Looking at the bigger picture of XRP we have almost certainty finished our full Elliot wave super cycle but the question is have we completed the correction? I am on the fence but after a local impulse wave failure at $1.22 I am leaning towards further correction. If this is the correct scenario we will see a final wave C down but I do not think we will get a lower low or a double bottom due to the yellow trend line . The intersection of the trend line and the 0.786 fib should create a lot of support which is why I don't see a lower low likely especially if BTC 5.18% continues to uptrend. We also have the lower degree wave 1 top within pink support region further adding to it's strength. Taking these levels into consideration we should see a massive bounce off them to kick off our 2018 bull run which will be wave 3 in a grand super cycle and remember wave 3 is often the strongest and never the shortest (meaning this could be a bigger bull run than 2017).
Thoughts and comments are appreciated and be sure to like and follow if you want to follow this trade.
* This is not financial advice*
Thoughts and comments are appreciated and be sure to like and follow if you want to follow this trade.
* This is not financial advice*
评论:
Hi guys, with BTC rallying and about to break above its downtrend channel there has been virtually no response from XRP which reaffirms we are likely to correct.
交易开始:
We have the correct scenario, if you shorted well done, if not we can ladder in buys between $1.00-$0.80. Major supports are $1.00 and $0.80. Trade safe.
交易开始:
Analysis of the local impulse wave shows the golden pocket is right on the $0.80 mark so we should get a strong bounce off there if we get to that level.
交易开始:
We will reach the 90 cent area soon and likely find some sup8plrt if btc goes down to 9k we will find ourselves at our 80 cent buy zone
交易开始:
Target reached next stop $0.80. I believe we will get there when BTC dips to 9k before we get a bounce. Trade safe
