Welcome Back!
With volume heading back into the crypto markets I wanted to take some time to talk about one of the most loved as well as one of the most hated cryptos on the market.
XRP THE STANDARD! Jk...
I have been noticing a very key pattern that has played out once before in Ripples cycles and its a pattern I believe will react similarly to the one in 2017.
Something to remember is no two cycles will ever behave exactly the same, but patterns are universal which is why we need to pay attention to what worked previously throughout history...
With the cycle in 2019 we are seeing what I view as obvious accumulation at the terminal end of a 90% correction from ATH.
With retraces like this it's not likely that we go much lower, especially when you factor in the fact were still up trending from the last cycle.
As much as some hate XRP, it's not likely that it's going anywhere anytime soon.
With new Volume coming in I would expect us to see some strong bullish movement coming over the next couple months.
In this post I will explain the similarities of the cycle in 2017 compared to the one were currently accumulating in now.
With this accumulation thats taking place I expect XRP to be a big mover in the next cycle. There is a reason it's number 3 in MC after all..
I have labeled a couple targets for this chart as I see us coming to a point of impulse very soon. Make sure to take those profits!
With volume heading back into the crypto markets I wanted to take some time to talk about one of the most loved as well as one of the most hated cryptos on the market.
XRP THE STANDARD! Jk...
I have been noticing a very key pattern that has played out once before in Ripples cycles and its a pattern I believe will react similarly to the one in 2017.
Something to remember is no two cycles will ever behave exactly the same, but patterns are universal which is why we need to pay attention to what worked previously throughout history...
With the cycle in 2019 we are seeing what I view as obvious accumulation at the terminal end of a 90% correction from ATH.
With retraces like this it's not likely that we go much lower, especially when you factor in the fact were still up trending from the last cycle.
As much as some hate XRP, it's not likely that it's going anywhere anytime soon.
With new Volume coming in I would expect us to see some strong bullish movement coming over the next couple months.
In this post I will explain the similarities of the cycle in 2017 compared to the one were currently accumulating in now.
With this accumulation thats taking place I expect XRP to be a big mover in the next cycle. There is a reason it's number 3 in MC after all..
I have labeled a couple targets for this chart as I see us coming to a point of impulse very soon. Make sure to take those profits!
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Comment:
With the cycle in 2017 it's important to understand something. This cycle accumulated at a much quicker rate which is why there is a difference between the one in 2019. With 2019 we are having a period of rounding which we didnt see in 2017's cycle however, the same fractal is clear.
Comment:
Prices pierced our major trend line but have bounced back inside. We need prices to maintain trend otherwise this is going to look very bad for XRP
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Comment:
Anddddd...Just like that we broke out of the descending triangle. This baby is going to fly!