Crypto-Adviser

XRP-BTC Wave cycle

KRAKEN:XRPXBT   XRP / XBT
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I didn’t want to spend time on analysis, but there are a lot of predictions for short, but I have a different opinion. Perhaps there will be some kind of manipulation in the market, but I think the targets will remain on this waves.

Comment: According to this prediction, I opened a deal on Bitmex, a long trade on entry 7300 with a trading leverage x10. Target 1 - 7850 (50%). Target 2 - 9150 (50%).
Comment: Long forecast was my mistake, big mistake. But I set the stop-loss, as the phase of the market in the manipulations. Now I'm in a new deal long.
Comment: The target of the wave cycle do not change.
WillN12416 Crypto-Adviser
@Crypto-Adviser, I like your analysis, but There is just nothing in the market to hold this price up. Technicals are nothing but lines on a chart without fundamentals. There is nothing fundamentally here that changed.

This was a mini bubble - I expect a full retrace, unless something else in the market changes to support a price climb like this.
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WillN12416 WillN12416
@WillN12416, What would justify that valuation on XRP? other than you can extrapolate a wave or fib to those levels
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Crypto-Adviser WillN12416
@WillN12416, This is a technical analysis, and the market works according to such schemes as shown here.
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WillN12416 Crypto-Adviser
@Crypto-Adviser, I'm afraid the market isn't magic - and it doesn't just autopilot TA schemes. If there is no JUSTIFICATION for a price move, there will be no price move.

Any good technician knows this single fact: fundamentals are why major price action occurs - TA is used for entry, exit, SL, TP. Not a crystal ball to predict major price swings.

Good luck with this trade - however, i highly doubt it will ever come to fruitition.
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Crypto-Adviser WillN12416
@WillN12416, I had heard enough about the last time (last wave of grows) and understood that on the news they either sell or nothing grows later - a false breakdown. And it is better to analyze the situation, looking ahead, which I try to do.

PS: Thank you for your wishes. Sorry for my English.
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so at bottom of 6600 is out of the question CA?
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Crypto-Adviser xtramiledelivery
@xtramiledelivery, Everyone is waiting for this, but it is not necessary. I will buy more if the price falls below.
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