RIPPLE A - E CORRECTION

31 ago 2017

After studying the Bitstamp data, the following pattern can be deduced. I have now shorted this market. I will review the data once again if we break resistance or reach correction wave-E.

31 ago 2017

Nota

I'm getting a lot of question regarding my move:
I mentioned in a previous post that Ripple is very good at returning to the 0.618. To me, this means large players are leaving the market :)

31 ago 2017

Nota

I could be wrong tho!

31 ago 2017

Nota

Careful, rising wedge.

1 sept 2017

Nota

??

1 sept 2017

Nota

1 sept 2017

Operación activa

1 sept 2017

Operación cerrada: objetivo alcanzado

1 sept 2017

Nota

Well that was a nice short :)
I'm still not convinced that I should be opening long positions.

1 sept 2017

Nota

maybe another short?

1 sept 2017

Nota

I am 90% convinced Ripple is in a complex correction... I'll buy it at 19 cents

1 sept 2017

Nota

For all you bulls: that hammer candle is Ripple telling you "i'm going this way."

1 sept 2017

Nota

We are still within a large rising wedge, and the candle stopped at the ema. More up after going down is technically possible.

3 sept 2017

Nota

OK, Wave C? You have a chance to sell your position at 25 cents before decending to the buy zone at Wave point E.

4 sept 2017

Nota

Market conditions have changed, and investors are very risk averse. Caution at the support at 19 cents as we may test the trend line (16 - 17 cents). If we don't bounce off the trend line, we may not see the 19 cent area for a while :(

6 sept 2017

Nota

Wave C was deep and not really a good sign. We are likely to visit D at a lower range and return to the support line.

8 sept 2017

Nota

Moving back to the support line. I have this marked as the end of correction wave E. Unfortunately, this does not seem in sync with BTC and some of the other assets and their correction stages. So, if you plan to buy at the support, please be cautious. The trend line is now closer to the support area on the chart. If we break the trend line it will be very bad news for Ripple in this pair.

11 sept 2017

Nota

We should consolidate below the min fibo based on the data. The BTCUSD correction is about half way through, so I cannot see the XRPUSD price punching the long term bull line. I expect a bit of a sell off when we cross the purple line.

13 sept 2017

Nota

I am still waiting for BTCUSD to finish wave 4 before buying XRP. But here is what I see at the moment. Once I am long I will post another thread.

13 sept 2017

Nota

NEW THREAD looking at the XRPBTC pair.