XRP - Happy New Year !

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I picked XRP`s chart since obviously it was the VIP of the end of the year 2017, with spectacular gains in short period of time. This is my wish for all of you for 2018, have a great year, enjoy trading while enriching your knowledge about this fascinating new class of assets and why not, enriching your wallets as well. Trade responsibly, don`t be greedy, don`t be fearful ... adapt to the markets and play!

Thank you all for looking at my ideas, commenting on them, liking them (or not :) ) and following me. It is a great honor and responsibility at the same time to have so many views and followers in just a month of posting.

Happy New Year !

PS: I am still bearish on XRP, with the levels to watch being $1.60 and $1.08 (short term - a few days)

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$1.6 in sight again, after on the 11th hit the $1.61 just to bounce back up. I was too early by a week or so in the initial post ...

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Within a day, we reached the second level ... we are now at $1.048. Nice "drawing" on the charts :)
tradingview.com/x/hXzYN2RH//image]

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Now ... I know this update will bring a ton of "interesting" comments to say it diplomatically however this is what the chart tells me:
- on the daily we have a bear pennant that is about to breakout to the downside (look at the volume at the tip of it as compared to the body)
- if we are to apply the classic targeting technique of extension, we are looking at XRP going back to $0.25, from where it all started.

My XRP price predictions before were early calls and they missed some big up spikes, however after just a little while after they proved correct. So, this is just a fair warning to all XRP traders to do due diligence and mind this possible scenario coming very soon
Good luck all !

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Even though it might not seem much of a breakout, this might be the beginning of the journey back to the very low levels before the P&D.

As a side note ... mind that the founder of Mt. Gox, then-founder of Ripple and now-founder of Stellar ... has a new toy: XLM. Just look at the charts, any familiar sights? ;)