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Big_Mike716
Jun 19, 2022 5:38 PM

XRP Long

XRP / TetherUSBinance

Description

Likely hit a generational bottom here. A push to the 3.618% fib extension of the HTF intermediate wave count should end somewhere around $2.30 in feb 2023.
Comments
Miklos77
Wave 4 is never that long, especially if Wave 2 already had a big retracement, and certainly cannot go into wave 1 territory, you might want to double check your EW note brah
Big_Mike716
@Miklos77, I agree but w4 never enters w1 territory in fact it tests the .28c area but W2 bottoms around .17c. Also a very long W4 is the typical type of w4 you would see because W4's are meant to bore and capitulate people, also war is included in Frost & Precher's book for W4 events. Yes I agree this TA requires you to accept what I am saying but I think we should cut the crypto's (especially XRP) some slack because they are still not traditional market trading as of yet.
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