Hey, I am back after a while with another Technical Analysis.
So how was your Bitcoin crash? Mine was pretty good as most of my portfolio was in Ripple as my only long term hold, I am in since 4,200. Bought some more at 6,200 and still havent sold any.
While watching this crash I shook my head and didnt believe what moves was Ripple showing, that crazy wick from 7200 shows a REALLY strong demand even in such skeptic market as we are in right, as many people are in fear to buy.
I like to see people here on TradingView or anywhere really complaining about how this market has no future, how Bitcoin is a scam and how they are selling everything.
I like the fact that we are in, or almost in, the last phase of bear cycle, despair phase.
Buying the top and selling the bottom, thats whats most of "traders" here do.
But moving on, and actually looking at Ripple/Bitcoin Daily.
Good uptrend, even sharper one has occured.
RSI is in sharp uptrend and respects the trendline.
MACD has performed healthy and bullish cycle with a MACD bullish "slide".
Ripple is testing the Key Ressistance level.
Higher lows, higher highs.
Candles looks really green, hah no, but for real, very good looking candles.
High above 9 EMA, that signifies that Ripple has a lot of time to test 9400, the Key ressistance level.
Ripple has just very strong fundamentals, good usecase and strong adaption, very popular in japan an also in public.. FOMO will be strong.
So how high can Ripple pop? Very high if 9400 gets broken by a full candle.
Those were my points, I will also do a lower timeframe Ripple Analysis with Updates, stay tuned!
Thats all from me, for now. If you agree with this Technical Analysis , consider leaving that "Agree Button" blue, as it leads me to post more similiar Technical Analysis .
Thanks for your time and good luck trading!
So how was your Bitcoin crash? Mine was pretty good as most of my portfolio was in Ripple as my only long term hold, I am in since 4,200. Bought some more at 6,200 and still havent sold any.
While watching this crash I shook my head and didnt believe what moves was Ripple showing, that crazy wick from 7200 shows a REALLY strong demand even in such skeptic market as we are in right, as many people are in fear to buy.
I like to see people here on TradingView or anywhere really complaining about how this market has no future, how Bitcoin is a scam and how they are selling everything.
I like the fact that we are in, or almost in, the last phase of bear cycle, despair phase.
Buying the top and selling the bottom, thats whats most of "traders" here do.
But moving on, and actually looking at Ripple/Bitcoin Daily.
Good uptrend, even sharper one has occured.
RSI is in sharp uptrend and respects the trendline.
MACD has performed healthy and bullish cycle with a MACD bullish "slide".
Ripple is testing the Key Ressistance level.
Higher lows, higher highs.
Candles looks really green, hah no, but for real, very good looking candles.
High above 9 EMA, that signifies that Ripple has a lot of time to test 9400, the Key ressistance level.
Ripple has just very strong fundamentals, good usecase and strong adaption, very popular in japan an also in public.. FOMO will be strong.
So how high can Ripple pop? Very high if 9400 gets broken by a full candle.
Those were my points, I will also do a lower timeframe Ripple Analysis with Updates, stay tuned!
Thats all from me, for now. If you agree with this Technical Analysis , consider leaving that "Agree Button" blue, as it leads me to post more similiar Technical Analysis .
Thanks for your time and good luck trading!
Comment:
Looking patiently at 15 min chart of XRP/BTC to see if the RSI downtrend will be broken, MACD buy signal given and Ripple can break uptrend and follow it once again.
Comment:
9030 has to be broken for Ripple to continue in strong uptrend.
Comment:
30 min is showing some sights of life. MACD uptrend ,and good looking wicks.
Comment:
12H update shows almost the same as daily, two strong macd tests, sharp rsi uptrend and that lovely 7200 wick.
Comment:
I am still amazed by Ripple moves in this Despair market.
