This is related to a previous idea. With a little more time I was able to draw out a fork that is a little more clear now. Of course no one is expecting new ATH by july which is exactly why it will happen. Everyone is waiting for a drop which means up we go!
Ok, I know I'm reaching for the stars here but this is a fractal and could very well happen given current market conditions. I don't think we should expect things to go as smoothly up to previous ATH as it did up to 1.1k, it was really very different world back then.
XRP broke the support it was building at .4050 after a slight retrace to .38. All was looking like higher highs with some nice trend lines and then it broke down. At this point if xrp cannot hold the bottom trend line of the ascending triangle we will be looking a new lows. Strategy here would be be either to short under .34 or long above $.42 after the ascending...
The last time the dollar starting tanking bitcoin went from 1k to 20k and did not start correcting until the dollar reversed. We will see a similar thing only this time bitcoin will go from 10k to possibly 250k or more based on the S&R levels of the DXY.