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meszaros
Nov 23, 2019 1:48 PM

XRPUSD before rising 70%... Long

XRP / DollarBitfinex

Description

I expect fractal repetition in the exchange rate. It is characterized by a 1: 1 repetition of the starting fractal. This is suggested by the indication that the moving average curves close at the same ATR distances. In short, the motion environment is similar to that of the previous fractal. If the analysis is correct, the target price rise for the exchange rate is 0.39606 usd.
Comments
Nick_Chanas
Are you still confident of this setup?
meszaros
@Nick_Chanas, Thanks for your interest. I still see the analysis as valid, so I haven't changed it. In case the parameters change, I will update it.
Nick_Chanas
@meszaros, Thank you Sir.
Slippery09
Love your work @meszaros, really hope this one works out, I'm deeeep underwater at the moment!
meszaros
@kryptochristo, Thank you very much. Will succeed. Good luck.👍
Captain_Walker
Excellent. I'm delighted you've explored XRP - one of the Alts. You've brilliantly spotted the fractal probability. It's a beauty!

In general the so-called Alts have been neglected by many who have been focusing on Bitcoin. In reality the Alts are where there is biggest chance of significant gains. They are generally 'dirt cheap', certainly relative to BTC and other hefty cryptos. At this time there is 'blood in the streets' in the Alt-markets, which means it's about the best time to go long.
meszaros
@Captain_Walker, Thank you very much for the recognition. An English trader colleague drew my attention to this instrument. What many see in the long direction is likely to come true. We'll see.
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