F*ck THIS HAS TRULY RETRACED. AND A LITTLE MORE TO GO I BELIEVE. BIG PICTURE OF CORRECTION, I BELIEVE THE BEGINNING OF A NEW CYCLE IS NEAR ZOOM IN OF FIRST IMPULSE WAVE?
CORRECTION DOWN TO ~171.00 BY MAY OF THIS YEAR? THIS IS WHAT I SEE EMERGING OVER NEXT SEVERAL MONTHS. UPDATE TO FOLLOW AS MORE IS REVEALED BY MARKET
WXY potential that i see playing out
EW AND PATTERN ANALYSIS RSI ON THE DAILY IS AT 60 THE CHART BELOW ILLUSTRATES THE MAJOR SELLS THAT HAVE OCCURRED WHEN REACHING ~63
INITIAL THOUGHTS: The outlined potential H&S is JUST a potential, still needs a lot more confirmation to suggest this entire pattern playing out. However, due to its meteoric rise, and extended 5th wave nature - this correction will likely be much longer and drawn out then ending now. WE need more action in price in order to confirm or eliminate this potential...
come on GCAN, JOU-CAN DOOOOO IT. to confirm this potential: target 1: ~$0.42 target 2: ~$0.84
WAS WAY TOO OPTIMISTIC BEFORE - ALTHOUGH NONE OF THE TARGETS HAVE CHANGED MUCH. STILL PROJECTING ~$270-310.00 BY END OF JANUARY
SUPPORT AT 135 AND 120...WITH FURTHER SUPPORT AT 101. EXPECT A BOUNCE AT THESE PRICES TO CARRY PRICE UP TO 180 RANGE. WE WILL NEED MORE DATA TO FULLY ACCESS THE PATTERN, BUT IT LOOKS LIKE 5 WAVES DOWN OF "A" IS NEAR COMPLETE. THE B WAVE BOUNCE COULD PUT US THRU TO MIDWAY 2019
www.tradingview.com INVERTED CHART FOR CHANGE IN PERSPECTIVE WHEN CHARTING/ANALYSIS www.tradingview.com FRACTAL ZOOM IN OF THE "A" LEG OF THE ABC OCCURRING IN NOVEMBER 23-26. www.tradingview.com CHART MICRO-WAVES COUNT ZOOM IN DETAIL. WE STILL NEED THE RIGHT SHOULDER TO COMPLETE BY REACHING THE ~$134.00 NECKLINE -EXPECT SOME SERIOUS RESISTANCE...
What I see Target 265 followed by retrace and consolidation Target 2 350 range
DOUBLE PATTERN CONFLUENCE OF EVIDENCE TO INDICATE A VERY BULLISH 2019 START FOR XRP/BTC -BULLISH PENNANT(FLAG) -MASSIVE INVERTED HEAD AND SHOULDERS SHOULD PLAY OUT BEFORE END OF JANUARY WHERE I ALSO BELIEVE A CORRECTIVE WAVE WILL HIT BTC, SENDING IT BACK TO POSSIBLE NEW LOWS. THIS CONVERGENCE OF EVENTS POINTS TO A HIGHLY POSSIBLE BULLISH RUN FOR XRP.
AMZN H&S confirmation, Targeting $970-1043 early 2019
DAILY INTERVAL PERSPECTIVE FROM GENESIS TO PRESENT CAST THOSE BUY LADDERS!
UPDATED TO PREVIOUS HERE IS THE OVERALL VIEW