XFLRUSDT
XRP Final Leg Down?Possibility to complete the move down today.
The trendlines are important resistance levels from the past.
Hitting the bottom most one would be the best in regards to structure as it would imply a HUGE bounce in the coming month (great news from the SEC on the horizon?:)
Either way, we saw this coming, so no need to freak out.
Excellent buying opportunity for those with the guts to buy.
#goodluck
XFLR New ATH Coming?Potential for new ATH for XFLR in coming months.
Flare Networks and Flare Finance ready to go live June/July.
Could be quick move to 0.40’s due to thin order book as discussed before.
XRP & XFLRToo much confusion over this XFLR (Poloniex) and FLR (Bitrue)
Let's finally clear this all up...
Flare Networks launches this quarter (very soon)
Their token is the Spark Token (FLR)
FLR tokens will be distributed (15% of total) as soon as the Flare Network launches. (~3% per month after that until 100%)
An airdrop was done in December, owners of XRP gained 1.0073 FLR tokens for each XRP they held in the necessary accounts.
XRP owners have itchy trigger fingers and wanted to trade FLR tokens even though none have been handed out yet.
Poloniex and Bitrue said, hey how about we give you "IOU's" to trade now, then when the actual FLR tokens are handed out we will give you 1 REAL FLR token for each 1 IOU token you own.
Now this is where people are confused.
(The too long but still read:
Spend $190 on Bitrue to get 100 real FLR (Total value of $190)
Spend $220 on Poloniex to get 100 real FLR and still have 567 XFLR leftover (Total value of $377.11))
Pay attention.
Bitrue said, we will only be getting 15% of the total FLR tokens at launch. So if you had 100 XRP you would get 15% of that (multiplied by 1.0073 technically, but let's just go with 1:1 for now) at launch.
Bitrue then handed out IOU's like this:
100 XRP = 15 FLR(IOU)
Poloniex said, we will give you 100% of the total FLR tokens at launch. So if you had 100 XRP you would get 15% of that at launch, then ~3% per month until you hit 100% of what's owed to you.
Poloniex then handed out IOU's like this:
100 XRP = 100 XFLR(IOU)
These IOU's are convertible into real FLR (spark) tokens after Flare Networks goes live.
Here is the next part where people get confused.
PAY CLOSER ATTENTION
(Pricing at time of writing) (**assume real FLR is the same price as FLR(IOU) from Bitrue, but could be anything really)
Buy 100 FLR(IOU) on Bitrue at $1.90
When Flare goes live, get 100 real FLR tokens
Every FLR(IOU) is converted to real FLR.
You now have 0 FLR(IOU) and have 100 real FLR.
Total Cost: $190
Total Value: FLR(IOU) + real FLR = 0 + $190 = $190
Congratulations you now own 100 real FLR and it only cost you $190.
Buy 100 XFLR(IOU) on Poloniex at $0.33
When Flare goes live, get 15 real FLR tokens (15% of the XFLR you own)
15% of XFLR(IOU) is converted to real FLR.
You now have 85 XFLR(IOU) and have 15 real FLR.
Total Cost: $33
Total Value: XFLR(IOU) (85) + real FLR (15) = $28.05 + $28.50 = $56.55
Congratulations you now own 15 real FLR and still have 85 XFLR and it only cost you $33.
Each month ~3% of the remaining XFLR will convert to real FLR until you have 0 XFLR remaining.
After 3-4 years, you have 100 FLR just like Bitrue.
Bitrue it cost you $190 for the convenience of getting it all at once
Poloniex it cost you $33 but you had to wait to get 100% of the real FLR
That's quite the premium you paid
So let's put it this way
You read all this and think, of course, I want it all at once and I'll pay the premium, screw waiting 3-4 years. I want 100 real FLR in my account as soon as the Flare Network launches.
Buy $220 of XFLR on Poloniex.
Get 667 XFLR
When the network launches, get 15% of 667, 100 real FLR tokens.
Have 567 XFLR left over that will give you ~3% more real FLR tokens per month until you have 667 real FLR tokens in 3-4 years.
Total Value = (567 x 0.33) + (100 x 1.90) = $377.11
Spend $190 on Bitrue to get 100 real FLR (Total value of $190)
Spend $220 on Poloniex to get 100 real FLR and still have 567 XFLR leftover (Total value of $377.11)
#easymoney
XRP Fib Channel UpdateXRP continues to track this channel.
Pretty amazing really.
$2.36 is a number that has been coming up a lot in my personal analysis.
$2-$2.36 should provide heavy resistance.
Do we then retest $0.77-$1.00?
Or do we break an ATH?
Does XFLR continue it’s upward climb on Poloniex to match FLR on Bitrue before Flare Networks goes live?
#hmmmmm
XRP AlternativeBack in November 2020, we had a large rise followed by a pennant, followed by another large rise.
