Fibonacci, Fractals, and Trendlines show the remaining waves 2, 3, 4, and 5 of the extremely impressive impulse pattern RDD is currently completing!
I find its timing exponentially increases my excitement about it. It looks like wave 2 will take place while other cryptos are taking off to the moon. Selling at the top of wave 3 and then laddering back in during wave 4 can also lead to impressive profit potential.
Wave 2 looks complete and it looks like RDD/USD has started wave 3; directly on point to the exact day as predicted.
In my diagnosis of wave 2 details, the latest spike upwards has gone higher than the top of wave B of 2. Therefore it can't possibly be wave 4 of C of the zig zag in wave 2.
This extreme surge upwards in RDD I expect will be partnered with an impressive BTC/USD impulse. It looks like BTC is breaking upwards today, never hitting the 7500-7800 USD low it was teasing yesterday.
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We can be looking at today's action as a B wave. IF this is the case then we have B wave hitting exactly at the 61.8% retrace of wave A. We have C wave in a 1:1 ratio with A. This gives us a 78% retrace on RDD/USD (0.005 USD) and RDD/BTC (66 satoshi) with BTC at $7500, which is an expected value at the bottom of C wave for BTC/USD.
BTC has been sliding down the resistance line of the downard column it is in. Until it breaks that resistance or until RDD/USD breaks above the top of wave 1 at 0.0116 USD, the majority of evidence is showing RDD is still in a correction with a larger trend ABC pattern, just like Bitcoin.
I am expecting this larger trend correction to be ending in around 05/21.
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The RDD/BTC chart is showing a clear path towards 86 Satoshi which happens to be exactly the 50% retrace of wave 1. It could hit this in as little as 10 hours from now.
I am seeing RDD/BTC in a 3,3,5 flat, and the 5th wave of 5 starting about now. With wave 5 in a 1:1 ratio with wave 1 we have it going down 14 satoshi at the bottom of 5 from the top of 4 at 100 satoshi.
"We can be looking at today's action as a B wave. IF this is the case then we have B wave hitting exactly at the 61.8% retrace of wave A. We have C wave in a 1:1 ratio with A. This gives us a 78% retrace on RDD/USD (0.005 USD) and RDD/BTC (66 satoshi) with BTC at $7500, which is an expected value at the bottom of C wave for BTC/USD.
BTC has been sliding down the resistance line of the downard column it is in. Until it breaks that resistance or until RDD/USD breaks above the top of wave 1 at 0.0116 USD, the majority of evidence is showing RDD is still in a correction with a larger trend ABC pattern, just like Bitcoin.
I am expecting this larger trend correction to be ending in around 05/21." I thought the price action looked strong
asegretto
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@Jardi, b waves often look strong. However b waves have 3 subwaves while impulse waves have 5. I see 3 subwaves. B waves also commonly make the MACD explode. A great example is TRX on 04/05 of this year.
BTC make jump at the .618 near 05/17. If it does expect RDD to not make it down as low as the .786.
The .786 seems a little low but I’m seeing the cleanest cut Elliot wave ratios and numbers at a little below the .786 for BTC, ETH, and RDD. My actual number for RDD is calculated at .0488 USD, just below the .786.
A possible likely scenario is the .786 is only tagged for a split second on a candle wick.
asegretto
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@Jardi, the MACD foreshadowed the strong action on May 14. The B wave satisfies the foreshadowing. In my chart I had guess the strong upward incentive marked in the MACD would be impulse related but it seems not so.
SuperTimon
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regarding the btc activity you still think those waves are possible?
asegretto
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@Jardi, RDD is not as liquid as a major top ten coin and so I think it’s possible but definitely not as probable. In other words since it’s not on as many exchanges it may lag a little behind before it popps out of its correction; which would mean the up action just now would be wave 4 of c not wave 1 of 3. It would have been more likely to hit closer to 62% if btc went down to $7800, which Elliot waves was showing a path towards, but now is not. I have yet to diagnose RDDs Elliot waves in a count showing the bottom already hit but I’m sure this count could be found.
So it may be best to have a rung above the top of wave 4 where he is more evidence of the wave 3 impulse start, and a rung down closer to one of the three values of my previous post.
asegretto
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I was just rereading a txt I sent a friend a couple weeks ago and had predicted the major coins would pop out if correction on May 12 9:00 UTC, and had also at that time predicted with him may 14 on RDD.
To predict a specific day is crazy, let alone an hour, because time is not predictable. That said, I’m feeling on fire. I mention all of this to keep in perspective of the possibility that RDD takes a couple more days as that was the premeditated scenario all along.
SuperTimon
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@asegretto, your analysis is rly on point though , monday is gonna be exciting on the road to 0.055?
asegretto
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@Jardi, there’s a lot of evidence for .055. It hits the trend line perfectly and lines up with fractal expectations perfectly given common Elliot waves Fibonacci sequences. Coincidently an RDD previous point on the trend line was one day off from exactly one year.
asegretto
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@Jardi, check out an alternate count where we see RDD/USD continue correction until May 21 and hitting .0064 USD at that time. Details in wave 3 details post.
asegretto
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Check out a follow up post. Use it to guide your own due diligence before buying into RDD.
BTC has been sliding down the resistance line of the downard column it is in. Until it breaks that resistance or until RDD/USD breaks above the top of wave 1 at 0.0116 USD, the majority of evidence is showing RDD is still in a correction with a larger trend ABC pattern, just like Bitcoin.
I am expecting this larger trend correction to be ending in around 05/21." I thought the price action looked strong