Using Elliot waves in this chart with some inverse fibonacci retracement
An extensive #longterm outlook on $BTC Fractal I'm copying is the 2018 XRP dump. 1. First, the price will retest 6400 resistance before dumping again. 2. Price will move in a range until the early start of the 2nd half of this year. 3. Trend continuation on the pivot on June 15 pivot. 4. Hit bottom at 1.8k-2.2k on Dec 10, 2020 pivot Target of 1.8k-2.2k New...
Like BTC, XRPUSD looks to have completed the entire correction since ATH. The elliot wave count for this very complex looking correction seems to finalize as a flat with an ending diagonal. This should be the start of a new bull run until 2022.
The recent correction looks complete with an 80% confidence. Next leg up will be to 20k before retesting the breakout above 15k. Next pivot will be on Jan 5, 2020 so we can expect a rally til then.
I definitely do not recommend trading XRP on a long here. I think shorts are more preferred. Expecting a huge bounce towards the end of 2019 or beginning of 2020. Until then, I'm bearish on XRP
Using Elliot wave, I projected this idea to be possible with a chance for 1 BTC to exceed $1M by 2025. However, this is just some uber bullish idea and should be taken with a grain of salt.