MACD is bullish... Moving averages not so much, but we have to believe it's going to reach for that 50 day SMA ~8k Momentum squeeze indicator on the rise Aqua lines are old LONG FLAT ichimoku lines (magnets), but developed during bull market of course. RSI is low and looks ready to bounce soon Wedge was broken to the upside. Most adopted crypto by current...
Hello everyone welcome to my first trade idea about Ripple the cryptocurrency vs its value against Bitcoin. XRPBTC appears to be in a rising wedge pattern and will likely fall in value compared to Bitcoin to the target range of 8075-8050 satoshis. There are two ways to take this trade, you can short it aggressively near 8,200 satoshis or short defensively and wait...
what u think? Predicted buy and sell zones> Accumulate zone" 0.000071000-0.000072000 Sellzone: 0.00008K-0.00008200
I posted a short term bullish idea on XRP, but taking a look at it on the weekly timeframes with indicators on, it looks mightly bearish. We have some pretty nasty Bearish divergences between last peak (candle close) and most recent peak (candle close) on both RSI and MACD. I've circled a potential fractal that we may be in. Could see us reaching for another high,...
XRP/BTC is currently on a downtrend and showing a great shorting opportunity, even though its MA200 is currently serving as a dynamic support. It will most likely go down to its 0.286 Fib retracement level and it might hold there for a while. If nothing positive happens, it will complete its market cycle and continue to fall to its next support level at ~2800....
XRPBTC Short below 8558 tp at 6224 then 3832 If above 8558, long and tp at the blue line above 8558
I am still sorting Ripple/Bitcoin: These are my targets: First target 0.000073 Second target 0.000043 Third target 0.000028
In a red zone. I think its time to think about stop loss for XRP. But before you short Plan your re-entry.
Looking at the Fib speed resistance fan for XRP/BTC and it is following an extremely overbought bullish trend. It's difficult to do technical analysis on XRP due to how strong the fundamentals are driving price at this point, however the universe must adhere to the laws of mathematics, and therefore $hitcoins must also do the same. I am looking at shorting the...