I had previously drawn scenarios where BTC would take the "normal" route that we all know, where we'd see the All time high, sometime after the bitcoin halving.
But because this time BTC is half a year faster in the cycle than back in 2015/16, we would see the ATH already by late 2020, or early 2021.
However, as I posted previously, if BTC decides to do the gold...
Since 10 months XRP is in a consolidation area between 25 and 60 Cents and it looks like the same situation it had around December 2016 (not 2017!) but with a considerably lower volume.
According to my Elliott counting it is still in final subwave C of wave (4) and the market is deciding where C should end.
Therefore it has formed a descending triangle which...
Don't get carried away by the recent price action. XRP is simply copying the pattern of the 2015/ 2016 cycle. Based on that we less than 5 months away from the next mega bullish break out that has first target the previous All Time High.
Keep it simple. It is a cyclical process.
Xrp is probably going to shake out hodlers, expecting a possible false breakout of the pink smma, followed by a fast reversal to hit around .50$ area, a correction, and another impulse to the .90$ area (timeframe is not accurate).
Would also coincide with the Monthly Smma.
Scenario possibly to happen even if Btc...
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
The Daily timeframe chart of the NASDAQ ETF (QQQ) is presented on a Daily timeframe with price action coverage from December 2018 to Friday market close last week (August 02, 2019).
The overlapping price pattern from June 17, 2019 to June 30 is interpreted as a rising wedge pattern in the QQQ. A break below the rising wedge on July 31 implied confirmation and...
Conclusion for today’s Zcash Analysis: Price closing above ~69.26 implies resumption of a bullish price swing in Zcash.
Zcash analysis for today is presented using a 6 hour timeframe (log scale) bar chart. Over 5 months of price data is shown on the chart from February 2019 to current date.
The bullish move in Zcash from the February 06, 2019 low reached a price...
XRP / USD TA
This is a very interesting TA if you take few minutes to actually analyze it and determine some very similar movements/fractals from last time we were riding on trend line to today. As of today we are sitting on a 790+ Day Support in a form of a Trend Line. Last time we had similar trend line, it took just around 944 days before we saw an immense...
Well here is a different picture on Ripple.
I am a longterm ripple bull, and believe we'll see quite insane XRP prices in USD in late 2020 and early 2021.
As high as 30 USD, probably higher.
But in relation to BTC,
I think XRP will first continue to decline.
Therefore the USD price will not pump much before 2020.
I don't see XRP going much above 1 USD in 2019. I...
The Ripple price has made a breakout and it got confirmed after a Daily candle close inside the green area:
1. Break above the light blue trendline since April 2018
2. Break above the triangle - which is also a short-term counter trendline.
3. Break above the previously worked resistance level - orange price zone.
4. Plus, we have a Golden Cross between 100 & 200...
Contrary to some uber ripple shills, I personally don't really like ripple. It's centralized, and stands for everything which I basically don't like.
However, I can't deny the brutal pumping potential behind this coin. In the past, it always was one of the best performing coins.
However, I am pretty convinved that it will NOT pump in 2019.
2019 is accumulation...