So as you have notice, we have been keeping a close eye on Ripple and they way its trading. We saw a strong bullish bounce once it has reached its support zone and been trading around $0.20 for the past few days. Once we get a close above the horizontal green line (current resistance) - we can expect a strong bounce.
Let see how Ripple will unfold in the next few days. Thoughts? - Abdulla
Hello Fadhala - thank you for sharing, always appreciate seeing a note from you pop up : )
Thanks for this.... I't reassuring to see how strong the 0.1900 - 0.2000 support zone is - great place to buy : )
In the absence of any fundamentals it seems most of the energy in the market is focussed around Bitcoin ( and Bitcoin Cash recently), maybe something will kick in newswise to draw focus back here soon....
abdullatrader
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@DVemer, Thanks for your kind words. Usually when there is less noise, market makers are planning for something. As they 'buy the rumor, sell the news". This exactly happened during the last conference was prices were trading near $0.3. See the chart below when a lot of retail traders though prices will go to $0.5.
rvmartinez64
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@DVemer, As bitcoin goes up so does alt coins. It's been a pattern recently. Let's see if any of these alt coins have legs and can stand on their own.
DVemer
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@rvmartinez64, Hey Martinez - it may have been so and I've noticed the opposite happening lately.... Bitcoin is scratching the sky and the altcoins are all generally consolidating at their supported floors - Bitcoin Cash has been bouncing at $300 until the news came that they were going to improve the code in a non-contentious hard fork upgrade. A positive sign, and it reached a new baseline ( let's see if that holds ). This isn't a bad thing - currently we're getting a good picture of where the support levels are for the alt coins and seems to give us a good entry point for long buy-ins.
Take a ook at the "coin gecko" 3 month charts and you may notice a clear correlation between funds flowing into Bitcoin and funds flowing out of Altcoins...
damdamm
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@DVemer, So what price path for Ripple do you expect while Bitcoin will Crash to 4k area ? Are you expecting that Ripple will fall down like BTC ? Or you expect that Ripple behavior will be opposite to BTC and we could observe great UP ?
MarcoPirrongelli
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@damdamm, I feel it will repeat the same behavior of the past, will go up! resistance and time will let us know :) happy trading!
Thanks for this.... I't reassuring to see how strong the 0.1900 - 0.2000 support zone is - great place to buy : )
In the absence of any fundamentals it seems most of the energy in the market is focussed around Bitcoin ( and Bitcoin Cash recently), maybe something will kick in newswise to draw focus back here soon....