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1 ) Lots of retails were shocked by my prediction of $1 for the next few days
Remember above all, this is not a trading advice and I am not a trading advisor
This statement is based on strict EW and Fibonacci rules, volume and price action, which I will detail down the road...
Remember above all, this is not a trading advice and I am not a trading advisor
This statement is based on strict EW and Fibonacci rules, volume and price action, which I will detail down the road...
2) Remember that no forecast is guaranty and past event cannot guaranty future event!
For people not willing to check my analysis in details I can tell you that technically speaking and based on the DNA of #XRP there is nothing unusual unless we break below $0.12
For people not willing to check my analysis in details I can tell you that technically speaking and based on the DNA of #XRP there is nothing unusual unless we break below $0.12
3) Everyone is screaming at the news with the SEC lawsuit...
The thing is I cannot careless 100% about news, I simply do not give a fuck about them because the chart tells me everything I need to know. Everything else is noise and bullshit (positive or negative news).
The thing is I cannot careless 100% about news, I simply do not give a fuck about them because the chart tells me everything I need to know. Everything else is noise and bullshit (positive or negative news).
4) Every chart has a DNA - it is like its nature that is represented by price action, volume, retracement etc.
For instance, Gold has a Parabolic price action whereas Silver has more a "Wyckoff" structure
Understanding the DNA will let you know what is normal from what is weird
For instance, Gold has a Parabolic price action whereas Silver has more a "Wyckoff" structure
Understanding the DNA will let you know what is normal from what is weird
5) XRP is NOT parabolic and has more a "Wyckoff" structure with some specificities. One important aspect of XRP is almost ALWAYS re-testing previous highs and retracting between 0.618 and 0.786 range area.
Guess what was my plan for this month?
Guess what was my plan for this month?
6) Guess where we ended?
- We re-tested first high of impulse wave
- We retraced at 0.618 area with volume confirmation
The below picture is still a plan and not validated yet (until we firmly break above $0.80)
- We re-tested first high of impulse wave
- We retraced at 0.618 area with volume confirmation
The below picture is still a plan and not validated yet (until we firmly break above $0.80)
7) But if we believe that wave 1 is wave 1 - there are implications as we should expect wave 3 and 4 and 5 with the below price extension and retracement.
For now, the only confirmation we have for potential wave 2 is the volume as per the picture is describing it.
For now, the only confirmation we have for potential wave 2 is the volume as per the picture is describing it.
8) On a smaller timeframe, we can see a potential (sub) wave 1 with AGAIN a re-test from the high that could be potentially wave 2 with significant volumes...
Wave 3 should reach $0.80 with a re-test from short term ATH, wave 5 at 0.618 from ATH at $3.40 which could lead to $1
Wave 3 should reach $0.80 with a re-test from short term ATH, wave 5 at 0.618 from ATH at $3.40 which could lead to $1
9) Just remember that XRP bounced by nearly 80% and it means there are still strong bulls defending their positions.
If we assume that sub wave 1 is a sub wave 1 and sub wave 2 is over, then wave 3 should be parallel to wave 1... and wave 4 should be in alteration with wave 2.
If we assume that sub wave 1 is a sub wave 1 and sub wave 2 is over, then wave 3 should be parallel to wave 1... and wave 4 should be in alteration with wave 2.
10) Finally, we have to take into account multiples factors which make our analysis not 100% accurate and cannot be guarantied (this is a speculation game).
In other words, price target can have delays and approximation.
In other words, price target can have delays and approximation.
11)
It is not because #XRP could reach $1 that it will moon straight to $8 as per the first picture, we can have lots of crash and lots of sideway movements in between.
Take a deep breath think about your investment.
I hope my posts helped you to let the steam out a little bit
It is not because #XRP could reach $1 that it will moon straight to $8 as per the first picture, we can have lots of crash and lots of sideway movements in between.
Take a deep breath think about your investment.
I hope my posts helped you to let the steam out a little bit
