Hi guys, I follow XRP closely and I think the big move is coming soon. I do not believe that we will break below 0.24508 anymore and we will reach new ATH in short time (most likely in 2019). This is my view for Ripple, goodluck to you guys! You can view my only other idea about Ripple here:
I called the top on my previous YETI post on a 2.0 extension. Currently watching this count to initiate a wave 3 down. Overlayed EW theory and lines up nice with the IPO share unlocking. Look for one more roll upwards to finish sub-wave 5 of wave 2. Potential for 50% drop on wave 3 alone. Purchasing mid/late May puts otm sometime next week if the wave 5 of 2...
OPTIONS PLAY: LONG PUTS or sell calls. Entry: $108.97-$110.00 Target: $90. Keep an eye on the sub wave 1-2 extension at $110 at 3.0. A blow past the green zone will have to reconsider the count. Puts 2 months out, cant go tits up. This is a close-up of the larger wave 3, see my long term chart for this. The EW count suggests we are at the top here and about to...
I'm showing this chart in this fashion for a few reasons. Let's take a look at the EW count. We have just completed wave 3 of 3 of the largest count. Currently going into wave 4 of 3 and should wrap this up in the next couple days. The EW count suggesting that we still have another leg up is justified by the 4 overlaying indicators here- let's take a look. RSI:...
Does this look like it's ready to breakout yet? 2 clean rejections, and not even near the end of the coil. Go back to 2008.
Looking @ the weekly chart of bitcoin we can see that we hit the trendline (old support) and just above there is the 50 ma. This would take a lot of power to break. But looking @ the daily rsi which is on par with dec 2017 and the evening doji star forming on the weekly i dont see how bitcoin will brake this area now my primairy elliot count: Better be careull....
Its just a probability i like to see in future For the start of counting waves i chose 220 at 1987 after the deepest correction till that time(about 30%)
The recent low of 3122.28 was the end of our major retracement "C" wave from the ATH . We shouldn't see lows below this. If we do, then this changes the major trend for Bitcoin , turning A-B-C into I-II-III of a 5-wave sequence down. A breakout above 5774.72 will confirm bullish strength and the current bullish trend, further validating this wave count.
ADABTC looks great technically. If money comes back into the market some of it will definitely go here. Wavecount complete and clean, nice momentum divergence on the correction, cloud breakthrough and test. Good odds trading it with ichi, one could put a stop under Senkou Span A/B, I wouldn't though.
Dumping my entire $100 leveraged portfolio on this scam. Hoping this thing falls to $0. But a realistic target is probably something like $50. But this is trading, greed is our friend. I think? So lets call this thing a scam and short it to $0. Please Arthur do not fail me.
The touch at $0.81 shows it is not ready for a breakout quite yet. This reaction was at the long time trendline resistance. Short term: it did the same thing. I think it's safe to assume it will go back up to retest it again and hopefully get to the 50. Long-term: Look for a break above $1 after we coil down a bit more.
This is how I see it today, I see ABC correction, where B wave is a triangle. Please comment your ideas and observations, I'd love to hear them. This is no advice, I am a new trader, who is still learning.
Working on the idea of wave 5 diagonal triangle in corn weekly chart
Current most plausible count. Once you see it with elliott waves, you see it.