Future contracts on Bitcoin, blockchain and Ripple

That's it: the first Bitcoin futures contracts were launched on the CBOE (Chicago Board Options Exchange). Proof of the craze out of norm: the official website of CBOE planted Sunday at the launch (saturated by the number of connections?). The CME (Chicago Mercantile Exchange), a competitor of the CBOE, will follow on December 18, and the Nasdaq talks about going there next year. The report is without appeal: Bitcoin and crypto-currencies will continue to be THE subject of 2018.
The heart of all currency cryptos resides in the blockchain. Just yesterday, moreover, we learned that France was going to adapt its legislative framework to this new technology - obviously, you'll tell me; it would have been surprising if France did not legislate on something. The goal is to use it for financial transactions of unlisted securities. It's not just Bitcoin that uses this innovative technology, and we agree that it's truly a revolutionary information storage and transmission system.
▶ What exactly is a blockchain for?
For decades, banks have been the lion's share of financial transactions. Whenever you make a transfer, a transaction, hop ... it goes through them and they use. But with crypto-currencies, in the absence of debits discharges, and without any commission on operations, the banking sector has concerns about its future profitability.
No wonder, then, that banks are increasingly eyeing cryptos and fintechs. Speaking of fintech, and to make a little parallel with the Ripple, I recently had lunch with one of my contacts at Citigroup (NYSE: C). The latter then spoke to me about Revolut, a British fintech having just developed an application around the foreign exchange market. This is a mobile application offering many banking services to pay in foreign currency at no cost. It uses its blockchain, its transaction protocol.
And if you travel a little, you quickly understand the interest. No more commissions from your bank or exchange office on your payments or withdrawals abroad!
With my wife and children, we were planning an extended weekend in Morocco lately - a trip we had to cancel in the end. Still, I decided to change € 1,000 in dirhams to be quiet on the spot. Not being able to leave finally, I did the reverse operation less than two weeks later. Review of the races: I only had about 900 euros while the price of the Moroccan currency had hardly changed compared to the euro: the 100 € costs, 10%, are well in the pockets of the financial intermediary. 10%! In short, no comment ...
This is the kind of anecdote that shows the immediate and concrete interest of blockchain technology.
▶ Ripple, the beloved crypto-currency of banks
But back to crypto-currencies; today, I would like to talk to you about the Ripple.
Less known than Bitcoin or Ether, Ripple (code XRP) is the sixth crypto-currency in terms of market capitalization (as of December 11 ... things change quickly) with more than 10.25 billion dollars. The Ripple, like all crypto-currencies, has developed its own protocol (its own wholesale blockchain), and is perhaps the most "institutional" cryptocurrency; it is used by big banks.
Used by companies such as UniCredit, UBS or Santander, the Ripple protocol has been increasingly adopted by banks and payment networks as settlement infrastructure technology, with American Banker explaining that "from a banks' point of view Distributed registers like the Ripple system have a number of advantages over crypto-currencies like bitcoin, including price and security. (Wikipedia)
The Ripple protocol therefore integrates the banks' existing networks and allows free exchange and transfer of funds. Since 2013, the protocol has been adopted by a growing number of financial institutions to "[offer] an alternative remittance option" to consumers. Ripple allows cross-border payments for private customers, businesses, banks, and Larsen was quoted stating that "Ripple simplifies the [trading] process by creating point-to-point and transparent transfers in which banks do not have to not pay bank charges for correspondence "(Wikipedia).
So we come back to the application that spoke to me about my contact CitiGroup.
▶ Should I buy Ripple?
This is the graphical analysis that will help me, because from a more "fundamental" point of view, I have no idea whether the Ripple is better than Bitcoin or Ether, etc.
Graphical analysis makes it possible to analyze an asset objectively. The idea is that the evolution of prices reflects at every moment the "right"

▶ Should I buy Ripple?
This is the graphical analysis that will help me, because from a more "fundamental" point of view, I have no idea whether the Ripple is better than Bitcoin or Ether, etc.
Graphical analysis makes it possible to analyze an asset objectively. The idea is that the evolution of prices reflects at every moment the "fair" price.
But on crypto-currencies, there is no fundamental newsflow that would scramble the data: it is a technically pure market. While the recent Bitcoin flemish may be justified by the prospect of higher liquidity (see the arrival of future contracts) it is less the case on other crypto-currencies. Hence the interest of technical analysis.
Look at the graph taken in Ripple's daily base

Here we have a pretty symmetrical symmetrical triangle structure. You know this kind of figure: the output will be impulsive, upward or downward. So watch the output of this structure because, being the compression of volatility lately, the next move will be violent!
And given the underlying trend of Bitcoin, I would not be surprised if it came from the top ...