XRPBTC have decided to not follow bitcoin down to the dark hole.
XRP / RIPPLE usually have very easy traded cycles, a coin where much of the TA actually works and its respect.
XRPUSD haven't performed as good as XRPBTC yet, but that one will probably pump as soon as BITCOINs decline turns upward. The USD pairs usually follow the bitcoin dollar price and acts like it.
Enough about that, now to the analyze and trade I'm looking for.
XRPBTC looks like it could retrace some before new fuel to test resistance. Bear divs on 3H & 6H, and just now printing a shooting star on 3H.
https://www.tradingview.com/x/ALYldqLx
Bear divs forming on 3H and 6H timeframe chart
https://www.tradingview.com/x/f3wZxBrl
https://www.tradingview.com/x/yGQ2dhW9
Here’s the XRPBTC trade I’m looking for, the TrendmasterTM signal has already happened, but I don’t think we are stopping on the upside just yet, but with BTCUSD in mind, that are printing a bull div on 12h with a candle close in 15min, we just might get a relief rally on BTCUSD and that dip needed on XRPBTC to fill my bids.I will have a wide SL since the trade been confirmed on the 1W chart.
So this looks like ti could climb a bit, a typical XRP rally and to have in mind, XRP is a company so they are in need of profit and n00bs don’t really understand that XRP is mostly a shitcoin, so they fomo buys it because of the price , and top of that it has wonderful cycles.
My trade setup:
I have bids all the way down to where SL is, then wait to see what happens, if it goes lower I’m buying more on higher TF.
4H trade setup
https://www.tradingview.com/x/kuvzmpva/
1D, TP1 target on 1D chart trade, let rest run.
https://www.tradingview.com/x/9ppHmIqu/
The grand final!!
1W TrendmasterTM indicator confirmed on uptrend
https://www.tradingview.com/x/TANPLP6M/
More trade setups and analyzes can be found in our telegram group https://t.me/cryptotraders112
XRPBTC XRPBTC XRP RIPPLE
Recommended trading sites:
https://www.bitmex.com/register/FoDRns = Margin trading, 1X-100X
http://www.bitfinex.com = Up to 3X margin, Spot trading, some altcoins and tokens
https://www.binance.com/?ref=23030570 = Almost every Altcoin and Token avaliable, no Margin trading.
http://www.kraken.com = Margin up to 5X, Spot, some altcoins
Disclamer: