I have studied the fractals in more depth, and also comparing XRP's actions vs. BTC. Based on what I think BTC is going to do, it will directly affect XRP. I have noticed this XRP bear market to be very 3 wave like compared to the last, a lot of inverted H&S like patterns in reversals. Taking that into consideration, I believe this post represents a likely outcome if BTC respects the giant bull flag it is currently in. If BTC fails to recover mid month, it could spell doom and gloom for a lot of ALT's and send us into a prolonged bear market. Let's see what happens.
Note
I looks like price overshot my projection, but I do see an ascending triangle instead of an inverted H&S. Maybe another quick drop and pump upwards?
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.