Samthecarpetman

Samthecarpetman

Illustrating my support and resistance lines, they’ve been on point. I suggest you mark them on your chart and observe how price actions react to them. Some lines are weaker than others, and I wanted to change their color, but I didn’t. At this point, I’m not concerned about it since we’re almost done. We’ll soon be in the process of price discovery.

Samthecarpetman

Based on the support and resistance lines shown in the chart, I’ve been able to effectively accumulate more XRP coins throughout December. Using these lines, I’ve successfully sold almost every top and bought nearly every bottom, except for a couple of missed opportunities while I was asleep—and two times when I followed the hype, LOL. Overall, it’s been a highly...

Samthecarpetman

We’re sitting right on top of the 144-minute moving average on the 8-hour timeframe. Fibonacci sequence.

Samthecarpetman

XRPBTC appears to be forming a bullish pennant, suggesting a potential continuation to the upside after consolidation. If we see the formation of three consecutive green candles with higher highs and higher lows (known as “three white soldiers”), it could signal the beginning of the next impulse wave.

Samthecarpetman

On the monthly timeframe, here’s my analysis based on Elliot Wave Theory and observable patterns: Identifiable Pattern: The chart appears to form a 5-wave Elliott Wave structure, consistent with a motive wave (impulse). This structure typically aligns with the principles of an overall bullish trend. Wave Count (Elliott Wave Theory): 1. Wave 1: The initial sharp...

Samthecarpetman

Here’s a complete list of patterns and observations of what I see in the chart: 1. Symmetrical Triangle (Current Pattern): • The price is consolidating with lower highs and higher lows, forming a symmetrical triangle. This is typically a continuation pattern, and given the prior uptrend, an upward breakout is more likely. 2. Ascending Channel (Previous...

Samthecarpetman

Based on the chart you’ve provided, the price appears to be consolidating in a sideways movement, forming a symmetrical triangle pattern or pennant pattern. This is characterized by converging trendlines with lower highs and higher lows. Key Observations: 1.Trend Before the Pattern: There was a strong upward trend leading into the consolidation, which supports...

Samthecarpetman

Using Elliott Wave Theory, it looks like XRP could be entering Wave 3, which is often the most explosive move. If this plays out, Wave 3 might take us to the 1.618 golden pocket region. What are your thoughts?

Samthecarpetman

BULLISH Pennant, or Bearish Pennant? Not difficult to understand where we are heading! Think LONG! $TRX ‪#TRX #TRON #BTT #BitTorrent‬ ‪#TRX #TRON #BTT #BitTorrent‬ #Bitcoin #crypto #JTS

Samthecarpetman

Descending wedge: one of the most bullish patterns. Not sure when it will break out, but when it does, it will be so bullish that you will not be able to keep up with the price. Hopefully soon we will enter wave 3 (wave 3 will take us to a minimum of .36 cents.

Samthecarpetman

From a grand prospective, TRX 1.59% is in 3rd wave (often the longest and never the shortest out of the 3 motive waves which are 1,3 and 5 | 2&4 are corrective waves) When it reached 10 cents people (including myself) were calling it wave 1 of wave 3 grand super cycle. It is clear that the 10 cent mark was B wave and we finally bottomed at around 1.7 cents. We are...

Samthecarpetman

We are still looking for the bottom of wave 4. We are near. Holding s the best option if you have not sold during the run to 10 cents. See you at the next target between 10 cents and 14 cents.

Samthecarpetman

TRX - TRON to Bitcoin Just an idea.