As the consolidation continues - Ranging Creates amazing opportunities to Short and Long because of the ~5,000 point area that is mapping. Tension is rising in the market, as you will see the Harmonic Waves becoming smaller; still maintaining similar structure. Blue Boxes - 1st Box is Wave #4 which could potentially break-out. 2nd box is a second entry point...
Hey everyone! After a few days of being on mobile, I am back on a computer to create new charts. Updated XRP/BTC Chart. You will notice a new channel being created. The narrowing in the channel suggests the upside over Target 1 to form a rising wedge, with bullish dominance. T2 is in play right now.
We just hit the support level from the first ATH marked in 2015. Expected Upside as we bounce off the major support level.
On the chart, you will see the estimated target area for where the breakout will occur. We are consistently bouncing off the short-term support line and bounced off the mid-term Bullish Divergence . Any questions, please feel free to ask and I will go more in depth.
As the Map shows: Mid-Term trend line touched and bounced. New Target reassessed to 38k.
Target Range 17k - 16.5k has been reached. Bottom of the Triangle, it is time to move in. Risk/Reward ~4.16
Inverse Head and Shoulders Confirmed and so the retrace is on. Buying Area ~16.5k Target Once bought ~34k
The Ascending Triangle is looking to break here. Fix Extensions give us projections for the 3 Drives Upward Target 1: 1923 Target 2: 1970 Target 3: 2050
There are number of Drawings on this update, that should give you an idea of where everything is going. There is both an Ascending Triangle and a Symmetrical Triangle that are formed in the same area. Previous: Inverse Head and Shoulders broke through the neckline, causing a touch to the Bullish Diversion. Wave Retracement Pattern ABCDE are completed so...
When the Ascending Triangle breaks, it's 3 drives upward. Target ~850 - 1000
Inverse Head and Shoulders look like it will fail and begin the next set of 5 waves upward
Hey all! Zooming out on the daily chart. The Massive Cup and Handle being Formed support level is roughly 500-600 range. As stated earlier today on the 15 minute chart for the accumulation range 500-600 satoshis, you will notice that this this will look like STR last week. Possible Scenario & Time Stamps: 1 Day: XRP retraces to the Bullish Divergence Line,...
There are 3 Likely Scenarios to Happen with XRP within the Next 5 Days
Defying the Odds, the last resistance point is the previous intra-day high. Once cleared, we are set to sail to 40k
The Bottom of 500 has likely been reached. The Bear Trend is going flat, and a Head and Shoulders Pattern appeared. 500-600 is accumulation / buying range.
That was a nice run this weekend by BURST. While we are correcting from the massive gain, be prepared for the reversal likely to come tonight. Forecast for Full-Blown Bull Control - 3 days (~5/17/17) Forecast for Reversal - ~5 hours (12am EST: 5/15/17)
Appreciate the bounces, and buy on the dips. Let's see where it takes us in the next 8 hours
I forgot to post this earlier before the cup and handle finished. This is confirming the crystal ball I apparently have. RETTZ GOOOOOOOO!!