Previously I saw a consolidation forming, but now I’m thinking we’re like the Cubs and hunting for a pennant.
Closing triangle closes in the next 12 hours so we should have an answer soon.
Either a move down towards $1.225 to continue consolidation.
Or, a swift break past $1.54 and towards $1.90
XFLR on Poloniex should follow suit
#worldseriesafterpennant
#pennantisaweirdwordifyousayittoomanytimes
XRP Weekly ConsolidationXRP has just had a parabolic rise followed by a break of that parabola and setting of new high.
XRP will consolidate over the next days/week.
As before, expect a 7 wave down, followed by an ABC pattern.
A double retest will mark the start of the next parabolic rise.
The prices and timing of this graph should be close enough.
(Peak of Parabola should be higher, I just didn’t want to stretch this pattern for clarity sake)
My buddy Super Dave from the future didn’t give me a better picture this time around (jerk)
Expect this master pattern to continue until say we hit $2.36?
While this consolidates I’ll be shifting my focus to XFLR on Poloniex.
#noeasternpromises
#blamedaveifwrong
XFLR Continues With FractalXFLR has tracked almost perfectly the previous fractal upwards.
Potential for 3 trendline hits.
All show great potential.
XFLR must catch up with XRP.
Only a matter of time before people catch on.
Flare Networks is to go live this Quarter...
#justsayin
XRP Yearly Bull Run?The Fib Channel hit again today to stop the rally (for now)
Eventually expect a pull back below $1.
Maybe this Fib Channel is the answer to this years Bull Run?
XFLR has also seen big gains.
I expect XFLR to rally as profit taking from XRP funnels into XFLR (Poloniex)
FLR (Spark token) should be launching this quarter with Flare Networks.
Exciting time to see XRP enter DeFi.
XRP PotentialI had seen a pullback before moving to a potential $1.54.
Clearing $1.40 would signal this potential.
XFLR on Poloniex is another to keep an eye on as XRP gets moving.
#bringontwobucks
XRP Fib Channel*VERY INTERESTING*
So now that Super Dave came from the future and gave me all the price action over the last couple of days, I’ve had some time on my hands.
Take a Fib channel and link the two previous lows over the past year or so.
Then as the 0 level, link the low ascending channel trendline.
This is kinda crazy...
1.618 level is were things started to take hold. (Also marks previous local low)
People need to investigate this further.
Send it to all the hotshots on this site so they can figure out whats going on...
#waysmarterpeoplethanmecanprojectfromthis
#waytoolonghashtagsarejustnotcool
XFLR Launch WindowExpect XFLR to play catch up in the coming 3 days.
Once people catch on to how undervalued this is... look out
XRP Launch TimeframeEveryone wants to know timing (as do I)
We are in the window that actually started two days ago.
14 days left.
At some point in the coming 14 days (could be tomorrow, maybe 10 days..) XRP will either explode to 0.75/0.93
Or
Tank down to the 0.55 region...
Come back on April 18th and I’ll let you know what happened.
XFLR Ready To Play Catch-upAgain, VERY thin order book.
Only a matter of time before people catch on that XRP skyrocketing means FLR spark token needs to increase as well.
XFLR is transferred to FLR and is undervalued.
One big trade can push this to 0.5050 very quickly.
#dontmisstheboat
#getinwhileyoucan
XFLR Master Channel HitXFLR has potential to see massive gains now that the channel has been hit.
0.388 would be the first price to clear, followed by 0.5050.
XFLR 0.382 Fib RetraceAs before, we have retraced to a 0.382 Fib level.
This should mark a bottom, however, we may still hit the 0.176 area.
Expect a flattening out from here until we hit that trend channel and explode upwards again.
At this level we may see it in the next 4-10 days.
XRP Condensing Structure TargetsAs per the previous post, XRP came up to hit one of the trendlines.
0.60 mark is the next big target.
Once XRP clears the uppermost line...
#lookout
XRP Sept 22nd 2021 CompressionInteresting to sometimes take a step back and look at the whole picture.
XRP has many converging trendlines that all meet up around Sept 22nd of this year.
Obviously this cannot hold through the year, so once these break, it could be a huge break...
Diverging from these channels could signify huge upside (or downside if you choose to look at it that way)
April and May are shaping up to be very important months in regard to timing.
A break of the upside trendline would be very big.
#09222021
XFLR Master ChannelEach time XFLR has interacted with this Master Channel it has had a growth spurt.
It then flattens and reconciles.
Eventually interacting with the Master Channel.
The next interaction looks to time out sometime around the first half of April.
This probably will result in the 0.5050 level being reached/taken out.
Again, the order book is extremely thin.
#firsthalfofaprilbaby
XFLR Correction Complete?As discussed before, XLR was looking to make a retracement back to the low 0.20’s.
Next resistance levels should be found around 0.388 and 0.5050.
A $250,000 market buy order could take it up to 0.36 immediately.
