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XRP EXIT STRATEGY 21/22 BULLRUN Afternoon people, I'd just like to say firstly thank you for all the support and for taking the time out of your day to consume my content. It's most appreciated. Diving right into the charts here we are looking at the weekly chart for XRP. As we can see for quite some time we have been pretty much moving sideways, since we broke out and retested the 3 year trendline that had formed from the previous ATH. Price has been coiling up and the longer this goes on for the more violent the breakout will be. Going by the mechanics of the market cycle for XRP, I would be anticipating a parabolic move to the upside, in line with the majority of the market during this bull run. Since price has moved above the trendline it broke out of, an entire year has nearly elapsed and price is still nowhere near its previous ATH. Is XRP dead? hah far from it. The infants in this market and those who are impatient/emotional have lost faith in XRP. Not that you ever needed faith anyway, if you truly know what you're invested in. You know that time is on your side and all you have to do is position yourself the right way and wait. Historically in bullruns XRP moves last and it moves violently. Only once BTC hits it's top and begins to retrace, will XRP begin to move. Patience is key. What we need to understand about XRP is that it is positioned to stand as the beating heart in the new financial system. When you think of Ripple you should think of Amazon. Ripple are going after all the money and will be to finance what Amazon is to everything else (lel). It is quite clear from looking at the charts, not even considering the fundamentals that have been appearing throughout this cycle. That XRP is heavily being manipulated. The SEC who's main function is to protect investors, have actually achieved the antithesis of this. This is all a show though, the SEC have been called in to stall the price of XRP whilst behind the scenes banks & financial institutions prepare. Soon the world will never be the same again and the new financial system will be here. The case for XRP this bull run is a simple one and it is all programmed into the charts. The charts never lie and until they do, I will follow my exit strategy which I will include at the bottom. We know (as illustrated in the chart) that after XRP hits its ATH it drops 95/97% and finds its bottom after this percentage drop. This has happened twice in the past, of course past doesn't guarantee future performance. But until I see the charts show me something else, this is what I will follow. Keep this percentage drop in mind because it further strengthens the case for a 3 digit XRP this cycle that I will present later. (I know, I know bare with me). Once the bottom has formed on XRP we can draw a fib from the ATH to the bottom to predict where price is going next. If you look at the 2017 run, once the bottom was formed you can lay out the fib and this presents price targets. XRP found resistance and support at the 1.272 & 1.618 before finishing its run with a move to the 2.272 (call it $3). After the ATH was hit there was a drop of around 96% to the bottom. At which point the fibs can be thrown on the chart again to plot future targets in the next bull phase of the cycle. As it stands XRP still has it's previous ATH to overcome but once we see a close above this level, I expect a move to the 1.272 ($8), 1.618 ($27) & 2.272 ($242) during this bull phase. I initially believed that we would top out at $27 dollars and go no further, but upon further looking in to the charts. I believe that it's not only possible we hit the 2.272 as the top. It's highly likely. The factor which causes XRP to go parabolic to the 2.272 will be the result of the SEC case. I believe until we have a resolution we will be playing around the 1.272 and 1.618 fibs, but once we get the news. I expect a powerful move to mark the end of the entire bull market. Most coins at this point will already be in decline. But doesn't a $242 XRP mean the market cap would be around 12.5Trillion. Isn't that impossible? Well market cap doesn't mean the same as it does in stocks for a start so using this metric as a limit to how far a coin can go is redundant. Plus it's very simple. Once the case is settled (at the height of the bull run) XRP will receive the clarity it so desperately needs. Once it gets this status, not only will all of Ripples partners go live with XRP, new investors will flood in and also XRP aside from BTC and ETH will be the only crypto in the space with clear definition. It seems a lot of money is about to pour into XRP and leave the disbelievers wondering how they didn't see it happen. They'll say we got lucky, we know luck has nothing to do with it. I expect us to get some sort of case settlement around the deadline date of 14th Jan. Worst case scenario is that we don't get the deadline and they push it back further. If this happens I expect XRP to stay above the 1.272 @ around $8. I call this one the launch pad. We will wait patiently to see how this plays out but know that as soon as the case is settled, XRP is off. Many will jump on the train too late, I have positioned myself in a way where I wont have to chase the market. I wait and let the