Hope everyone had a good summer!
Looks like the last post played out after we had lost support.
Possibility now to drop to the 0.76-0.85 range (although bottom may be in already).
Rapid moves to come this fall.
Major high trendline will provide resistance, followed by a move towards $2.20.
$4.55 would be a strong target by end of year.
A lot hinges on SEC...
Been a rough time for the past 40ish days.
So, where to?
Possible move up towards $1.00-$1.05.
Possible move downwards towards $0.41-0.44.
Possible move upwards towards $1.46.
Which order will those numbers hit?
Now that's the real question...
Check out the Wyckoff post I did on BTC...
Possible spring still to be hit (I hope not)
Enough of dealing with this obviously manipulated market...
Since it's pretty apparent that the big dogs are just moving the levers behind the scenes, here's the pattern expected to play out.
Expect a very violent move down to shake out even more people.
Then a huge uptick towards the previous Automatic Retrace levels from the original crash.
Then, just to screw...
As long as XRP stays above yesterdays low of 0.79, we may be seeing the beginning of a reversal.
Expect resistance around $1.05-$1.07 and $1.21.
May see $1.40’s by the first week of June!
I was just checking out XRPBULL and it looks like someone(people) has been putting down big bets.
Check out that volume!
I do not recommend leverage, you can get absolutely destroyed.
XRPBULL/BEAR are extremely volatile and you can lose everything.
That being said, interested to see how this plays out.
I just finished studying 9 previous recoveries after a crash of the Alt Coin TOTAL2.
Every Single One had a retest of the 0.236 Fib level.
Most dug into this region by a third and up to a half. One bounced right off that level.
Be aware that we may see a Total Alt Coin Market Cap of between :
$808B and $710B
In the next little bit.
This would dictate a healthy...
Due to the fact that XRP failed to maintain $0.97, coupled with BTC falling below target levels, there is a good chance that we see one last dip into the 0.75-0.88 range.
Potential gap to be filled from 0.70-0.75 as well.
This market is crazy right now…
We moved too quickly downwards.
Now we have prices to catch up to, just like that 0.77 level.
Expect 0.86 soon.
Expect $1.09 region to coincide with BTC around $47,000.... this will probably be the first heavier resistance.
Then expect $1.30-$1.40 to provide another zone of resistance.
After that we should battling against that magical $1.75 region before finally...
I’ve been banging the drum for 0.77 for a while now, while getting flack for not being a permabull. (I’ve attached the previous posts to this one)
Thank goodness I don’t need to expect downside potential to 0.77 anymore!
Huge resistance level here that has held us down for years now will act as a huge support level.
ADA did an 70%...