XRP. Love. Looking for the bottom. #3
Updated
Continuing the analysis on XPRUSD.
See the previous three ideas, they are
all parts of the same analysis
(in the Related Ideas below).
The chart tells all the data.
I have spoken.
See the charts closer and not so much:
Pay special attention to 4 facts:
1.We are experiencing low volumes(consolidation phase)
for months really.
(the same happened already before, many times,
remember the second macro pump of the BTCUSD)
2. The current BIG last wave's correction model
requires another zigzag Y-Z to be formed,
for the new trend to be able to appear.
Thus a bottom is still to be found.
3. Consider the very last known small wave x-y
being the smaller fractal
copy of the very last known big wave X-Y.
See? exactly the same schematics, but the
small one is disturbed by powerful already bulls.
Bulls are waiting, but they have the Ace already,
get it?
4. Stronger signals will come when the very last wave
Z is formed. That will happen in a few weeks, not earlier.
Until that moment it is safe to play short.
Considered targets for the short(x10000):
2000, 1850, 1700, 1400.
Long is unsafe until at least that last xyz group
reaches it's end.
*Also are very probable wide-range horizontal flats for weeks,
because of all the BTCUSD bull pressure.
See more:
See the previous three ideas, they are
all parts of the same analysis
(in the Related Ideas below).
The chart tells all the data.
I have spoken.
See the charts closer and not so much:
Pay special attention to 4 facts:
1.We are experiencing low volumes(consolidation phase)
for months really.
(the same happened already before, many times,
remember the second macro pump of the BTCUSD)
2. The current BIG last wave's correction model
requires another zigzag Y-Z to be formed,
for the new trend to be able to appear.
Thus a bottom is still to be found.
3. Consider the very last known small wave x-y
being the smaller fractal
copy of the very last known big wave X-Y.
See? exactly the same schematics, but the
small one is disturbed by powerful already bulls.
Bulls are waiting, but they have the Ace already,
get it?
4. Stronger signals will come when the very last wave
Z is formed. That will happen in a few weeks, not earlier.
Until that moment it is safe to play short.
Considered targets for the short(x10000):
2000, 1850, 1700, 1400.
Long is unsafe until at least that last xyz group
reaches it's end.
*Also are very probable wide-range horizontal flats for weeks,
because of all the BTCUSD bull pressure.
See more:
Trade active
Short this rekt coin!Note
The most probable bottom range - 1400-1700 pips!
Related publications
Disclaimer
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.