flyboitee

flyboitee

Grand scale wave 2 as a triangle?

flyboitee Updated 

After studying the XRP pattern pre-2017 failed moon mission, here we are 4 years later finding ourselves in a very very similar pattern. The time frame and exact fib levels are not exactly the same but i've been using it as a rough guide to study today's XRP price action. So what do we have so far? "W" was the 'SEC News dump'. "X" was the 'XRP army pump'. "Y" is a...

flyboitee Updated 

So here we have an update to the EW scenario I posted 2 days ago. I believe that wave 2 of C of B has been completed as it has done a plausible ABC and has tested 50% of wave 1. Targets for Wave 3 will be the resistance red bar. I don't see it going above the 1.886 of wave 1 as that would project a very high wave 5. Since the pattern is an ABC within a larger ABC,...

flyboitee

Still following my fractal. The B down may be completed and this would be the price action for this week. In my humble opinion I see many XRP shorts coming in. Funny how only last week all the moon-units were screaming moon time, yet now they calling straight down to 20c.

flyboitee

Seems to me that the B of B is not done yet. Hence today's drop. Target is 38c then a nice long to 51-53c. Cheers. Happy Weekend

flyboitee

Following the big drop on the 22/23rd which was A down of Y of the WXY, we seem to be correcting on an ABC (currently starting C up). Preliminary target is 53c. This also would be testing a previous support level and should turn resistance as we have yet the C down on the bigger count. 30c is the target for C down probably next week.

flyboitee

I found a truncated wave 5 of A. This makes out this scenario where we are now going up to 55c for B before dropping to the 30c area for C.

flyboitee Updated 

Still comparing to the pre ATH bull run fractal. We could see a truncated wave 5 of A here. Estimate target for wave 3 of 5 of A is 0.41c and wave 5 of 5 of A to be circa 0.36X. Nice long opportunity from 0.36c up to 0.50 and 0.618 of the drip (optimistically 0.54c). Would set a tight stop loss in case wave 5 is not truncated which we could see 0.33c. Cheers

flyboitee Updated 

Check my idea regarding a WXY correction to 22-24c in my profile. This is the micro subwave count for the bigger pattern. Just posting for me to follow it as i like it when i press play to see if the chart plays out XD.

flyboitee Updated 

Looking at previous failed moon missions, XRP has always had a pretty dramatic drop before it pumps. History does not always repeat itself but it could be a clue. The pump of yesterday ended a wave 5 of what seems to be an ending diagonal. This could now possibly do 5 waves down. Wave 3 targets around 38c-41c. An ABC up for wave 4 to around 49c (testing previous...

flyboitee

Just a quick update to the XRP price action. No bias - both scenarios presented. What do you guys think? Comment below.

flyboitee Updated 

Price action for the past four days have been bearish. From the low of 48c last night (UTC), we have seen XRP bounce and make so far an ABC zig zag correction. From drawing the fibs from wave A, we can predict wave C to end circa the 1.382 Fibonacci level. Interested to see if this scenario plays out with BTC making ATHs, some would assume XRP to pump after BTC...

flyboitee Updated 

With a bearish divergence beginning to appear on the 12hr chart. I believe wave 5 of grand wave 3 is close. If the short term top is in, then expect a drop to the wave 4 fibs on the chart. Then for wave 5, it can either double top wave 3, or go for the 1.236-1.618 fibs from the inverse of the impending wave 4. Or the 1.618 of the whole of wave 3. Targets for those...

flyboitee Updated 

I've been comparing the pattern between present day and that of the fractal pre-Dec 2017 bull run pump to ATH. If we compare the 2 patterns, they are extremely similar. Combining with EW theory this is my count. Right now the price looks like it can go test 70c area which would re-label my count of the ABC for X of Y as impulsive and not zig-zag.