XRPUSD October 11, 2021 - WARNING
A few things, today.
First, this chart again somehow indicated the $1.21 resistance level that we would hit on this most recent move up. Right on the nuts. Allow me to pat myself on the back because it is so unbelievable. I explained way back when how we made the chart. I'm not sure why it works, but the methodology is there for anyone who wants to look into it. So that's good. As I watched XRP heading up, I was actually hopeful it would head lower from $1.21, because it validates the predictive nature of the chart. Sure enough, that's exactly what happened.
Second, as we take a look at the fractal we are using along with the fibonacci retracement levels and fibonacci trend lines, we see danger ahead very short term. We have been saying this for some time now. Right before capitulation, we are expecting approximately a week long downswing with about a 30-35% correction at the low. When will this fall start to occur? Well, could be now, but we think XRP will get through the now $1.22 overhead resistance, and will target the 0.382 fibonacci level, at roughly $1.33. We are expecting the fall from there. It is possible we could break through the 0.382 and our fall could occur from the next trendline up or the 0.5 fib retracement, but we'll cross that bridge when it comes if it does.
So, in short, we are looking at the following:
1. Break through $1.22
2. Hit 0.382 Fib Retracement at $1.33
3. Week long retrace to about $0.90 - $0.95.
4. Capitulation to $13-$17 expected to occur December 11, 2021.
That's what we believe will happen over the next 2 months. Know what is coming. If/When we start falling, if you have looked at this chart, understand this is exactly what happened last time and why we were able to predict it. Know that the fall is a good thing, because it is just another event confirming what we believe will happen. Know that relief is coming after the fall. Plan accordingly.
Enjoy!!!
-Buster
First, this chart again somehow indicated the $1.21 resistance level that we would hit on this most recent move up. Right on the nuts. Allow me to pat myself on the back because it is so unbelievable. I explained way back when how we made the chart. I'm not sure why it works, but the methodology is there for anyone who wants to look into it. So that's good. As I watched XRP heading up, I was actually hopeful it would head lower from $1.21, because it validates the predictive nature of the chart. Sure enough, that's exactly what happened.
Second, as we take a look at the fractal we are using along with the fibonacci retracement levels and fibonacci trend lines, we see danger ahead very short term. We have been saying this for some time now. Right before capitulation, we are expecting approximately a week long downswing with about a 30-35% correction at the low. When will this fall start to occur? Well, could be now, but we think XRP will get through the now $1.22 overhead resistance, and will target the 0.382 fibonacci level, at roughly $1.33. We are expecting the fall from there. It is possible we could break through the 0.382 and our fall could occur from the next trendline up or the 0.5 fib retracement, but we'll cross that bridge when it comes if it does.
So, in short, we are looking at the following:
1. Break through $1.22
2. Hit 0.382 Fib Retracement at $1.33
3. Week long retrace to about $0.90 - $0.95.
4. Capitulation to $13-$17 expected to occur December 11, 2021.
That's what we believe will happen over the next 2 months. Know what is coming. If/When we start falling, if you have looked at this chart, understand this is exactly what happened last time and why we were able to predict it. Know that the fall is a good thing, because it is just another event confirming what we believe will happen. Know that relief is coming after the fall. Plan accordingly.
Enjoy!!!
-Buster
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