XRP - Fib Circles - T1 done? T2 next? Long

XRP / U.S. dollarBitstamp

Description

⋅ Nov 27, 2021 2:59 PM

Sharing something I observed while experimenting with Fib circles on the XRPUSD chart:

2017

T1: 1.886 Fib
T2: 3.618
T3: 5.886 Fib

2021

T1: 1.886 FIb - done
T2: will be get 3.618 Fib top around $9? Let's see!!

Comments

T4W

⋅ Dec 27, 2021 4:33 AM

Super!! that is a very good way of using Fib Circles on spotting the market cycles. Thank you for sharing this idea :)

CryptoGaga01

⋅ Jan 18, 2022 11:09 PM

@T4W, thank you! :-)

Collins72

⋅ Dec 6, 2021 7:37 PM

Do you still see upward movement??

CryptoGaga01

⋅ Dec 24, 2021 6:21 PM

@Collins72, - Absolutely! XRP has a tendency to catch up to the rest of the market towards the end of the cycle, much like what it did in Dec 2017 to Jan 2018 over a 5- weeks period. Wont be surprised if it pulls off something similar in 2022 as well.