XRP - Bull Flag/Pennant for 2022 Breakout #xrpthestandard
Updated
So hopefully everyone made some good gains on the stage 1 pump of XRPBTC.
I expect consolidation over a week or so before the stage 2 pump to 20k+ sats.
Looking at the big picture for XRPBTC you'll see the fractals and historic patterns.
Note in particular:
- 280 bars between cycles
- stage 1 & stage 2 pumps are approximately halving (50% less) than the previous pump stages in the previous cycle
- blue trendlines are the converging bull flag
- yellow is a possible parabola
The halving of stage 1 & stage 2 pumps starts to show a symmetrical triangle or bull flag/pennant forming over years and converging 2021/2022 for a breakout to the upside from there (IMO).
Thoughts are my own and not investing advice.
Good luck! :)
Comment
A quick update and looking at 2 snapshots of XRPBTC - one from this retrace and the other from the previous cycle. There's some uncanny similarities:- similar chart/trading patterns
- relatively the same price levels
- even the days of the month match up!
Freaky... coincidence? Probably :)
Also, note that XRP lead the bull run in late 2017.
Comment
Nov 2017 - Comment
Spet 2018 - Comment
Look familiar?Comment
Updated comparison charts. XRP led the bull run in Nov 2017. Could this be a sign?Comment
Sorry folks - the arrow pointed to the wrong section... I was meant to point it here:
Comment
Comment
It has begun :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.