This time, it is BTC against XRP on the weekly chart! I start my analysis in 2013 and I do not use Fibonacci but Pythagoras - If BTCXRP goes down, then XRP goes up!
We can see that every time XRPBTC reaches 0.707, it goes to 2.236 and goes down right after - then, XRP bullrun
How did I found 2.236?
It is the hypotenuse of a diagonal with a right triangle
Then,
0.707 is the reciprocal of 2.236
0.447 is the reciprocal of 1.414
I can assume that when the first wave reaches 0.707, the second wave will reach 2.236
However, when the first wave reaches 0.447, the second wave would reach 1.414
On top of that, BTCXRP has formed a symmetrical triangle where it has more and more difficulties to break above the EM55 and the long term resistance since the beginning of 2017 -
Can BTCXRP break EMA55 + Resistance? If yes - XRP will collapse, if no BTC will collapse.
Based on my previous analysis of XRPBTC and the symmetrical triangle and following the reduction of steam to break resistance and EMA55, I think XRP will win :-)
Ma maîtrise est sans faille et mon skill sans égal
We can see that every time XRPBTC reaches 0.707, it goes to 2.236 and goes down right after - then, XRP bullrun
How did I found 2.236?
It is the hypotenuse of a diagonal with a right triangle
Then,
0.707 is the reciprocal of 2.236
0.447 is the reciprocal of 1.414
I can assume that when the first wave reaches 0.707, the second wave will reach 2.236
However, when the first wave reaches 0.447, the second wave would reach 1.414
On top of that, BTCXRP has formed a symmetrical triangle where it has more and more difficulties to break above the EM55 and the long term resistance since the beginning of 2017 -
Can BTCXRP break EMA55 + Resistance? If yes - XRP will collapse, if no BTC will collapse.
Based on my previous analysis of XRPBTC and the symmetrical triangle and following the reduction of steam to break resistance and EMA55, I think XRP will win :-)
Ma maîtrise est sans faille et mon skill sans égal
