


davidred
Short term idea based off Fibonacci Levels and key resistance levels. The first being 03 Jun resistance forming our falling wedge in what to marry up with the resurrection of baby bull Jesus (see my other charts for details) - expecting a rejection down for the final leg, before commencing with BBJ. @davemcilwraith1 (twitter)
Long term idea/my count for XRP - watch for a possible truncated 5th wave (if BTC wets the bed) as well as the 4th wave crossing the 1st wave, both would invalidate the count. A breakdown at current levels would invalidate the count.
Long term idea. Twitter - @davemcilwraith1
White Text = Wave 4 of A wave is still not complete and we have a wave down 2934 before we bounce to 5k for our B wave, then down to our C wave at either 2283 or 1529 (where it is said the resurrection of Baby Bull Jesus will happen)
Possible short term - long term play (depending on either the bullish or bearish count) for any GVT enthused people, excellent risk to reward play regardless of the bullish or bearish count, strong volume + solid bounce, key levels to watch 0.68 fibinacchi (either descending triangle or rising wedge). If your going to play this don't forget your stop loss.
This is a long term idea, which is strictly dependant on a reversal (with volume and more then likely with the resurrection of baby bull Jesus- see my other BTC chart for details) at current levels ($80- 57).
Potential rising wedge for XLM, looking for a bounce on the current position, a break down here would invalid the posted trend.
Green Text = starting B wave at the 5k mark, correcting down to 2934 White Text = Wave 4 of A wave is still not complete and we have a wave down 2934 before we bounce to 5k for our B wave, then down to our C wave at either 2283 or 1529 (where it is said the resurrection of Baby Bull Jesus will happen)
Long term bullish count for XRP. This count is based off Basic Fibonacci Algorithms targets. The current count is dependant on holding the 0.618 level followed by a strong bounce this will signal the third wave has commenced.
Long term chart idea, obviously bullish count. The reason? the fibonacci levels were precise, the algorithms targets have been met for wave 2, confirmation of the 3rd wave have started for the next algorithms targets.
Counting five waves down and combined with a double bottom on the 4 hour RSI (possibly going into a triple bottom) we got the bounce we were after however it is yet to be complete and in my opinion the bears are a little too confident. Using basic Fibonacci algorithm targets (trends I've seen over the past year) their target should be 5128USD.