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Ripple XRPBTC Pair Fractal Analysis and Bear Trend

BITTREX:XRPBTC   Ripple / Bitcoin
The Ripple XRPBTC             pair is within a long Bear Trend

We suggest that you come back in March-April 2018 to trade this pair.

Notice the potential striking symmetry between both bubbles on XRPBTC             , both put a similar blow off top and then sold off within a large falling wedge making a full retrace. Since our last subscribers report, as we had expected, RIPPLE made a leg up and wick on February 9, 2018 that mirrored the June 7, 2017 wick (a tad past the 50% Fib – see green circles). Based on this, RIPPLE could follow a similar path as outlined in our bearish blue fractal scenario but we will be vigilant and set an alarm in case the top of the falling wedge is broken

The 1H 2H 4H 1D Bollinger Bands simultaneous squeezes released to the downside in a big expected bearish move. Currently the momentum remains bearish on almost all the timeframes

Recommended Entries/Support:
0.0000579-0.0000590 and 0.00003557-0.00003880 (potential final bottom)

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Bình luận: A lot of exictment on XRPUSD and XRPBTC, but as seen on our chart this will be short-lived as the longterm is still bearish.

We have two selling points/take profit areas:
0.00009465 which is the 1D midband
0.00011 which is the top of the falling wedge

Bình luận: Sell target hit perfectly as expected: 0.00009465 (1D midband)

Bình luận: 18 days later and XRPBTC is still within the expected downtrend, we are still staying out of Ripple until our recommended Entries/Support areas get hit or until the top of the wedge is broken to the upside:

Entries: 0.0000579-0.0000590 and 0.00003557-0.00003880 (potential final bottom)

Đóng lệnh: dừng lỗ: XRPBTC Quick Update/Break Out Alert 04/17/2018:

Ripple broke out past the top of the large falling wedge, ending the bear trend and confirming the bull reversal and the start of a new bull run. The target of the wedge is 0.000146 at which full profit should be taken.

Interim resistances on the way up are: 0.0000946 and 0.000120

Very interesting. Thank you
+1 Phản hồi
@Yookii, cheers!
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