Ripple - The price of XRP if Bitcoin drops further (below 9k)

KRAKEN:XRPUSD   Ripple / U.S. Dollar

Bitcoin is expected to be going through a final correction to about 8k$, which if it does, you should expect ripple to fall to the support line indicated.
This line is roughly around where the price was tested and found support before. This idea is only valid if BTC goes through another correction.. If not, then discard this analysis.

Again, this idea is only in case you see the price of bitcoin falling below 9k$, only then you can use this post as a reference.


Here is my previous ripple analysis:

Comment: Here is my most recent BTC analysis:

Comment: I missed up the support area.

Thanks to josephtse for mentioning the mistake

Here is the corrected support area

Comment: almost at the updated target above^. Just mentioned when I first did the analysis I shifted the support line down by mistake and updated the idea again on the same day.
You can find the update above this comment.
Comment: Spot on:
Trade closed: target reached: Remember that I updated the support line on the same day I posted this idea:
Here is the corrected one:

Update? Thks.
DCFreak ysraell1
@ysraell1, still waiting on BTC.

This trade isn't valid until I make it active.
That's the very definition of pump and dump coin. XRP king of p'n'd.
Keawe967 ja.piotr.bor
@ja.piotr.bor, The whole market is p'n'ding
@Keawe967, yep it was a play to suck up more suckers in december especially. Can't wait for bull trap in february to short into it, till 3-4K.
It looks like we are breaking out. 8 minutes till confirmation.

good ta sir
DCFreak ilkayozcelik
@ilkayozcelik, Much appreciated.

Keep an eye on BTC! it controls everything
@DCFreak, yes 9600 is coming at btc in my opinion
What? Um, no. There's strong support at 70 cents. From Dec 15-20, created a solid flat base. That's where it will base if BTC falls to 8000 range. Strong support at 70 cents range. Where's your fibbos? 45 cents is not even a support area. That's in the middle of an impulse.
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