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Wave-Trader
Jan 21, 2018 10:48 AM

XRPUSDT Watch bottom for buy and hold for longer term Long

XRP / Tether USDPoloniex

Description

Hi there, XRPUSDT Correcting back to the previous wave. For detailed analysis please watch the video.

How you can buy?

1. Wait and watch for the price to come close to the previous low or 786 and buy after watching price action.

2. If price do not stop at the previous low then let it come close to the 886 or at the lower channel line then look for price action and buy.

What kind of Price Action?

You can see the example in the video for price action.


How you can buy on current Price?

Watch for the flag on lower time frame which i have shown on lower time frame and look for buy after price action.

In case price do not continue then let it come close to the bottom and add more for longer term buy.

Comment

If you are looking to buy at current price. Here is what you need to look for at current price.

A strong breakout and continuation.

Otherwise wait and watch for the price to hit the areas which i have shown in the video for buy.

Comment

Get ready it is coming close to the bottom.

Comment

Nothing has changed.

Comment

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Comments
Crypto_Slinger
this does not look like traditional Elliot Wave Analysis... does anyone know what "style" or theory this is?
Wave-Trader
@Crypto_Slinger, LOL, I think you have seen this first time.
Crypto_Slinger
@Wave-Trader, LOL, this is not the first time I have seen your posts. I never seen you say which wave we are in....1,2,3,4,5,a,b,c, etc. which is why I wasnt sure. I'm new to elliot waves and it seems impossible to figure out with all the possibilities. I was thinking maybe you had a simpler method that I don't know about. Thanks for all of your posts.
Wave-Trader
@Crypto_Slinger, basically its a mixture of different theories like elliot waves classical chart patterns structure and couple of other things.
userbeauty
Is bottom at about 40 cents?
Wave-Trader
@userbeauty, Thats will be ideal place i think get ready for 50 to 70 cent.
harragDZ
Hi, i thing it going down to seek upport at the 0.75 level. here is my chart. what do you think
Trades999
Thanks for your great vids. I see a lot of similarities in our analyses and it looks like we are moving towards higher levels. Thanks mate.

Dinore
Thank you for great analysis! What does the "only buy if we see strong breakout" exactly mean? What is the "strong breakout" in this case? The price just to cross over yellow line? What time the price needs to be above yellow line in order to be considered as "strong breakout"?
ilkayozcelik
do you have any update sir
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