XRP Still In Correction From Dec 2017
Updated
I think we are only half way through this correction that started Dec 2017. This should be the final leg down for a 2nd wave. This also follows my Expanded Flat in BTC. SNX also looks as if it has about completed 5 waves up
for a 1st. This is not the time to be long. There will be VERY good buying opportunities in the future.
Sentiment is at an EXTREME level....BTCSHORTS are at an EXTREME low level, also indicating a significant top.
for a 1st. This is not the time to be long. There will be VERY good buying opportunities in the future.
Sentiment is at an EXTREME level....BTCSHORTS are at an EXTREME low level, also indicating a significant top.
Note
Even a print above the previous high ($0.83), I would still call that a more complex B.Note
I know this is about XRP…BUT…If you look at the ~13th March (BTC), and that DEEP correction, which warned/indicated to me that that level will most likely be broken in the future. I was thinking a 1/2 1/2, until that. After that correction, I started looking for a high B wave. Anything is possible, but with this EXTREME positive sentiment, I doubt there is much/any more upside left.Note
I think XRP is on the way to putting in 5 down:Daily chart:
ibb.co/vZC2svq
Note
5 down for a first wave, could be complete. It could also only be wave 3 of the first.Something like this:
ibb.co/c6Gwnzz
Note
First down and A of A-B-C up...$0.84 negates all
BTC REALLY extreme...more so than Dec 2017....20K top.
Note
XRP could be in the final stages of this small wave (2), ready for a massive third down:ibb.co/yY1nHZH
Trade closed: stop reached
Stop hit
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