XRP - FRACTAL INDICATES FOR A BREAKOUT IN Q4 - CryptoManiac101
Updated
XRP / USD TA
If we look closely at the 2017 vs 2019 fractal we will see similar movement occurring nearly within the same time frame. Although no fractal is a guarantee of a repeat in the future, we are 7 out of 8 movements into a possible accumulation / breakout phase. Next move should theoretically result in an abrupt green candle. According to this specific fractal, we should see this type of movement this quarter, however delays are always prone to happening although unlikely.
Another important thing to keep in mind is that even though a popular argument is to say that this market is naissant compared to stocks or precious metals market and no TA can be built around it to reflect accurately the future move, I would argue that all markets are 'controlled' by same 'group', therefor even though they seem 'unpredictable' they still can be predicted with ease in a way and at least a general trajectory can be drawn.
If we look closely at the 2017 vs 2019 fractal we will see similar movement occurring nearly within the same time frame. Although no fractal is a guarantee of a repeat in the future, we are 7 out of 8 movements into a possible accumulation / breakout phase. Next move should theoretically result in an abrupt green candle. According to this specific fractal, we should see this type of movement this quarter, however delays are always prone to happening although unlikely.
Another important thing to keep in mind is that even though a popular argument is to say that this market is naissant compared to stocks or precious metals market and no TA can be built around it to reflect accurately the future move, I would argue that all markets are 'controlled' by same 'group', therefor even though they seem 'unpredictable' they still can be predicted with ease in a way and at least a general trajectory can be drawn.
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Dead honest, if we follow this fractal 1 for 1 to 2017, we have 5 maybe 10 days before we get a burst towards the upside as we had in 2017… ‘IF’ we follow it 1:1Note
Look at #7 - we already had small dip and now forming sideways candels before upside…Note
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We are moving in upward trajectory along broadening wedgeNote
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