GJMRealEstate

GJMRealEstate

utk has consolidated under resistance and is coiled for a break out all time high is not far off

GJMRealEstate

comparing the position of multiple assets vs xrp we can see that xrp is essentially in the same position as dash historically the price action has been better off for long term holders of xrp vs dash both are ready to deal with the long term resistance/support line

GJMRealEstate

comparing the price action of xrp to nano in many ways xrp is outperforming other protocols as we can see the declines for xrp have been measurably less compared to nano and the recent increase has been much more, but now xrp is back under resistance just as nano (and many other protocols in this space) essentially these two crypto currencies are at the...

GJMRealEstate Updated 

long monthly wick possible - remains to be confirmed harmonic channel tops - setting up for a break out

GJMRealEstate

5 waves up = reversal 3 waves up = continuation of down trend in all likelyhood

GJMRealEstate Updated 

supports tested .175, .225 18 week channel average of high/low is moving up and the price is magnetized to it 30 cents is the next challenge, and possibly the ultimate test

GJMRealEstate Updated 

there is something about .23 for xrp under, over, under, over now after several tests it looks like xrp is ready to find a higher range of course it is basically genetically linked to btc so they are likely going to go somewhere together

GJMRealEstate

the roller coaster ride has started many comparisons can be drawn to the 2017 chart before the final leg up

GJMRealEstate Updated 

vet looks very similar to the bitcoin 2015-2016 playbook will it continue to match the path or will it find a more vigorous, or less vigorous path notice three valleys and a retest of the breakout this is where vet is at the moment what do you think of the resemblances not financial advice

GJMRealEstate Updated 

how many hours before the liquidation starts?

GJMRealEstate

its game day and institutions want to win flushing retail out of the pocket is the play even with all the retail blood in the streets the chart is still on solid ground

GJMRealEstate

what usually happens after one of these sharp red pointy things happens? short squeeze

GJMRealEstate

sure it was a bad news day and a perfect excuse to fleece the herd epic short liquidation coming at some point

GJMRealEstate

the strength of hands is being tested how strong is your hand? generally the IHS gets a test of the neckline is the news just an excuse to do just that? blood in the streets?

GJMRealEstate

they tried and tried but it looks like this is the tap out for the bears at least for this inning .40 monthly support may be the point of final capitulation or just maybe they can eek out a piercing of the .40 level either way the bears are looking out of breath

GJMRealEstate Updated 

expecting price to push higher into the green box consolidating under the descending line in blue support is .40 - .48 the move could take days, weeks, or months whatever frustrates the weak positions the most

GJMRealEstate

sure its just four circles but is the imprint of machine trading and human emotion still responsible for future patterns? as always, time will tell not much time left if the pattern holds true

GJMRealEstate

its a pattern its big its perfect will verge break through that neckline? stay tuned