Descending channel inside the bigger ascending channel has come to its end, this new week July 19-23 will resume uptrend. Cheers
Could it be that XRP/BTC will touch again the 2 uptrend lines ? outer trend line is touched on the first explosive move while the inner uptrend is touched on the second move right afterwards. On the 2nd movement of 2017-2018 it reached the 2.618 extension of the first triangle, so xrp/btc "could" have a target based of the extension of the 2nd triangle...
Just an idea of previous cycle to current, many many coincidences, tho major differences would be an extended #4 on the latest cycle and the elongated #8, but all in all the movements are about the same. DYOR. This can get interesting REALLY SOON!
Weekly candles showing a big range from top to bottom, shake outs, dip buying, sellers on the slight price increase, etc ... everything being made in the same blue line resistance. Hope you guys have your bags ready because this will be an insane ride to the upside. I keep my previous price targets to the upside still valid. Cheers
Be warned, be prepared, gaps will get filled sooner or later.
If this is the case, XRP could go sideways in the 30 cent range OR in the 27 cent range too for a couple of days before going back up, the measured target of the "Adam" drop would take XRP back to 58 cents *** .618 FIB retracement of the recent top/bottom ;) *** XRP NEEDS to close the year above 30.5 cents to start the January candle above that level for the...
As of right now 24/December/2020, XRP has made a massive red candle on the monthly time frame, but it came back down and wicked back up a bit, touched the ultimate support it has and that signaled the first out of 2 bull runs of 2017 and it ALSO marked the lowest point of the march 2020 capitulation of $0.1 I'd like or wish it could still go back up above $0.3...
Alt market cap is doing the exact same moves as in its previous bull run, keep an eye on this ! RSI moves are about the same, first time it entered oversold territory marked the confirmation of the bull run, both times reached 80 on RSI just to retrace after that, doing a small bounce type movement (yellow circles) and with the golden cross on this WEEKLY...
So this is the reason why XRP took a little break before continuing its parabolic move up, it touched the upper resistance of the descending channel, as easy as that. Once it clears its way ... buckle up ! I do not want to speak of price targets, so I'll just place a simple fractal and believe in it if you want to. :) GL and gratz on everyone who hoarded...
Hello fellow XRP Hopiumers I got some more material for our moon mission xD Using a pitchfork, taking the price action from Jan 17 to Jan 18 and the length of previous bear market which was 150 weeks or 1050 days I came to this messy chart. As of today, 5th October 2020, XRP has done 144 weeks of beark market, so if XRP repeats everything it still has 6~...
Another similarity in the XRP/BTC could be developing now, a break down in the triangle could mirror what happened in 2017 before the massive pump & dumps, though in the graph it doesnt seem to be a big drop its actually a 50% drop in XRP satoshi value and taking a 50% drop in value of current price would take XRP/BTC to the lowest point in the drop of Dec...
Chart self explanatory, XRP has made a 10x in price from ATH to ATH twice, could it make it a 3rd time? Next wave could take XRP between 8.5 - 5.3, pull back to $3.25 region and then a final stretch up?
Recently I've seen charts with some FIB circles tangles, clutter and what not. Adding one FIB circle to my previous idea I posted, came out with this result, though points are more precise on the daily, but for entertainment purposes and the moving averages, I'm posting the weekly. The 50w MA had a similar role in 2014 like the 200w MA this time in 2019 and...
Similar behaviors can be found on previous bear cycle and this one, price action droped drastically to the median, a small bounce and retraced back, grinded the median and then a break out to the upper side, this while NVT started to flash red on 2014 as well. On the RSI , the orange line drawn from the top of each bull cycle with an aproximate date that'd check...
Almost no one is looking at BTC as a major cycle, the 2017 top was more extended than 2013 top, so BTC has just made it back to the median in December 2018, with possible room to go down below the median like it did previously. Similar behaviors can be found on previous bear cycle and this one, price action droped drastically to the median, a small bounce and...