Hello!
Welcome all traders looking to give their mind a rest, welcome all full time since 2017 crypto traders looking to blast someone as they learn what a trend-line means, and welcome all the really nice ppl...I am The Real Johny Button (officially) and these are my thoughts on Ripple:
As the market makes a move up, it has been clear on the market cap chart (dig one up from the back of the cupboard) that we have hit about rock bottom on correction level (around 260b or something) and bouncing back to the moon!!!...not yet folks. This bounce though will produce the need for a correction soon as well, but until than lets see what the hell might be unfolding!
In comparison to BTC which has made its 2nd bounce up (now on the 1DAY chart in a consolidation, that means sideways to the crypto boys aka traders since 2017), Ripple and others have followed recent movement.
We have a very nice looking Elliot pattern here on the Ripple chart. This even lines up with the main fib levels, how wonderful. It can be cross checked with ETH, and BTC, and some others, to gain some knowledge of the market cap action growing recently....market cap has climbed above 390b in the past 24hrs, and if the market cap keeps its part of this deal, I want it to hit up towards, or above 420b. That will mean Ripple will do what it has to do, and make a WAVE 5 ppl... Yay i can pay rent, book a flight, and keep living the dream of a bum!
So fare i have traded in & out of he market at the beginning of these waves up, exiting at the top(ish) part...waiting to read charts consolidation move (in line with other majors, and market cap), buying back in on confirmation (with a stop loss idea ready), and riding the rocket.
Once again I am going for this move, buying in on this consolidation with caution to still use a stop loss so i can play again another day if it goes the other way in the next day or so. I am targeting up towards the $1.10 mark...but this could change as I study any upward move as it happens and break down sub-waves to get more of an idea of where that target may land.
So there you have it guys, it is not what will happen, it is a scenario of a possibility, so give love, or give it hate!... I don't care at the end of the day I'm Banging a 10/10 when i go to bed tonight, Later!!
Welcome all traders looking to give their mind a rest, welcome all full time since 2017 crypto traders looking to blast someone as they learn what a trend-line means, and welcome all the really nice ppl...I am The Real Johny Button (officially) and these are my thoughts on Ripple:
As the market makes a move up, it has been clear on the market cap chart (dig one up from the back of the cupboard) that we have hit about rock bottom on correction level (around 260b or something) and bouncing back to the moon!!!...not yet folks. This bounce though will produce the need for a correction soon as well, but until than lets see what the hell might be unfolding!
In comparison to BTC which has made its 2nd bounce up (now on the 1DAY chart in a consolidation, that means sideways to the crypto boys aka traders since 2017), Ripple and others have followed recent movement.
We have a very nice looking Elliot pattern here on the Ripple chart. This even lines up with the main fib levels, how wonderful. It can be cross checked with ETH, and BTC, and some others, to gain some knowledge of the market cap action growing recently....market cap has climbed above 390b in the past 24hrs, and if the market cap keeps its part of this deal, I want it to hit up towards, or above 420b. That will mean Ripple will do what it has to do, and make a WAVE 5 ppl... Yay i can pay rent, book a flight, and keep living the dream of a bum!
So fare i have traded in & out of he market at the beginning of these waves up, exiting at the top(ish) part...waiting to read charts consolidation move (in line with other majors, and market cap), buying back in on confirmation (with a stop loss idea ready), and riding the rocket.
Once again I am going for this move, buying in on this consolidation with caution to still use a stop loss so i can play again another day if it goes the other way in the next day or so. I am targeting up towards the $1.10 mark...but this could change as I study any upward move as it happens and break down sub-waves to get more of an idea of where that target may land.
So there you have it guys, it is not what will happen, it is a scenario of a possibility, so give love, or give it hate!... I don't care at the end of the day I'm Banging a 10/10 when i go to bed tonight, Later!!
Trade active:
Comment:
BNB just made a move out of consolidation, and so have some ALTS (GTO)....so with a nice bounce of the bottom consolidation support line here on XRP and the other coins pumping..PLUS the MARKET CAP has just about hit 400b (399b to be right at this point in time) . . . . . its game time in my hood !
Comment:
OK so the market has popped 400b overnight (slightly dropped back under now though).
Ripple, and across all major currencies, the same situation has presented; This will take roughly a day to unfold...One more down bump on the MACD (everything moves in 3's) is needed to reverse up. Bollinger bands are contracting so fingers crossed that explosion is up after the MACD completion. This is a clear sideways battle of consolidation...come on bulls!
I have my stop loss level ready, I want to keep playing so I will exit my trade if i need to, doesn't bother me yee haa!
Ripple, and across all major currencies, the same situation has presented; This will take roughly a day to unfold...One more down bump on the MACD (everything moves in 3's) is needed to reverse up. Bollinger bands are contracting so fingers crossed that explosion is up after the MACD completion. This is a clear sideways battle of consolidation...come on bulls!
I have my stop loss level ready, I want to keep playing so I will exit my trade if i need to, doesn't bother me yee haa!
Comment:
lets see what happens... I placed my thoughts on the screen image, look at the RSI, look at the MACD.
Using all indicators together, bollinger bands are contracting also... keep in mind...do we go up or down at the end of the day ?
Using all indicators together, bollinger bands are contracting also... keep in mind...do we go up or down at the end of the day ?
Trade active:
here we go! . . . maybe . . . yee haa we need to punch through fib level !!!