bitcoin

About XRP spike/recovery +6%

Long
bitcoin Updated   
POLONIEX:XRPBTC   XRP / Bitcoin
XRP default recovery is the 0.382 Fib, so the most conservative strategy is to wait it to go there. After this we can monitor If the very long ABCDE correction is finally done or the wait is just half done. In another idea XRP is aiming for 60 days of correction, trying to mirror the past history. But market is a living thing and may not opt to reproduce history this time. So let's wait the spike and see if it is the start of a new proper run, or just some needed bounce.

Zoom:

Comment:
So far XRP didn't make to the target, maybe I got the timing wrong, so a last try for XRP to reach target. If not It will just resume it's downtrend for almost a month:

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