alanmasters

Ripple (XRPBTC) Retraces, When To Re-enter?

BINANCE:XRPBTC   XRP / Bitcoin
We saw and enjoyed Ripple's ( XRPBTC ) first wave up.

XRPBTC generated massive gains in a matter of days. I kept on mentioning how this altcoin is highly manipulated. It tends to be crashed to the lowest point possible but, once it takes off, it goes on and on. Ripple goes go up for long once it starts to move.

So what comes next for XRPBTC?

You can see the chart above, we have the biggest volume ever for Ripple on Binance and we broke out of a long term descending channel:

- The indicators are off the chart on the bullish side.
- The candlesticks are pointing to a retrace.
- I would look around 0.618 Fib. level as our main support. Keeping a close eye on price action to spot when to jump back in.
- We made great easy money with our XRPBTC call, more can come from XRP.
- But remember that we need to wait for the retrace to be over, consolidation... Patience is key.

- Where will Ripple go next?
Please share in the comments section below...

Thanks a lot for reading.

Namaste.
Comment: If this trade idea gathers enough attention I will do a full trade for Ripple (XRPBTC) with Targets, Buy in and Stop loss.

Like, share, comment and follow for a full trade on XRPBTC.
Your support is highly appreciated.
Comment: Thanks for the great support.

We are going to wait for the weekly candle to close. We are within the bollinger bands on the weekly, this is a positive signal for us.

Here is the weekly chart:

Please like, share, comment and follow...

Your support is highly appreciated!

Namaste.
Comment: Here you can see how we spotted the XRPBTC run before it happened:



We also spotted NANOBTC with plenty of time:

I will be sharing our trade soon if we get enough likes.

Thanks for the support.

Namaste.
Comment: We ought to call it, "Patience is KING".

Take a look at our SCBTC trade, moving up nicely:

I also posted a new trade for ZRXBTC, hope you enjoy it:

Thanks for all the likes and support. I will be sharing the XRPBTC (and maybe XRPUSD as well) trade this new week.

Thanks again.

Namaste.
Comment: Ripple (XRP). We are still waiting for the retrace to complete. Please allow time for the charts to develop. We need to have a better picture.
Comment: The price has been holding nicely.
Bear volume has been really low.
The STOCH indicator made a jump...
We still need to wait longer.

Here is the chart (I'll be keeping track):

- In few hours the daily and weekly candles will close.
- They are looking good so far.
Comment: Looking at XRPBTC short term we have an ascending triangle pattern, which is a bullish formation, so the chances of a break up are higher than a break down, still, this needs confirmation:
Comment: This is why we practice patience and wait for the retrace to be completed.

We wait until we have a clear set up and a good buy/entry signal for another run at XRPBTC/XRPUSD.



Your support is highly appreciated.

With your likes, comments, shares and follow, I will still be sharing a full trade once the right time comes.

Namaste.
Comment: XRPBTC run this month is already bigger than April's. April is when the cryptocurrency market had a corrective wave up.

This wave is already stronger. This is a positive signal, but XRP, as well as other altcoins, needs to continue growing for the market trend to change rather than go back down.

Here is a quick chart for your entertainment, it shows the different between Aprils and Septembers run:

GREEN = SEPTEMBER
ORANGE = APRIL

Comment: While we wait for XRP check out my other altcoins trades... YOUR SUPPORT IS HIGHLY APPRECIATED (THANK YOU!!!)

ASTBTC:

ZCLBTC:
Comment: XRPBTC price is now holding around 0.5 Fib. level and EMA10 (light blue line) on the chart below:

- 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 an eye...

Thanks a lot for the huge support and for reading.

Thank you!

Namaste.
Comment: For updates click here:
Comment: PLEASE LIKE, SHARE & FOLLOW.
Check my profile for more Altcoins trades...


XRPBTC Trade (as promised):
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Reply
@alanmasters .. looks like ripple is getting on a little run again... can you look into it a bit please?
Reply
@macilme, Im already on it.
Reply
Alan.. I bought prematurely yesterday RIPPLE at 0.511 Everything fell by surprise as you know. Then XRP bottomed at 0.44 something. Then we had a miracle run. I am good at pinpointing peaks of bull runs, so I sold at 0.547 as a taker and got 0.545 as an average. I made some great money very quickly. Any theories to as WHY Ripple had this logic defying run upward? Are bank execs secretly buying Ripple? Were holders afraid of the dangerous closeness to 0.54 pivotal price and rallied to protect it? This event again should be headline news.. .because the Ripple rally preceded the small BTC rally.. which wasn't really a true rally.
Reply
alanmasters TradeClass
@TradeClass, There have been many alts doing the same in the past few weeks. So it isn't just Ripple. Maybe the market is going to go green soon and the whales are loading up on the alts. That is always my favorite theory when I look at the action the other coins are having.
+1 Reply
TradeClass alanmasters
@alanmasters, yes, two weeks I ago I saw this happen with Monero. However, Ripple did this during a crushing Bear correction.. which I have not seen ANY alt coins pull off. But it would make sense someone or something is buying big into Ripple.
+1 Reply
alanmasters TradeClass
@TradeClass, Yes. I feel the Ripple ride was caused by outside/new money, that I feel for sure.
+1 Reply
TradeClass alanmasters
@alanmasters, for your fans... take note, had I LISTENED to Alan and waited longer to get in, I would have made even MORE money. LOL. The reason I did NOT follow you Alan is complicated.. as I am a day trader and NOT a swing trader. I move with all dips and falls and take crazy chances.
Reply
alanmasters TradeClass
@TradeClass, It is very entertaining that's for sure.
Reply
looks like XRP is breaking downwards as of right now..
@alanmasters what's your take please?
+1 Reply
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