jakedubbz

jakedubbz

Looking at the bigger picture with the help of a fibonacci. See you at $5 soon this year 😎

jakedubbz

Update from the previous post, we broke the downtrend, the wedge posted wasn't a great setup once we started breaking lower. We will see if we reject these retracements above between $1.50 and $1.80 then we can expect a move down. Alternatively, if we push towards $2 a break above would expect a continuation. More to follow soon.

jakedubbz

Consolidating around $1.3 with a wedge pattern, in an uptrend this is usually bullish. Awaiting confirmation of a breakout upwards to confirm this bias.

jakedubbz Updated 

78.6 Tapped, a drop in dominance will coincide with a drop in price. Awaiting the weekly close.

jakedubbz

Been a great week for XRP finally reaching $1 again. Was anticipating one more dip before such a push, though I don't believe it is out the question just yet, over $1.30+ then yeah we gone. For now, a wave 4 correction is possible, should we start seeing moves lower along with bad news to aid this, people buying now will not want to touch XRP again. If / When...

jakedubbz

Triangle forming on the Daily chart, is viewed on the log scale for a cleaner pattern. If we make LL and LH we will easily see $0.25 again, going off the Fibonacci retracements from Mar 2020 Lows to the Nov 2020 Highs. Also lines up with BTCs bearish pattern.

jakedubbz

Typically a rising wedge is bearish, right? This is on the log scale

jakedubbz

Something fishy about this volume on the Bitstamp chart...

jakedubbz

How I expect the next few months to play out for this pair.

jakedubbz

Some nice confluences lining up if we reject $.60 - $0.70. Another dump during SEC uncertainty whilst BTC stays pumping is a perfect way to distract everyone from the huge opportunity we have with XRP. April is a great time for a flip the switch / great reset moment when us in the UK, the worlds financial hub, start a new tax year. After then we may finally see...

jakedubbz

This shows the 2 scenarios I see playing out this month. I think we fill in the wick towards $0.66 either way, but once we see that we could either: 1. Continue higher breaking $0.80 and moving towards $0.95 - $1 If we see a high timeframe candle closes above the wicks at $0.77 - $0.78 2. Once we retrace back to $0.60, we slowdown again enticing more noobs...

jakedubbz

After the last bullish move upwards called using a fibonacci last time, I think we are about to see the next one by this week. Should this 78.6 hold, we should either see XRP rise and take in more $$, or BTC fall and lose dominance.

jakedubbz Updated 

Now hovering at the 50% retracement, not highlighted on the previous charts. Should this wedge breakout upwards, we will easily see $0.50 today / tomorrow.

jakedubbz

This fib has played out almost perfectly, on here and the dominance chart too. if we drop down to the daily timeframe we can see it abiding by the retracements a lot better. Should be an interesting few weeks!

jakedubbz

Just using another fib like last time, should the 78.6 hold over the weekend we should be in for another move upwards.

jakedubbz Updated 

Looking for another entry following my previous bias, expecting 142.500 to come through after this data comes out. If this does not come through we may have a chance to execute below 142.850 should we see a solid close near to the NY open.

jakedubbz

Which way do we think it will go? The weekly fib used to call the move up to $0.75 on Monday is still valid and we are now consolidating on the 61.8. A breakout of this triangle lower could see one more tap of the 78.6 at $0.25. The upside potential is less likely in my opinion but a solid break upwards would take us back to $0.45 - $0.50. I don't think...

jakedubbz Updated 

Expecting 142.5 to be retested, 2nd attempt at this trade.