robbiegrass

Let's compare XRP fractals, the likeness is unreal

POLONIEX:XRPBTC   XRP / Bitcoin
I have been watching XRP for a while, since XRP has been moving in similar cycles.

As shown in the chart, I have seperated the charts in coloured blocks to show the same patterns occur in both cycles.
In the last block we can see the last drop before a new cycle started, this drop is occuring as we speak. Perhaps the final drop before we can start a rally again.

Besides the pattern on the candlesticks we can see more similarities.
For example the MACD during this 'block' first crossed bullish on the daily, and the price went sideways. Then the MACD proceeds to cross bearish on the daily.
When this happens, the RSI also takes a dip into oversold condition on the daily. This will/may act as a spring later on after the drop .

This is purely speculating to find the bottom on BTC and to try and predict a future rally.
Altho both patterns are very similar, take the chart with a grain of salt.
Comment: The timeframe in which both these patterns have occured from the top is similar aswell
Comment: If we measure the time that last drop took and add it to the time we are currently retracing from the top, we should even have the EXACT same timeperiod in which the full retraced happened
Comment:
Comment: Daily RSI on nearly the same level now
Comment: USD price has been squeezing nicely (2 day candlesticks)


If the fractal is honored, run should start within 24 hours
Comment: Let's see if there's some more signs for a reversal on short term:
Price hit fibonacci extension perfectly
Comment:
Comment: Daily RSI touched 13, currently at 14
Comment: 4h MACD wants to cross bullish and very strong 4h bullish divergence
Comment: Went in today at 5500 on a margin, let's see what happens. Looking promissing
Comment:
Comment: still following the exact same pattern as seen above, nearly perfect. Prediction of the bottom was exact to the day.
Order cancelled: fractal failed yesterday
Trade active: Trade might still be active, saw a nice run up yesterday, a few days late but that does not bother me. will have to start growing more from here on tho to see another cycle
On week chart the lines on Stoch will cross soon ;)
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Shywado Shywado
@Shywado, the same thing happened around 3.june 2017, and then around 4.dec 2017
We all saw what happened there. So lets expect a huge bounce in few days... maybe a week or 2
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XRP said something about taking over the India's market. And India is talking about quitting the ban on crypto after this weekend.
And then there is this chart...
Pretty interesting stuff
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@Shywado, oeh, do you have soms links for that? would be interesting
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Shywado robbiegrass
@robbiegrass, I don't have links, but I read that on the tradingview news yesterday or maybe 2-3 day before. Search anything related to xrp and India. U should find more info.
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Shywado robbiegrass
@robbiegrass, we'll have to wait till 11.sept.2018. to see ripple in india... they changed the date :/
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@Shywado, hmm damnet, would have been the perfect timing today
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Wow. The similarity is shocking.
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@fakhan, they are, very curious to see how this plays out
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JefeCaan robbiegrass
@robbiegrass, Makes two of us
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