I have different XRP scenarios, and this one was my 3rd likely scenario. It may quickly become my Primary scenario depending on what XRP does next. This one is the most bearish and is very possible. Notice I labeled the minor blue B wave as being a Sideways Double Combination (WXY). I had never considered this before, since it has such a slant to it. But,...
The pitchfork for the weekly shows a very interesting possibility for XRP. Is the low in? RSI on the weekly went lower than it has ever been, indicating a bottom. But who knows. Many think the SPX final plunge ending around November could bring all of crypto down further.
XRP seems to be completing a classic 7 wave capitulation structure. I learned of this structure from Blockchain Backer, who seems to have discovered this pattern on his own. It is not Elliott. If true, the bottom for XRP is not in. I post the chart below too.
I found a 7 wave capitulation structure playing out for XRP. This is not Elliott based. It is a pattern discovered by Blockchain Backer (BC). In this chart, there is a double pattern. BC had mentioned that within the seventh wave itself, a complete mini 7 wave structure often forms. Which seems to be occurring for XRP. If so, the bottom is not in for XRP.
I am posting three possible scenarios for the Bitcoin Dominance ( BTC.d ) wave structure forming this entire bull run. Scenario 1 shown above is the most bullish (12345 impulsive wave down) Scenario 2 shown below is bullish (wave B corrective structure) Scenario 3 shown below is the least bullish (ABC Flat corrective wave) - invalidates below 35%. Video: I made a...
I plot BLX (which is BTC) along with JNK/TLT ratio. JNK/TLT ratio is (Junk Bonds ETF) / (20 year bond ETF ) . This ratio can serve as an indicator, to show if the market is loving risk or loving safety on a macro level. Risk on to risk off ratio. You can see that the JNK/TLT ratio correspond with market bull & bear cycles. Notice the JNK/TLT tops form a trend...
This is a 20 minute video showing everything I know about this Bitcoin Dominance (BTC.d) chart. In the beginning, I show basic things about BTC.d for those who do not understand the importance of it to altcoin holders. So if you are experienced, be patient. In the latter half, I go into more technical detail. The three scenarios I go over is that this wave form...
I have followed XRP for quite awhile. I am giving my overview of the macro picture and the current situation with the chart. I use: - Elliott Wave - Channel - Pitchfork - Fibonacci - Vegas Wave (144 & 169 EMA) plus 233 EMA. For those biting their fingernails, watching other coins take off, I think you will like this video. I am very bullish on XRP, as long as...
I'm calling BTC bottom $34900-$35700 . I can be wrong as hell of course. There is an inverse relationship between BTC and USDT.d It will be interesting, to see if the USDT comes back into the market into alt coins for the altcoin pump we've been waiting for. Get ready
BTC about to fall while Bitcoin Dominance rises. Hell of a coincidence that BTC is touching the upper channel while BTC.d is touching the 0.618-0.65 fibonacci range.
Interesting fractal match. Make your own conclusions.
This chart looks very bullish for WAX (WAXP). It is working on and extended Elliott wave 3 for this bull run. Notice how the RSI reacted for the earlier impulse waves. So, I'll be watching for something similar for this wave 3. A double 1-2 basically means an extended wave setup. Google Images for extended Elliott wave to understand. Well a triple 1-2 is an...
First, Bitcoin Dominance is bullilsh for altcoins. Bitcoin Dominance does move in Elliott wave patterns. Which one might not expect, as it is a 0% to 100% chart of market caps. Bitcoin Dominance (BTC.d) is finishing up a wave IV corrective ABCDE triangle pattern. Leading diagonals are not allowed as any of the legs of a triangle. But, I can't figure out a way...
XRP looks to be forming one huge expanding diagonal for the entire bullrun. It is common for the 5th wave of an expanding diagonal to be truncated. I show target prices of $8.8 to $13.8 for this scenario. I would point out, to be valid the 5th wave must be greater than the 3rd wave for a valid expanding diagonal, which occurs at a price of $2.4 Another...
I've long held to the theory, that the 2011-2013 BTC bull run is equivalent to the 2015-2021(22) bull run. So my fibonacci lines are from 2015 low to 2018 high. I suspect BTC is forming an ending diagonal. In addition, I would not be surprised to see BTC do a throwover for the final wave 5 of the ending diagonal to nail the 4.236 fib of years 2015-2022 bull run...
XRP looks like it formed one huge expanding diagonal for this bull run. Next stop, $10-$13. Hang on.
You might be asking, why is VET on this chart? VET is pretty representative of most altcoins concerning its 12345 wave count. So, coins with a short history like DOT, I will plot them with VET, to find the 2, 3, 4 pivot points. Then I can throw a channel on them. Which is what I did with DOT. DOT looks like it could top out around $130, maybe $150. So, the...
I checked the box "Fib levels based on log scale" in my fibonacci tool. Then compared the 2011-2013 to 2013-2021 sections with the fibonacci tool. When stretched out, they are very similar. I discovered that in 2013 and in 2021, just before the dip, both reached 1.618 fibonacci. Additionally, in 2013, BTC topped out in the 1.786 to 1.886 range. Which could be...