For the BCBacker fans out there, you've undoubtedly seen his fractal overlay of Bitcoin super cycle and how we've hit the same significant levels all the way down to the $3000 range and all the way up to 69k. I have never seen him use this same logic with XRP, but, as you can see, it is a very similar comparison. XRP is "one cycle behind" since it was created...
XRP has just completed a candle close above the 200 day MA and 200 week moving average at the exact moment they crossed. The Blue MA is the 200 Day The Black MA is the 200 Week on top of the daily chart I think we're going to establish a support on top of the MA and then possibly more upside with a good news catalyst.
XRP followed a fractal from a March '20 "capitulative" move until November '20 which was the first step to XRP's breakout move vs USD. That fractal lasted 245 days. Currently, on the XRP/ETH price chart we see a strikingly similar fractal playing out from a "capitulative" move at the beginning of December '21 until mid September '22 which was XRP's breakout move...
If you overlay the fractal from Bitcoin's own chart from mid-2013 to the end of the 2017 bull market, you get a very similar looking structure. The vertical lines are depicting the peak RSI at the top of the 2017 bull run and in the 2021 bull run. Although we did not reach up to 98k, which is where the previous fractal would have taken us, I take this point as...
Standard Wycoff distribution crashing structure, we will likely set a low below $3.24 set back at wave 5. Then we can expect some grinding after an initial push up around the 200 MA (15 min chart) Wycoff accumulation at this level. I think we'll see a new ATH in the future, be it another month or, perhaps, longer. NFA
An update to my previous idea from December 13. I didn't quite get the bottom right, but I think it fits the script even better now. Likely to retest the $3.50 support and, if it doesn't set a new low, I think it's off to the races. NFA
If we take a look at the Wycoff distribution on the daily timeframe for BTC it looks remarkable similar to the pattern on the 4h chart for WILD. The bottoming structure for WILD looks about wrapped up and ready for a 100% move past the ATH, in my opinion. NFA
The lower trendline has acted as a major support and also resistance since December 2019. It took us 399 days to get from the COVID-19 low to $1.96 which is the same measured move as we had from April to May 2017 or 42 days. Now it seems like we're following a similar triangle pattern that comes to a point mid July 2022. We could definitely see a breakout to the...
Here I took the past fractal, from May 2017 to January 2018, and laid it over the current pattern, starting at the beginning of April 2021. I'm not saying it's going to $30 but this pattern has been coiling up and getting extremely boring while other areas in the market are booming. When patience runs out and other things are exciting people will be letting go of...