alanmasters

Ripple (XRPBTC) Continues Its Correction/Retrace

BINANCE:XRPBTC   XRP / Bitcoin
Taken from my earlier XRPBTC analysis:
  • XRPBTC price is now holding around 0.5 Fib. level and EMA10 (light blue line).

  • We are waiting for XRPBTC to retrace and to give a clear signal of its next move. This can take time. It can choose to move quickly as it can take several days or weeks before its next move, the market will decide. For now we are looking bullish and in the process of a classic retrace/correction.

  • We look for main support at 0.382 Fib. level on the chart above if XRPBTC price continues to retrace. It can also choose to consolidate sideways...

  • If one level break, we look to the next. We continue to look down short term until support is established.

I will be keeping track and keeping you updated.

Thanks a lot for the huge support and for reading.

Thank you!

Namaste.
Sep 24
Comment: Previous analysis:
Sep 24
Comment: We are going down further... We are looking at 0.000066 - 0.000067 range at least for support.
Sep 25
Comment: This is where we are looking for support as mentioned in my last update, if this level fails, we look for the next one. If it holds, we look to create a floor for another ride up...

Here is the chart:
Sep 25
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Thanks a lot for the support!

Namaste.
Sep 25
Comment: We are looking at early reversal signals with EMA50 holding on the 4h Time frame.


"Early signal". More volume is needed and confirmation.

Give me the likes, shares, comments, follow and support and I will be sharing a full review soon, regardless of next action. I will be sharing, the next support, buy in, targets and do a full analysis.

Thanks again.

Namaste.
Sep 25
Comment: XRPBTC is showing a good bounce:
This is a good signal for finding support.
Sep 25
Comment: PLEASE LIKE, SHARE & FOLLOW.
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Ripple price (XRP) pumps after Coinbase hints at listing more coins, Strong momentum remains.

Reply
Nice call @alanmasters ... Would this be a good time to get back in ?
Reply
@macilme, It depends on what type of trade you are taking.

If you were holding from lower prices and you sold at the peak, it is a good time to buy back in.

If you are looking to ride XRPBTC long, you need to wait first and see how it will develop.
+2 Reply
macilme alanmasters
@alanmasters, ok.. thanks man.
Reply
seems another bull run. right?
+1 Reply
alanmasters mojtabaivi
@mojtabaivi, Early but it seems. If it takes off from here then it is basically confirmed. But it has time to move around since we have a big range from the peak price.
+1 Reply
mojtabaivi alanmasters
@alanmasters, I think it bounced from a strong support zone on the daily chart:
Reply


Bitcoin midterm analysis that you need to see
Reply
Thanks.
Wait for your full trade idea.
+2 Reply
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