Hello traders, before you make any comments I suggest you check my previous posts on XRP and I've even made it easier by attaching them to this post. Checking my previous post on XRP will help you see the consistency on my predictions on XRP and it will also show you a bigger picture of what I am looking for.
This an analysis on a much lower time frame and it's a carbon copy of what XRP has done on a higher time frame where we have a huge impulse leg down which was followed by a bearish corrective pattern and right now we are in the process on going up to test the upper trendline of the bearish corrective structure thanks to a short term buy set up that is developing.
Could this also be the catalyst for the big drop that I predicted in my last post? Time will tell.
And as always, any opposing comments, views, arguments or feedbacks are welcomed!
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My Last post on XRP predicting the turning point at the 50.% Fibonacci retracement level
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Another post before that, showing the corrective structure and the prediction to the 50.0% Fibonacci retracement level
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This was a while back predicting the huge drop and everyone thought i was on drugs
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The very big picture which hows my long term view on ripple is bullish but the current price action says we are going short
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This was a short term trade on a lower time frame which shows my contraction and expansion strategy which i day trade with my traders
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This was a classic head and shoulder pattern which does work sometimes
This is how I am looking at XRP/USD at the moment, also looking at a similar buy set-up:
Joseph_Yabwa
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@Trading-Guru, Very detailed analysis, I like it! I do think we are in a critical zone right now and i can see why you are looking for a buy opportunity. I still think we will go down based on the current price action but time will tell
Joseph_Yabwa
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@Trading-Guru, Thank you for sharing your work though
petitebud
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great job, thank you very much.
do you have any update on this?
Joseph_Yabwa
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@petitebud, Not yet, if you are in the sell just hold it. When something changes i will post an update
cryptocliche
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Looking at your past ideas, are you still under the impression XRP will drop near .12 again or lower? I've been looking for the right entry point and keep getting more concerned I've missed it.
Joseph_Yabwa
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@cryptocliche, Right now I'll say yes becuase the current market structure suggests we will drop again before we eventually begin the bullish cycle but price action can chage sometimes so just keep your eye on my future updates. For now, it's better to stand aside and watch if you are a bull becuase bears will try taking control soon.