alanmasters
Long

[XRPBTC] Ripple Trade by Request [100%+ PP]

BITFINEX:XRPBTC   XRP / Bitcoin
Ripple Trade by Request

Ripple ( XRPBTC ) is moving with lots of force and momentum and grew in price over 150% in just a couple of days.

We spotted the action at the early beginning and gave a last target of 0.000111. XRPBTC went to reach a peak price of 0.000117, so we hit it pretty close, and so it started to retrace.

Let's see the different support levels that we can use to enter a position with XRPBTC and the resistance (targets) levels at which we can sell for profits.

Trade instructions for XRPBTC

Buy in: 0.000069 - 0.000074
(Wait for retrace to enter)

Targets:

(1) 0.0000925
(2) 0.0001178
(3) 0.0001478
(4) 0.0001621

Stop loss: Close below 0.000063 on the daily candle.

Note: This is a trade by request. This does not follow my usual trade strategy.

Namaste.
Comment: Previous analysis:

(1) Here we spotted the action for XRPBTC early on:

(2) And here I mention where we would find support:

YOUR SUPPORT IS HIGHLY APPRECIATED!

Namaste.
Comment: This bounce is looking pretty strong. Good volume.

Overall the whole retrace is looking very healthy.

Give it time...
Comment: Consolidation continues for XRPBTC. It is looking good so far.

Here is the chart:

- Bear volume has been low throughout the retrace.
- We found support around 0.382 Fib. level.
- My suggested main support remains intact, which is 0.000066 - 0.000068, now supported by EMA100 as well.
- Looks like we need more sideways.
- Please allow time for this trade to develop.
Comment: Looks like we will be entering our buy in zone soon.

Patience is key.
Comment: We didn't hit our entry for this trade. For those already holding XRPBTC, our first target has been hit. These targets are still valid.

Targets:

(1) 0.0000925 * Target hit *
(2) 0.0001178
(3) 0.0001478
(4) 0.0001621
Trade closed manually: No buy in.
Comment: XRPBTC has been holding support for the past four days... I will come back in soon and take a second look... Thanks for the support.

Namaste.
Comment: Ripple (XRPBTC) is retracing, I am keeping track for a new trade.

You can read my updates here:
Comment: Here is your XRPBTC trade:
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Related Ideas

Also, target 1 got reaches today!
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Update please
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@Fnf312, We didn't hit our entry.
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thank you for your TA. I am afraid you might miss it big time waiting for the buyin zone (0.000069 - 0.000074) considering the current chart and the fundamental that Ripple Swell Conference will take place from 30th Sept to 2nd Oct.
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Hi Alan
Two questions, why and how do you add the numbers above the candlesticks ?
And ive added the 100 EMA but it is sitting way higher than yours and closer to the action ??
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MIKEYT MIKEYT
@MIKEYT, Sorry disregard second question, I was looking at XRPUSDT
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@MIKEYT, Add the indicator called TD Sequential.
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Thanks for such a good analysis. Check out our long-term analysis basing on the hypothesis that 10% of the global money supply will flood into crypto. This is possible and can have a massive influence on the market. More here
+1 Reply
@WBM_Team, Thanks a lot for sharing.
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I think this was all with xrp, if something will happen it would by now, I feel it will start downtrend soon, dojt you think so, it is already lost its upward momentum despite high volume
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