Last week, we posted a number of charts showing how XRP was behaving within fibonacci channels (that we created to complement the fibonacci retracement levels).
We said we were looking for a dip to $0.86-$0.91 and we would back up the truck.
It dipped to that exact range, hitting $0.87ish. We backed up the truck. We brought in a second truck and backed that one up as well. Did you? Could it go lower? The chart suggests possibly. But we are not looking to be greedy here. We do not think it is worth the risk to wait for the very bottom (which might never come) at like $0.80. That is greed. If it does drop that low, it will be for a very very brief period of time and we might not even be able to get in. Not worth it for us. We would rather be in at $0.90 than out at this point.
Today's post is that chart, on the 4 hour bar timeframe. We also included the XRP fractal from the May 17, 2017 high, through to the end of the last bull run January 4, 2018. Understand that no two fractals will ever be completely exact. But these two charts are disturbingly similar. They're off by days, but the moves are exactly the same. Perhaps in another post I will show this more clearly. I think you can see it, though.
I am not a moon boy who cries lambo, but this is it folks. I repeat: THIS. IS. IT. We are quite literally in the home stretch. The fractal overlay shows that the pattern behaves pretty similar timewise (within days), but the MOVES are identical. So what moves do we have left? Maybe a swing back to the upside, one brief lower curling consolidation, and up up and away. According to this chart, the liftoff begins on or around November 17, 2021, +/- a week or so. You have roughly two months to be in, or you will miss out. Our methods with respect to the fibonacci retracement levels, fibonacci channels, and fractal overlay have PERFECTLY captured EXACTLY what would occur thus far. We do not have a crystal ball but we hope the results speak for themselves, and we have no data or evidence to suggest otherwise.
Are you ready????
We said we were looking for a dip to $0.86-$0.91 and we would back up the truck.
It dipped to that exact range, hitting $0.87ish. We backed up the truck. We brought in a second truck and backed that one up as well. Did you? Could it go lower? The chart suggests possibly. But we are not looking to be greedy here. We do not think it is worth the risk to wait for the very bottom (which might never come) at like $0.80. That is greed. If it does drop that low, it will be for a very very brief period of time and we might not even be able to get in. Not worth it for us. We would rather be in at $0.90 than out at this point.
Today's post is that chart, on the 4 hour bar timeframe. We also included the XRP fractal from the May 17, 2017 high, through to the end of the last bull run January 4, 2018. Understand that no two fractals will ever be completely exact. But these two charts are disturbingly similar. They're off by days, but the moves are exactly the same. Perhaps in another post I will show this more clearly. I think you can see it, though.
I am not a moon boy who cries lambo, but this is it folks. I repeat: THIS. IS. IT. We are quite literally in the home stretch. The fractal overlay shows that the pattern behaves pretty similar timewise (within days), but the MOVES are identical. So what moves do we have left? Maybe a swing back to the upside, one brief lower curling consolidation, and up up and away. According to this chart, the liftoff begins on or around November 17, 2021, +/- a week or so. You have roughly two months to be in, or you will miss out. Our methods with respect to the fibonacci retracement levels, fibonacci channels, and fractal overlay have PERFECTLY captured EXACTLY what would occur thus far. We do not have a crystal ball but we hope the results speak for themselves, and we have no data or evidence to suggest otherwise.
Are you ready????
