TheHumbleWatcher
Long

XRP - Strong Buy - Ripple - update

BITFINEX:XRPUSD   XRP / U.S. Dollar
BITFINEX:XRPUSD Accumulate. Cycle Wave 3 is beginning.

Learn here: https://www.ripple.com/xrp/

Stats:

XRP Price $0.281420 USD
XRP ROI 4,691.07%
Market Rank #3
Market Cap $12,147,991,414 USD
24 Hour Volume $1,567,699,568 USD
Circulating Supply 43,166,787,298 XRP
Total Supply 99,991,330,383 XRP
Max Supply 100,000,000,000 XRP
All Time High $3.84 USD
(Jan 04, 2018)
All Time Low $0.002802 USD
(Jul 07, 2014)
52 Week High / Low $0.560547 USD /
$0.227052 USD
90 Day High / Low $0.349789 USD /
$0.227052 USD
30 Day High / Low $0.322034 USD /
$0.227052 USD
7 Day High / Low $0.283725 USD /
$0.244366 USD
24 Hour High / Low $0.283725 USD /
$0.274915 USD
Yesterday's High / Low $0.283569 USD /
$0.271744 USD
Yesterday's Open / Close $0.275829 USD /
$0.278459 USD
Yesterday's Change $0.002630 USD (0.95%)
Yesterday's Volume $1,518,125,769 USD

https://coinmarketcap.com/currencies/rip...

Today's global payments infrastructure has more in common with the outdated postal system than this generation’s internet. Recognizing this friction in payments, our founders established Ripple with the idea of using blockchain technology and digital assets to enable financial institutions to send money across borders, instantly, reliably and for fractions of a penny.

This unification of the underlying infrastructure that ties institutions and providers together not only helps our customers grow their business but also it helps enable the world to move money like information moves today—a concept we refer to as the Internet of Value.

Utility:

The best digital asset built for payments

While all the financial institutions on our network enjoy faster, lower-cost global payments, those who use the digital asset XRP to source liquidity can do so in seconds. XRP is quicker, less costly and more scalable than any other digital asset.

Weekly Chart: Cycle Wave 1 & 2



Wave Count:


See related idea for further analysis.

Will update

-AB

Comment: Wave Count:

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Comment: Reminder:
Comment: Once you are in the position, there are three things you MUST do.

First, you should place your stop loss order below the bottom of wave 1.

Second, you should cease looking at the price every few minutes to see whether the third wave has started! Frequently, this anticipation and waiting makes one nervous, and many traders exit the position solely because they are anxious.

The third thing you should do is to refuse to take profits until your profit objective is met. Of the three impulses within a five wave up move, Elliott says it is usual for at least one to be an extended.

An extended wave is a move that travels a distance farther than what is normal. We will deal with extensions later on. But be aware that the most common place for an extension to happen is during the third wave. This is one of the reasons why I urge you to refrain from taking profits during a third wave.

Rule: The Third Wave CANNOT be the Shortest wave.

If wave three (now we are talking of the bigger wave 3) travels beyond the equality measure of wave 1, then the next likely target will be 123.6% of wave 1, or 161.8% of wave 1. So long as wave 3 does not go farther than 161.8% of wave 1, then we will assume that this was a ‘normal’ third wave.
Comment:
Comment: Add Fib Time Markers

Fib Time Markers are specific points in time when something changes (News, Fundamentals, Etc.)

Visit: FibMarketWatch.com (Trades,Options,Crypto Analysis)
IG: @FibonacciMarketWatch🍾,

The Humble Watcher,
-AB

*Always for Educational Purposes, thoughts and analysis are NOT recommendations. Please consult a financial advisor before investing.*
We are in the same plane!
Reply
Indeed interesting, but like the others I can't see what your target really is.
+1 Reply
Target price for cycle 3?
+1 Reply
target for 3?
+1 Reply
very interesting
+1 Reply
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