Allow me to explain the chart a bit. the S-curve (blue) shows the general demand and supply over time. The vertical green dotted lines are the yearly intervals that comprise the cycles of accumulation and distribution. The horizontal Yellow and Red lines are key support and resistance levels in the current price cycle. The broadening wedge displayed in red with shaded area represents the maximum and minimum 'bottom' levels over time. The purple curved line that moves through the red-shaded broadening wedge, is the 'precise' bottom level over time. The red-shaded broadening wedge along with the purple curved bottom levels give insight into what could be a min/max bottom along with the precise bottom over time.
This macro view taken all together shows that XRP is setting up to enter its new cycle 4-year cycle. Now, it is important to note that most 4-year cycles in crypto are biased to the left-sided structure. This means we usually see a series of strong impulse moves setting new all-time highs with in the first year or so of the 4-year cycle, while the remaining 3 years or so are a steady redistribution of lower lows ending in a higher low than previous 4-year cycle. Hopefully, this helps everyone understand where we are on this crazy journey. Hodl on my brothers and sisters, XRP will have its day in the sun and you will not want to miss it.
Let us keep the faith, I am here on behalf of my brothers and sisters to remind us where we are in the cycles of XRP. This idea is an update from a previous post I did where I did my original "Zoomed Out" view of XRP (I have linked that idea/chart in the 'Related Ideas' section below).
As you can see, the price has moved very well to the previous ideas key levels, especially the new confirmation touch on the hard bottom curve we see that has developed over time.
Got my moon boots strapped on right, let's goooooo. 🚀🌝
Thermawar
⋅
If anyone is interested I can update this chart again adding the next S-Curve that would span the next 4-year cycle. The new S-Curve would be a predictive one of the next cycle, so take that for what its worth. Let me know if any of you are interested in that and I will post that chart as well. Thanks for your time.
@RollingHavoc, haha I know right, I always thought history channel was trolling the hell out of us all! By the way, what does GLTA stand for? I should prolly be more upto date on my acronyms.
- contrary to popular opinion there is no new (institutional) money coming into the market.
- xrp ran hard ~9 months after the 2016 halving(march 2017) and ran hard again ~9 months later(Jan 2018) before crashing back down in 2018/2019.
- there are a number of reasons xrp went sideways in 2016 that were different than todays climate but until real new money comes in the market this thing goes sideways. real new money doesn't come in until btc gets back or close to it's ATH.
this is all just my opinion - i'd be happy as a clam to be wrong too. so take it for what it's worth.