I have advocated this channel for a long time now. As you can see, price has recently dropped to back test the upper channel line. If it doesn’t hold as support, then I estimate that XRP price will pursue a new low at 23.7 cents! Regards!
Nowwww!...wouldn't that surprise everyone to see Bitcoin hit the extreme target? Well, almost everyone. The short squeeze of a lifetime! Remember, if it happens you saw it here first...and if it doesn't, well forget I mentioned anything! Cheers!
It's time to have a peak under the kimono and see if this Emporer is wearing anything! The time is right! The 75MA is in perfect position to cross over the 150MA, and now we need XRP price to follow through! I've been yelling it from all sorts of roof tops, sounding the bell and letting as many people know that XRP has been ripe for the taking! My hope and...
Lower trend line in jepardy! Will it hold? We'll see. If it does, it could produce a nice bounce! Good Luck!
Pretty clean count! If so, Wave 3 won't disappoint!
So far, no real significant drop, and even if it drops a bit, it has plenty of room before concern. If it holds the high base formation and breaks over the previous high, price will seek the higher targets. Good Luck!
This update is a modified version of my original chart, and while I still find value in the original chart, this one has a modified elliot wave count with a few extra technical indicators to help support the overall idea. This version has one more low coming to 2700 range, but not as low as the original chart at 2000. The 2700 range can be viewed on my BLX chart,...
Price remains in a rather confined range! It's hard to deny the similarities. If price continues to fractal in the same manner, it creates a great investing opportunity, since the break out wouldn't occur until 2020. Enjoy!
Thought these are worth mentioning. Should get interesting tomorrow(?)!
Elliot wave count to fill in the center portion of the chart from my previous chart, in case anyone was curious. Enjoy!
If I were to compare the 2013-15 correction and the current one (2018-2019), this is my illustration of that comparison. If this plays, then the correction for Bitcoin won't end until late this year. That next down turn would cause many to throw in the towel on crypto-currencies, and many would capitulate at a loss. Again, if this plays, I am calling for an "X"...
Folks! Do not try this at home! I don't normally predict candlesticks, but nonetheless, here it is. There is a DISCLAIMER that is key, and that is, price has to clear the pink down trend line, then the predicted candlestick has a chance. It should be an interesting upcoming week. Last week I revealed the proper channel lines, based upon my own analysis, and...
The structure heading higher looks like another a-b-c heading towards the "X" wave, for the moment, and although I have it labeled as a down turn to head lower for the "y" wave, there is an alternate bullish count, which could take it much higher instead of lower, but there is no point in revealing that now since there is much work to do with regard to price....
The gann cycle here strongly suggests that this market is turning up! The price has been compressed like a spring, and eventually, the spring breaks free! That's what will happen with the price of XRP!
Please find my channel on Youtube: Strictlyxrp! I offer more details there. Thank you!