market come to me. No emotions. To further strengthen the case that XRP is going to $242. referring back to previous drops from ATHs. XRP bottoms out around the 1.272. It never revisits its previous ATH at any point whilst finding its bottom. Has illustrated on the chart. You can see that the only price point that allows XRP to fall by around 97%, has the 1.272 as the bear market bottom and still bottom out nowhere near the previous ATH @ around $3 is if we top at around 2.272 ($242). All the other fib extensions could be the top but it would mean either XRP falls below the previous ATH for the first time ever in its history. Or the drop isn't as deep as it has previously been in the last two cycles. These are possibilities to be considered and therefore my exit strategy accounts for this. For this to happen however, XRP would have to do something it has never done in any cycle ever. Again until the charts start lying, I will follow what they show me. My exit strategy using 10K XRP example: Split holding 50/50 Strategy 1 5K XRP 10% @ $4 20% @ $8 40% @ $13 30% @ $27 Strategy 2 5K XRP 1250 @ $10 1250 @ $15 1250 @ $20 1250 @ $25 Strategy 3 Upon a retrace from $27 (1.618) to $8 (1.272) I will buy back 50% of my original holding. This will have a sell target of $240 (2.272) Bitcoin = 233K TOP XRP = $242 TOP So to clarify this is for educational purposes only. Don't forget to take profits and thanks again. Happy trading :) Yours truly, Chartster
BITSTAMP:XRPUSDLong
by PrinceParisOfTroy
7
SHIB SHIBA INU Ready For a Major Breakout! SHIB loves these descending triangles. Most of the time these are a bearish signal. Many times though in an uptrend descending triangles are extremely bullish, especially with SHIB who loves them as you can see. This is just a small washout dip to get primed for the next big run up. Not financial advice just my opinion, follow me for frequent updates and if you have any chart you would like me to look at let me know. Thank you and safe trading.
Long
by Bitgolder
7
BTC - ETN TOOL GOING SHORT AND BTC ON RISKY WHALE ZONE 57KHello trading friends, This is a BTC ETN tool update, and we have done these updates more times, and all before times the ETN was right also the time with the 39K trend last month 8 below the chart more details. also did predict the ETN tool the known MAY crash ETN did predict until now all crash trends see below AND this time also the ETN shows a breakdown trend for BTC coming time to 57K at last. #Most time when ETN update come there is a FOMO effect, but we see after that when the market becomes stable the trend change. I like to share with you this update, doesn't matter where the price will go. Know that BTC is at a very high top point and almost forgot that, we just did hit a short time ago ATH. manage always the risk. This is not financial advice, this is our 100% trend on the ETN tool. know that it can take some time, but expecting after this FOMO effect, the price action but show them real trend. Have a great day
Short
by watchtrend
4
COMPOUND LOOKS READY FOR THE MOON ! GOLDEN TARGETS ON WAYHello trading friends, The best scan of the week is COMPOUND. and even if this happens with dollar-cost avenging. what means if price breakdown there could be new entering for the high targets. I do more times coins study, Compound shows an amazing trend, where it can show unexpected increases. I believe that we are at the start of increase - and this is my personally expecting, do always your study, and manage your risk well, as at last, it's your money. If I scan a coin and that coin increase coming, it means I have done this for myself also, and I will share only info where I expect it has a high chance to happen, into crypto there is noting called 100%, but there is something called also good Data and trends study, and that's what I do. there is also noting in trading that wins always, but as long you win more than lose. # some time the trends can return, but even then a breakout is still possible. some whales waiting for an exact limit order to enter. but does not mean that you should wait as a day trader, if you do cost averaging, then you have long term plan. I hope for you all to make great profits, but same time I hope also for all to have at last a plan with risk management. For those finding this coin interesting after you have done your own study, I wish you the best. TARGETS? The compound can hit coming time above 400 USD + on way to 500 USD, and even 650+ Like and follow if you like the content, thank you Have a great day!
Long
by watchtrend
3
XRPUSD correction structure ideaXRP, along with the rest of the crypto market, may complete an ABC correction structure with a final capitulation extended wave, thus making it a 3 drives pattern. The recovery may then consist of a third wave that wipes out the B wave high of the initial ABC correction, thus confirming the continuation of the bull trend. A smaller Wyckoff accumulation may also take place with the spring being around the 80c level. The 5-wave Elliott count is subjective and will differ, the third wave regaining the B-wave high is what matters. Entering on the break of the C wave low will render a good risk reward ratio, however entering on the break of the pattern is safer and less aggressive.
BITSTAMP:XRPUSDLong
by cardano4google