cbistriceanu

cbistriceanu Updated 

Will history repeat and will we see XRP flying again to similar levels compared to 2017? A positive outcome of the current litigation between SEC vs Ripple may be concluding. Personally I believe that the price will move ahead of the actual decision based on all the current knowledge we have about the case, which leans towards a Ripple win. Usually, the longer the...

cbistriceanu Updated 

With the lawsuit about to finish in the next few months or potentially see a settlement, here is my idea on where the price of XRP will go to. On the weekly chart we are currently in a very tight spot where the price is coiling up for a big move to the upside. The MACD on the same time frame has also made a bullish cross and despite the recent retracement of the...

cbistriceanu

Hi all, It has been a while since I have posted an idea here but that is with good reason as i did not make any sense to post anything until the EW 4 correction is complete. Also, I tend to analyse the macros trends, therefore once we have confirmations of moves being complete, it would make sense to update ideas and post new ones. With all that said, here is...

cbistriceanu

Hi all, I have not updated any of my ideas on XRPUSD as everything is still moving according to plan. However, I do have an update on the price targets I am seeing for this cycle as more data is now available. I believe that once the price will push beyond $2 the ATH will be reach very quick and then surpassed. The minimum targets I am seeing atm would be the...

cbistriceanu

Following the previous analysis, I am now posting an analysis for the short term view. We seem to have an inverse Head & shoulder pattern forming on the daily chart at the moment. Usually this is a bullish pattern that signals a trend reversal , especially when formed on longer time frames. On the MACD indicator we can also see a bullish divergence on the same...

cbistriceanu

Here are my thoughts about where XRP is going next. The initial idea I have published last year got delayed due to the SEC irresponsible and soon to be proben wrong actions. Nevertheless, the chart still looks bullish respecting the initial EW count expecting to see the 3rd one to continue in a very explosive move. After the initial move to $0.75 - $0.80 area...

cbistriceanu Updated 

Here is my view on the current chart of BTCUSD. The price has moved and impressive 340% on the EW 3 since the end of November and the time for a correction is fast approaching. The fibonacci extension does have more room to go to $50k but with an excessive MACD way higher than 2017 and also a very high RSI, such a push may seem improbable. If history repeats...

cbistriceanu Updated 

Is it possible that the tech market is now in a second bubble? Although the valuation of the top 5-6 companies is accurate, what would the rest of the 455 stocks of the SPX are signalling on what is going to happen next? In my view, I believe that a few signs on the chart of the SPX does seem to indicate that a correction is due. There is a current bearish...

cbistriceanu Updated 

This is how I view the macro trend for XRP\USD at the moment. I expect the accumulation phase to carry on until August/September before a serious move to the upside confirming a change in the trend. The price may touch again the $0.11- $0.14 zone for a double-bottom pattern confirmation. The fundamentals for this asset are now stronger than ever and the catalyser...

cbistriceanu

If this bullish pattern completed as expected we should see a large more on the upside for XRP. Combined with the incoming "golden cross" it seems that a reversal of the trend may just be around the corner. Personally, I am still very bullish on XRP and I have been buying steadily each month for the last 10 months. The key levels that will need to be broken on...

cbistriceanu Updated 

On the daily chart of XRP\USD a diamond patter has seems to have formed. This usually indicates a major bullish indicator and a possible trend change. With the 21, 26 and 55 moving averages being very close to each other under the 100MA we should expect all three to cross. The RSI does still have room to move on the up side before hitting oversold could indicate a...

cbistriceanu

Did a an ABC corrective wave just completed after another failed rally? If so, should we see a an impulsive five wave EW pattern? With the impending SBI launch and loads of talks in the US about regulation I would see XRP finally breaking the $0.50 barrier in the next weeks.

cbistriceanu

Yes, I am still long on both XRPUSD and XRPBTC as this asset has the strongest fundamentals in this market. There is a good reason why XRP has the most FUD in the market. The 100MA has already crossed the 200MA which represents the second "Golden Cross" event not long since the first one. A small retracement may still happen over the weekend but on Sunday,...

cbistriceanu

While another revisit for XRPBTC at sub 0.00005000 may be possible a quick reboud would be expected to see the price reaching a new ATH. The critical level where XRPBTC currently sits will be defining for the pair. Therefore, I am bullish biased looking at this chart and I would expect a big move from XRP within 2-3 weeks time. The RSI has plenty of room to move...

cbistriceanu Updated 

While some data of the previous accumulation is missing on this chart to provide some more meaningul data I think we are not far off from a price move soon for XRP\USD. In about two weeks time we will find out where this is going. For me this is looking on the up side, so it is a good time to accumulate.

cbistriceanu

Looks like the accumulation period has extended and we're still in it. Would the next Elliot Wave move be the one? Here are my thoughts on what had happened so far and where we may go from here. I would be curious to see if the resistance at $0.4750 will be broken this time or not. We now have two MA crosses on the daily chart too where both the 50MA and the...

cbistriceanu

As the title says, are we going to see the price of XRP\BTC shooting up or slide further down? This would be the second time when the price level will touch the suport line. Personally, I would think we may see another break on the upside. The reason for my call is also the immenent touch of the 50MA with the 200MA on the daily chart on XRP\USD.

cbistriceanu

After a classic ABC corrective waves we now seem to have a first wave completing and then waiting a second. A small pull back should be expected but I would not see it going lower than $0.3850. On the daily chart of XRP\USD we have 50MA about to touch and cross the 200MA which in TA terms means is defined as a "Golden Cross". That is a very bullish sign and we...