Analysis: Ripple, Dash, Stellar Lumens, Bytecoin & Gnosis | Hacked: Hacking Finance


Analysis: Ripple, Dash, Stellar Lumens, Bytecoin & Gnosis

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Analysis: Ripple, Dash, Stellar Lumens, Bytecoin & Gnosis


This article was posted on Monday, 05:47, UTC.


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Ripple gave a false break (highlighted) when it closed above the arc.  It was a buy signal which I tweeted, but then price fell back to the arc again.  It happens.  There is a 1×1 from the swing low which should support price at .32 (assuming the bull market is still intact).  Below there is a good place for a stop, IMHO.


DASH found support at the top of the square and is trying again to penetrate the 4th arc.  A buy signal will be given when/if price closes above the arc.

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I looked at this chart the other day in response to a readers query (BCNBTC). At the time I thought that it might take a couple weeks to recover, but just two days later it is testing the ATH again.  The 5th arc is close though at 25.  Alas, Kraken does not support this coin so I won’t cover it very often.


This coin doesn’t get much coverage, so it has not been on my radar screen.  But I see it has done quite well. 5th arc approaches at ~ $230

Stellar Lumens

XLM has been a bit of a mystery to me.  IMHO it was clearly a coin to be in.  It has been moving up steadily for weeks, but even when it was flirting with an all time high it was still getting no volume.  I almost gave up on it.  I actually entered a sell order last night before I slept.  But then I looked at the chart again and decided to cancel the sell order, because the chart was simply too bullish to sell.  Then I woke up to see a new ATH and a 5th arc in sight at ~ .075.  Life is good…

Remember:  The author is a trader who is subject to all manner of error in judgment.  Do your own research, and be prepared to take full responsibility for your own trades.

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Feedback or Requests?

Jim Fredrickson

Jim Fredrickson

Jim has an MBA from the University of Southern California. He has had a long career in both Corporate Finance and IT. Along the way he discovered that trading was a vehicle with great promise, but struggled for a long time without a mentor. After having been knocked down many times and having struggled to get back up, he had an epiphany and realized that geometry was a solution. He shares his experience here. If you do well as a result of suggestions made here, feel free to say thank you :) BTC: 1FUq3GB1Q8zz2JpuBr7YHzVBKnaWoxgmya Follow him on Twitter (@jimfred1276) or email him at jimfred1276 at gmail.

  • user

    AUTHOR [email protected]

    Posted on 5:54 am May 22, 2017.

    Hi Jim,

    Think the heading is in error….suppose to be Monero instead of Stellar?

  • user

    AUTHOR SimonDavidL

    Posted on 5:56 am May 22, 2017.

    Is there a type there at the last paragraph?

  • user

    AUTHOR Parentesi

    Posted on 6:12 am May 22, 2017.

    Hello Jim
    I think you meant XLM and not Monero at the end, right?
    I almost made the same thing, but stayed in… and then. ^_^

  • user

    AUTHOR leveler

    Posted on 6:17 am May 22, 2017.

    So, Now I need to buy more ripple or not?
    and if i have ripple, i need to sell ripple or keep ripple more?

  • user

    AUTHOR foryou

    Posted on 7:11 am May 22, 2017.

    Great inputs again Jim, and I like that you keep updating through tweets too, that is helpful. I just wanna need your help on understanding that how far will DogeCoin go before it dips, it has been increasing steadily for sometime now. Your reply will be appreciated.

  • user

    AUTHOR And

    Posted on 9:39 am May 22, 2017.

    what do you think about ETH. It looks like it is over 5th arc … Do you suggest new target? Thanks!

  • user

    AUTHOR jurajf

    Posted on 10:29 am May 22, 2017.

    guys which kind of indicator are those arcsplease ? its fibo arc?

  • user

    AUTHOR eb

    Posted on 1:23 pm May 22, 2017.

    What about STR?

  • user

    AUTHOR umer_majid

    Posted on 4:31 pm May 22, 2017.

    Hi Jim. I caught the dash rally today because your analysis gave me the confidence to go for it. Thank you very much. I look forward to your analyses every day.

  • user

    AUTHOR myndtrick

    Posted on 6:09 pm May 22, 2017.

    All the altcoins have dropped significantly in the past few days. Is it safe to assume it is because of BTC/ETH rally? If so, what should we do with the current holdings of altcoins?

    • user

      AUTHOR Jim Fredrickson

      Posted on 12:09 am May 23, 2017.

      Money seems to be fickle these days, but in the end these corrections are necessary and good in any market. If you are not leveraged you can wait them out. If you are leveraged you must be very vigilant.

      • user

        AUTHOR myndtrick

        Posted on 11:21 am May 23, 2017.


        I was wondering, do you know any website where we can download raw historical data in a csv format for the cryptocurrencies, as on poloniex/bittrex, I can’t.

  • user

    AUTHOR Angie

    Posted on 3:28 am June 4, 2017.

    Hi Jim,
    I bought BCN after reading your comments . It has not moved for 2 weeks and I was wondering what your predictions for this coin in the short term and long term.
    All your other predictions have been spot on and I am happy with my profits. BCN is the only one that has me confused. Any advice you can offer would be greatly appreciated.

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