One of our followers asked for a long-term chart for Ripple vs Bitcoin (XRPBTC)... Here it is.
--- To me it looks very simple and straight forward. The market moves in cycles, we have bearish and bullish cycles.
Below EMA50 we have bearish cycles. Above EMA50 we have bullish.
After the 01 January 2018 price peak, we had the longest bearish cycle in Ripple's (XRPBTC) history. Ending now.
In exchange, we are likely to experience the strongest bullish cycle next.
With follow up from the bulls, the charts technicals support this, we will see 500% to 1,000% within the next 3-12 months.
In a bull run scenario, after many months of sustained growth (higher highs and higher lows), a mania/euphoria phase can be experienced that produces numbers that are off the chart.
We normally don't trade based on this and just take it as an extra but this is surely a possibility.
Disclaimer: This is not financial advice. This information is shared for learning and entertainment purposes only.
Do your own research before trading. I am just sharing what I see coming from this chart/my opinion.
@AlanSantana thx for Your Great charts/ideas always! Love to see/read them! Maybe a stupid question, but the %’s mentioned is it counted from 2013 prices or current?
Love this chart @AlanSantana ! Looks very likely to me - a kind of a complex bottom.
Have you looked at XRP ETH charts? In my view, they give more clues about XRP bottoming process. What do you think? I'd really appreciate your analysis on XRP ETH (if you find it interesting yourself)
All the best for this trade!
AlanSantana
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@adamicius, I never looked at it but ill keep it in mind for the future... Thank you for the tip.
I know this is not the right tread to ask, but I was wondering if you would be so kind to do a TA on HBAR? what is yor take on it, have you researched this coin? I don't see nobody talking about it and it seems to have a lot of potential for the LONG term.
VasilyTrader
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I have similar expectations here bro!
MSXS777
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Hello @AlanSantana , the peak market cap for ripple was 124 bln USD with current mcap at around 60bln. 1000% would generate 600 bln mcap, do you think such mcap would be possible to achieve?