Expanding upon my last graph to help reign in the price movements we're likely to see XRP make in relation to BTC.
The green triangle is our most likely path of growth, with the arrows being my closest approximation for how the waves are going to play out.
The yellow triangle is the price range we'll begin trading in if we break below the green triangle.
The blue triangle is our 'blue sky' break out range.
We're likely to trend sideways into the yellow band before springing at least a few times such as we're now flirting with doing.
So long as volume remains flat in this range, we're likely to see the price spring.
If volume begins setting an obvious down trend, beware the sell off!
Otherwise we're looking for increased volume to send us back towards the upper range of our green triangle.
I can't not look at this trend in every way possible. No matter how I break it down, it's clear as day we're looking at the start of a new paradigm!
The green triangle is our most likely path of growth, with the arrows being my closest approximation for how the waves are going to play out.
The yellow triangle is the price range we'll begin trading in if we break below the green triangle.
The blue triangle is our 'blue sky' break out range.
We're likely to trend sideways into the yellow band before springing at least a few times such as we're now flirting with doing.
So long as volume remains flat in this range, we're likely to see the price spring.
If volume begins setting an obvious down trend, beware the sell off!
Otherwise we're looking for increased volume to send us back towards the upper range of our green triangle.
I can't not look at this trend in every way possible. No matter how I break it down, it's clear as day we're looking at the start of a new paradigm!