XRP Bottom In, Getting Ready to Face Melt
Hello,
Unlike all of these other "traders" I'm not going to post a million different ideas, at least 5 a day about the same crypto, all with different outcomes.
That's worthless TA, instead, I'm going to show you where I went wrong and what I'm thinking next.
I'm still in the XRP trade, and as I've shown in my chart XRP is once again repeating historical price action.
Right before the last face melt in 2017, XRP had a failed breakout (circled in green), and right now we have an almost identical scenario playing out.
If history repeats itself, which it does time and time again in crypto, XRP will not fail on the breakout this time around.
Instead, it will break through and have absolutely nothing in its way on the way up to a peak of as high as $25 according to the log chart.
As you can see, XRP bounced right on the logarithmic curve I drew, which many people questioned at the time saying it only had 2 points of contact.
WELL NOW IT HAS 3. AND IF IT HOLDS, I WAS RIGHT.
Also, if it holds it basically has nowhere to go but up.
In my opinion, over the next few months there will be no better trade than XRP.
- CAHLESS
Unlike all of these other "traders" I'm not going to post a million different ideas, at least 5 a day about the same crypto, all with different outcomes.
That's worthless TA, instead, I'm going to show you where I went wrong and what I'm thinking next.
I'm still in the XRP trade, and as I've shown in my chart XRP is once again repeating historical price action.
Right before the last face melt in 2017, XRP had a failed breakout (circled in green), and right now we have an almost identical scenario playing out.
If history repeats itself, which it does time and time again in crypto, XRP will not fail on the breakout this time around.
Instead, it will break through and have absolutely nothing in its way on the way up to a peak of as high as $25 according to the log chart.
As you can see, XRP bounced right on the logarithmic curve I drew, which many people questioned at the time saying it only had 2 points of contact.
WELL NOW IT HAS 3. AND IF IT HOLDS, I WAS RIGHT.
Also, if it holds it basically has nowhere to go but up.
In my opinion, over the next few months there will be no better trade than XRP.
- CAHLESS
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