Let's compare XRP fractals, the likeness is unreal
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.
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
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
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
My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