Ripple XRPBTC - (Very Early) Bigger Cup & Handle Speculation
Updated
This is a followup to my earlier post about the russian-doll cup & handles forming. It's way too early to be predicting this so take it with a grain of salt, but it matches up very nicely assuming the latest Cup & Handle formation completes at 0.00001500
That seems to be playing out right now, considering we're in the middle of a serious spike that's already taken us more than halfway to the target in the last 10-15 minutes - so I figured I'd better get this next idea ready :)
As you can see, if the latest C&H hits its target (the blue C&H, I know it's too zoomed out to tell), it completes a bowl that could be the basis of another larger C&H (purple).
The target for this larger C&H coincides pretty nicely with a significant previous high.
Let's see!
That seems to be playing out right now, considering we're in the middle of a serious spike that's already taken us more than halfway to the target in the last 10-15 minutes - so I figured I'd better get this next idea ready :)
As you can see, if the latest C&H hits its target (the blue C&H, I know it's too zoomed out to tell), it completes a bowl that could be the basis of another larger C&H (purple).
The target for this larger C&H coincides pretty nicely with a significant previous high.
Let's see!
Trade closed: target reached
Talked about this in my other post, but WOW.Guess it wasn't way too early to speculate on this at all haha. Didn't expect this for weeks. Basically skipped the handle and went straight to my highest target.
It was so soon that if you press the play button on the chart, you have to zoom in to even see the spike because the timeline divider hides it! I'm like Coinstradamus today.
A little bummed that I sold at 0.00001750 because I thought there would be a few weeks to get back in with another handle before the next leg up to 0.00002500, but I can't be too upset - I only really expected it to get to 0.00001500 today, and all my other targets were bang-on. Not bad.
Unfortunately I have no idea where this is going from here. Will update when I see some patterns.
Never expected to be saying this within 8 hours, but TARGET REACHED :)
Note
***SWITCHING USERNAME TO Oops_I_Charted***tradingview.com/u/Oops_I_Charted/
Hey guys, just letting you know I’m disabling this account and changing my account permanently over to Oops_I_Charted.
I’ll be continuing my ideas over there so If you’re following me please follow the other account instead if you’re interested :)
Thanks!
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