XRP Correction - Right On Target for BITFINEX:XRPUSD by carltonzone

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harmonicpatterns chartpattern indicator xrp xrpusd

Short update! Take note how the pump peaked out so closely to the magical BIG green 3.618 fib ring, and dipped back to the trend line before rebounding. I might need to adjust the colors to differentiate the big set from the small micro set that I added for immediate evaluation. I'm expecting this to settle a bit further before taking the next leg up. Point is, we can trust the big fib set from this point on to give us clues to future pivot points . The market went nuts, riding the Bitcoin blast off, but it appears that the majority of alts are going to correct with Big Brother BTC . Video update coming soon!

Carlton Flowers
The CryptoPro

Comments

what do you think,it is time to buy or wait?

markodenni

@markodenni, Well, I'm waiting. Like a dummy, I sold at 0.20 waiting for 0.11 to happen. Well, it never did, as we now know haha. So 0.17 was the lowest it went after I sold out to buy back on that dip and increase my position. I watched it go past 0.20 after thinking we were about to correct again, and have been watching it all the way up to 0.32. I'd be happy just to grab a bag at 0.25. I'd be even happier to jump in if the entire market takes a hit when the stock market crashes again, which is supposed to be happening soon. But I'm definitely not one to predict bottoms. I play it super safe, and when I miss runs, my rule is that I cannot FOMO back in under any circumstances. It was hard not pulling the trigger for the past few days, but I am still holding off. My safe way to play this is to wait. The best time to buy any of these coins would be when they are laying down flat like a dog. But with this apparent bull run starting, we might not get that chance. Stay tuned and I'll let you know with a post when I FOMO back in! ;-)

carltonzone

@carltonzone, Keep this right here: $10-$13 by the end of September-End of Oct the latest. Let the bull break continue...

thedinarian

@thedinarian, Good luck

thedinarian

@thedinarian, Would you care to expound on your price target prediction? I'd love to hear some analysis.

carltonzone

@carltonzone, See your newer chart :)

carltonzone

@carltonzone, very nice advice. It is hard to not pull the trigger and fomo in sometimes.