XRP has broken down from major intermediate harmonic support and we are likely to see significantly lower prices over the next few weeks. The next major level of support is at 0.27, if that fails we could head to the lower supports between 0.18 and 0.09. Most likely we will stop at whatever support we are at around the middle of December, and if the downtrend is over we should see a rapid retracement back to around these prices and higher. This will likely coincide with Bitcoin heading towards 2250, and the majority of the cryptocurrency market seeing significantly lower prices.
I still suspect crypto will recover and head towards ATH after this last wave down, but it is contingent on a quick retracement of wave-(c) to confirm that this count is correct.
Seems like we'll get a retracement back into resistance above 0.4. It looks like this is forming a 5th wave extension terminal impulse which means we should get a blow-off wave going down to about 0.18, and then an extremely fast retracement of the entire terminal impulse before years end.
This move will sufficiently shake the weak hands from the market and transfer coins to the strong hands, and if my count is correct we should be beginning a new bull market after this wave.
Because this is an impulse it should relate to wave-(a) in time. Meaning we should bottom and start climbing to new highs after the 2nd week of December.
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Looks like XRP is going to drop for a little longer than originally forecasted because we didn't actually form a full terminal impulse, just a normal impulse. Also, I didn't realize it before, but when wave-(b) is very long compared to wave-(a), then wave-(c) should take half the time of both put together. And at the rate this is moving we're likely only in wave-1 of an extended first wave extension, so it will take until at least april before we see a retracement of wave-(c).
That also means we could go as low as 0.02 on XRP, and that the upside target will continue to get revised lower to around 14-26.
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Actually, after this retraced more than 61.8% of the last wave down, it's unlikely we're in wave-2 of an impulse. After closer inspection, it makes alot more sense for this to actually be a diametric.
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Because there is strong time similarity between the same direction waves, minus one for each direction, and because of this very strong retracement of wave-g, we are likely now ending this pattern which started 1 year ago and now beginning a new uptrend.
If I hear last wave down or last dip one more time I swear lol
VladimirBashovski
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Hello, like i told you before 2 months and half, that you will give up with the trip to moon based on news, maybe you made some people loose, i tried to prevent that. Now tell them how eth will loose atlest 80% ripple and btc also ripple 0.06 eth 26$ btc 1.226$
Intuit
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@VladimirBashovski, Not sure how you would have lose buying XRP at 0.26 and selling it at 0.41
VladimirBashovski
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@Intuit, How much people lost with your posts in last 4 months? While i was telling them what will happen? Beware.
Intuit
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@VladimirBashovski, If people followed me closely (including in my public chatroom) they would have done what I did and taken a profit on XRP, XLM, and TRX, pretty much broke even BNB on ADA and NANO (any losses were fully offset by gains on other coins), and they would have avoided BTC and every other coin. I can't control what other people do if they decide to only follow me partially.
VladimirBashovski
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@Intuit, Why you don’t admit you were terribly wrong and learn from it, i’m here to help, people insulted before 2 months but now where are they? I’m sure you made more people loose than win with your beutifull straight up line btc 100k, btc will go to 1k not 100 (80% chance) I was there to help, nothing more, not to make you feel bad or anyone else, just learn, and be prepared next time.
Intuit
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@VladimirBashovski, My previous target was wrong but I still called the bottom and made a profit before the market reversed. There's a difference between being wrong and losing money. In trading, one is far more significant than the other.