This is still a BEARISH MARKET based on 3 Day Chart of XRP...
Until the lower Bollinger band meets the XRP PRICE at THAT TIME... I am bearish...
@Crypto_Sid, Exactly. Sid with all due respect. You could go to BITSTAMP.NET and see for yourself. This is the exchange that I use. The oldest cryptocurrency exchange... You do not need to create an account to see it. Simply go to bitstamp.net Click on TRADEVIEW (in blue on the top right.) Then, on the left, select (XRP/USD). Then, on [INDICATORS] select:
BOLLINGER BANDS: Note: all stocks, all coins follow the same structure... "what hits the TOP BOLLINGER BAND" ***MUST TOUCH*** the BOTTOM BOLLINGER BANDS...
Indicator Select: ICHIMOKU CLOUDS : You will notice ultimately that there is no cloud obstruction... WHEN YOU LOOKK AT THE THREE DAY CHART! Also know with clouds... "WHAT GOES THROUGH A GREEN CLOUD - MUST GO THROUGH A RED CLOUD" and vice versa. CURRENTLY, the red ichimoku cloud is at: .226 CENTS and WILL BE TOUCHED BEFORE IT BOUNCES OFF!
Indicator Select: MACD You will find that both The red and white lines are down and I have been observing that they have both been going down further...
THE 3 DAY CHART is selected by choosing on the right... 3D It is auto selected at 30 min chart (which looks impressive) AND will fool 95% OF THOSE THAT TRADE IN ANYTHING AT ALL!
Be aware, check for yourself, I am not here to school anyone (I promise). I understand what "NaviedKhvn" has been saying and I cannot argue that... I can only show the EVIDENCE of what is being seen THAT MOST PEOPLE SIMPLY ARE NOT SEEING." Being blinded is not a fault.
There are many tools one could use at any given time... But, the compelling tools right now are the ones I mentioned on the three day chart.
You can keep these settings while selecting on the TOP LEFT BTC/USD... Then select 3day chart on the right and WITNESS FOR YOURSELF...
"Bitcoin" has hit the lower Bollinger band... and IS STILL ON A DOWNWARD SLOPE!
Everyone knows that the alt coins are following bitcoin... and we all know they buy into one pair sell off and buy into another pair... thats' beside the point.
The market is still bearish... Please use caution...
The Wiz
The current 3 day chart lower Bollinger band still sits in the NEGATIVE -.13732 area well below the .22600 RED LINE I am speaking of... This DOWNTREND "could last" through February 12th, 2018.
This is based on the weekly chart and each move with the mouse "as a tick" is 7 days...
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All those indicators in the chart are DOWN! This is a weekly chart because TRADEVIEW does not have a 3 day chart.
This is why I direct you to challenger yourself to witness what it is I am seeing... This is due diligence at its best.
Good luck and may the FORTUNES be with you...
BOLLINGER BANDS are my best indicator... ICHIMOKU CLOUDS in this example is for the winning argument.
Be safe - not sorry.
The Wiz
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Forgot to say: select Indicato - then Bollinger Bands - sorry
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Wow! There is now a .02093 BOTTOM FIB LINE!
I don't believe it will go there... but it could.
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Resetting my buy order to: .24902 cents
Good night all. May the fortunes be with you.
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As follows: everyone knows the alt-coins follow bitcoin. Look at BTC and XRP - 3 day, bollingers and ichimoku and you will see that they have been in SYNC.
Courtesy of: Magic Poop Cannon's current TA on BTC... here you go for a true revelation.
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Looking at the 12 hr. chart... omg it looks NASTY!
@abelgalaz, It is! I agree...and I would also want to buy into it if I had not realized what I know now. Sadly, others don't see it... will buy into and will lose more coins because of it. Its because we want to BUY! The problem is that they think now is the time and too many people are showing charts of where it is headed and BUY BUY BUY. When They in fact should not be...
@WizardOfRealms, yes im just itching to buy hahahah i been waiting a very long time i sold at 1.40 but yet i still sleep like shit hahaha
WizardOfRealms
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@abelgalaz, sorry to hear about the sleeping issue.
I am a buy @ .23 if the lower Bollinger band does not cross...
I am a buy @ .41 if it does cross the .226
And I am a buy @ .68 if the Bollinger band crosses the .41
I think this will be a quick move so, I am closely monitoring it.
Anxiously awaiting it.
abelgalaz
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@WizardOfRealms, no issue just dreaming of the prices hahahah. i think it will be a very quick move to. Glad to see you have it all planned out . ill be watching just like you because if you miss this train their is no turning back
XRP is headed - as we've been posting for over two weeks now ( hate maile and all) to 30c or less via our own charts and EW. You're reading of this as a "bull trap" is correct.