop listening to the news and pay more attention to the charts. Don't follow the majority, because the majority will lose in the end! Also, don't buy the hype when everyone is buying.. instead buy the fear when everyone else is selling
Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market and are buying opportunities! Huge gains opportunity in the coming months! Never trade blindly. Use multiple indicators to make calculated decisions. Trade with no emotions!
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
"The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become."
"If you want to live like the 5% of the population who are hugely successful, then don't act like the 95%!"
XRPBTC continuation structure COMPLETEDBTC has been leading the show this last week but it looks like that is about to come to an end. XRPBTC is ready to break out. It just retested its demand zone like it has every time before an impulse wave. I am expecting XRP to lead the show coming up here soon.