tarzibou

tarzibou

If trend line (between 2 and C) holds, prepare for wave III.

tarzibou Updated 

More likely: Actually, if it is a continuation triangle we will see an upwards movement to around USD 0.388 and a slight correction to around USD 0.31 before a new impulse can begin that could overcome the resistance area between USD 0.44 and 0.56. Pure speculation and hard to believe: Based on the upward trend in 2017, this could catapult XRP into the next...

tarzibou Updated 

The black line in the beginning is the missing bitcoin price data (beginning with zero from 2009/2010 onwards to the high in June 2011 of 31 USD) in order to get a full picture to count Elliott waves "correctly". The first primary impulse (I) went from 2009/2010 to Nov. 2013 and formed the first wave of the bigger cylce (I to V) of which we are either already in...

tarzibou Updated 

2016-may -> 2017-march 2019-nov -> 2020-sep If we look at the current chart development, it can be compared with the phase around May 2016. The turnaround in March 2017 came 10 months later when the low was reached. I predict a similar trend in about 10 months, when the low of 16 cents will finally be reached.

tarzibou Updated 

-TECHNICAL ANALYSIS- Despite the downtrend since December, we are still above the main upward trend channel, which we could re-enter till July (red ellipse) but there are two strong support lines that have to snap in order to see a further downtrend: the 0.618 fib retracement of the former 12345 Elliott Wave and the 0.618 fib speed retracement of its start...

tarzibou Updated 

Since 10 months XRP is in a consolidation area between 25 and 60 Cents and it looks like the same situation it had around December 2016 (not 2017!) but with a considerably lower volume. According to my Elliott counting it is still in final subwave C of wave (4) and the market is deciding where C should end. Therefore it has formed a descending triangle which...

tarzibou Updated 

We left the green and remain in violet territory. If we are in final major correction wave C (orange) the next bottom is around $ 0.16 (+/- $ 0.05), which will be reached around march to june 2019: see blue circle. As Bitcoins has its flaws it could possibly drag XRP down that far and beyond, as well. The next major cycle can start afterwards which will likely...

tarzibou Updated 

This is no financial advice.

tarzibou Updated 

Let me explain: I just tried to get the right boundaries for future fibonacci circles and then *insert magical formula here*. Disclaimer: This is no financial advice, etc.

tarzibou

I expect purple wave B will go the full way to the end of former wave 5, which corresponds with the resistance line of the downward channel, the 0.5 fib speed resistance and with the support line @ 0,786 fib (= 0,786 €, what a coincidence ;) ). As wave B always consists of three subwaves it already could be counted as this but it is also possible that we will see...

tarzibou

I painted a more optimistic path but as you can see the last weeks could be seen as big h&s and it could likely fall to 0,80 or even lower. If you look closely you can also recognize that if we have a optimistic path in short term to the purple B the C has to end around the 61,8 fib zone (better would be around the green support line) ... otherwise the purple...

tarzibou Updated 

Just an attempt to count Elliott Waves for XRPEUR from 2017-12-12 to 2018-01-06. If wave 5 of the minor wave (the bold cyan one here) is correct a minor correction scheme (purple ABC) should follow before we move up again with the next impulse wave (purple 12345, which time range I made shorter in order to make sure you can recognize the wave counting better).

tarzibou Updated 

XRP is still strong as no fundamental information has changed (technologically useful for banks, used by credit companies, rumors about entering Coinbase). As we have seen in the previous movements the correction went between 61,8 - 50 % fibonacci. Then a little consolidation sidewards before the next upward movement begins. In my chart you can see the fibonacci...

tarzibou Updated 

Hitting 0.618 fibonacci level with 2 support lines and the top of downward trend channel could(!) lead to an outbreak of downward movement. Be aware.

tarzibou Updated 

Like the XRPEUR chart it is hitting a fibonacci level with support line near top of downward trend channel, which could(!) lead to an outbreak of downward movement. Be aware.

tarzibou Updated 

XRP seems to stay relatively stable with a slight upward trend. The little cup could lead to an outbreak of the wedge but we have to focus on the BTC chart which should make its decision within the yellow rectangle.