As most people have doubts about the cryptoworld, I must confess if I wasn't already in, I would certainly go very long from here... Very clear pennant formations, a strong support zone we've reached... low volume... only timing is the art... Creating clear patterns with low volume?
This chart reminds of the 'GDXJ', the Junior Goldminers... a very similar downtrend with long stretched pennants... and regular short outbursts... which market has the most potential and ready to boom? GOLD... which one does make sure the gold is digged? the goldminers...
Which coin is most known as gold and the leader in crypto ? Bitcoin... which coin will do the work and make a real use-case of it? Ripple... Believe it or not... sometimes similar causes in different markets have equal outcomes.. only Ripple was a little behind everyone.. and now?
PS: I have tried to calculate the correction as good as I could, there seems to be an ABCDE correction, but not with clear ABC subdivisions, only for the regression waves within the correction. So this still bothers me, as the 12345 waves in the subdivision are very clear... Or it is a WXYXZ correction, which could make things easier, but it just looks a little weird. The overreacting waves in Ripple could have made it not so clear..
This chart reminds of the 'GDXJ', the Junior Goldminers... a very similar downtrend with long stretched pennants... and regular short outbursts... which market has the most potential and ready to boom? GOLD... which one does make sure the gold is digged? the goldminers...
Which coin is most known as gold and the leader in crypto ? Bitcoin... which coin will do the work and make a real use-case of it? Ripple... Believe it or not... sometimes similar causes in different markets have equal outcomes.. only Ripple was a little behind everyone.. and now?
PS: I have tried to calculate the correction as good as I could, there seems to be an ABCDE correction, but not with clear ABC subdivisions, only for the regression waves within the correction. So this still bothers me, as the 12345 waves in the subdivision are very clear... Or it is a WXYXZ correction, which could make things easier, but it just looks a little weird. The overreacting waves in Ripple could have made it not so clear..