****NOT FINANCIAL ADVICE****MY OPINIONS ONLY
XRP is days away from its Dance of the Druids.
Strictly in a crypto sense:
A Righ na gile (KIng of Light)
A Rìgh na grèine (King of Sun)
Daily (bottoming), Weekly (turned up) & Monthly (turned up) - all lining up positive.
This is not Financial Advice.
Arthur Britto - “XRP must be scalable to accommodate 7.5 billion people.” This statement can take on many different forms including "all the money blah blah". Thing is, kissing the upper band again could be in the cards.
This is not Financial Advice.
Why not? Is there really going to be fractal love on this scale? It certainly has taken a slightly different shape the past 10 months.
CM_Ult -> positive
Stoch %K Monthly -> turning positive
VX3 -> turning positive
yeah, different parameters show different things. I will stick with this for now.
Upper channel anyone? What? You don't believe in $194 XRP? $13...
Know where you are at. :-)
XRPBTC limbo rock
The lower horizontal is $13 XRP vs $124,000 BTC. The upper horizontal is $13 XRP vs $84,000 BTC.
Every limbo boy and girl
All around the limbo world
Gonna do the limbo rock
All around the limbo clock
This summer love with lawyers, senators, commissioners and judges will pass. See you in September baby.
14.89 to 24 projection
I'll be alone each and every night
While you're away, don't forget to write
Bye-bye, so long, farewell
Bye-bye, so long
See you in September
See you when the summer's through
Here we are (bye, baby, goodbye)
Saying goodbye at the station...
Not financial Advice. Just commentary.
Note the monthly 21 EMA of .00002600. We need a monthly close above this - currently .00002604. Note the 2.618 monthly Fib Extension .00002604. This is the level reached in the March/April 2017 bull run - also level reached in second Dec 2017 run (former BTC high). We need a monthly close above this for a 2.618 extension...
We have all seen the Bearable guy's photo of the ship at sea. The Mayflower set sail from Plymouth in September 1620 - 400 hundred years before September 2020. It was 66 days - roughly 2 miserable months at sea - at the height of storm season. The passengers spent the first winter aboard the Mayflower instead of on land. Out of 102 passengers (in a ship 80 feet...
Self explanatory. Be clear, Tether will get cleaned up and it will not impinge on BTC demand.
June top - 233,333.
This will move in conjunction with an alt coin rally and another alt coin rally after this top.
This will include XRP to 8.88 to begin with.
A Stellium is defined as a group of several planets in a single sign of the zodiac.
The Age of Aquarius will be felt heavily in February 2021, during which a whopping seven celestial bodies (sun, moon, Mercury, Venus, Jupiter, Saturn and the asteroid Pallas) will all be clustered together in the sign of Aquarius. This cluster creates what is known as a stellium...
NOT FINANCIAL ADVICE
I listened to Time Passages by Al Stewart this morning on the way in to drive my Big Rig. It reminded me of high school - yes the 70s and all of the feelings that come with wondering about ones path forward in life. Of course I got all sentimental and thoughts of my trading career in Financial derivatives through the 80s, 90s and the last 20...
I am a big fan of @BCBacker. Nice guy, dog lover, cool wife and real good T&A. His $13 goal for XRP is smart and prudent. He thinks BTC stops in the 80k range and he says jury is still out on wether we have 2 alt seasons as we did in 2017.
I do not think BTC stops at 80ishK. I can argue for a much higher fractal projection. That said, he suggests 2 alt seasons...
Note possible price evolution in the short term. 1, 2, 3 to 1.87- 2.02. 4 wave consolidation then 5. This would be a 1,2,3,4 & 5 of a larger 1 that should get XRP to testing or taking out it's ATH - 3.56. Recall that this ATH was created after BTC reached its ATH of 19,667 in 2017. So reaching the old XRP ATH at this point is not a stretch.
The key from there is...
Many of the people who' have "invested" in XRP are aware of the Shane Ellis Theory (just google it). Who is Shane? I don't know. I do have a cousin named Shane. I can assure you it is not his theory. As someone who has spent 30+ years in the markets (Cattle, FX, Rates & Swaps and Exchange OTC Pricing), I have spent time pondering this theory.
My first reaction...
of a fractal that mimics the move in XRP beginning March 2017. Note move in 2017 occurred shortly after BTC traded back to it's previous ATH at 1163. The current move has started on the backs of BTC achieving its pervious ATH of 19,667 in Dec 2017. Fractals are infinitely complex patterns that are self-similar across different scales. The current move could mimic...