Hi,
I have noticed that among those tons of tons of XRP charts on TradingView there is a lack of charts showing long term, width view analysis. There are also a few charts that are trying to look on longer term or to search some fractals but in my opinion most of them are simply wrong. That's why I'm sharing my chart with you. What I'm doing here is searching long term trend, long term fractals and trying to extrapolate them into the future. Straight to the line - lets analyse this chart.
First of all you probably noticed that chart is in logarithmic scale - that's because in my opinion its best scale to analyse long term movements with big amplitude and dynamic such as we can see on crypto market. Now pleas look on channel and sub-channels market with lines from Ca1 to Ca7. Please notice how strong influence on price actions they have even during this long period of consolidation in the middle. Why this is so important? Because it seems that those channel lines are still valid and still have strong influence on price.
Going next you can see that I have marked four biggest price jumps with rectangles marked from R1 do R4. Oh well... true is that for now there are only three jumps but with this we are coming to best thing on this chart - price prediction based on fractal which, till now, is completing in 100%.
First wave marked with rectangle R1 started from Ca7 channel line than hit Ca3 channel line with price gain of 1234% than retraced to Ca5 channel line with retracement 64% which is close to 61% fibonacci. Than it consolidate between fib 50% and fib 61%. Now look on rectangle R3. Do it look familiar? As in rectangle R1 we have started from Ca7 hit Ca3 gaining 1557% and retraced to Ca5. For now we are inside consolidation between 50% adn 61% fibonacci.
Ok, so what's next? Of course it is speculation based on history and that's why it can't be sure but i think we are waiting for second wave of two in fractal. We'll probably see next jump which will hit Ca1 channel line in the end. I will not analyse it step by step but pleas just look on channels, ellot waves (market in both cases by 1, 2, 3, 4, 5) and trend angles marked as T1-T4 and sustainability of each of the move.
If this prediction is right we might hit about $6.5 on end of the month than quick retrace to about $4 and at last jump to about $14 to the and of February which will complete second wave jump of 1530%. Do it sound fantastic? Maybe - but this fantasy just happened before.
* This is not financial advice.
I have noticed that among those tons of tons of XRP charts on TradingView there is a lack of charts showing long term, width view analysis. There are also a few charts that are trying to look on longer term or to search some fractals but in my opinion most of them are simply wrong. That's why I'm sharing my chart with you. What I'm doing here is searching long term trend, long term fractals and trying to extrapolate them into the future. Straight to the line - lets analyse this chart.
First of all you probably noticed that chart is in logarithmic scale - that's because in my opinion its best scale to analyse long term movements with big amplitude and dynamic such as we can see on crypto market. Now pleas look on channel and sub-channels market with lines from Ca1 to Ca7. Please notice how strong influence on price actions they have even during this long period of consolidation in the middle. Why this is so important? Because it seems that those channel lines are still valid and still have strong influence on price.
Going next you can see that I have marked four biggest price jumps with rectangles marked from R1 do R4. Oh well... true is that for now there are only three jumps but with this we are coming to best thing on this chart - price prediction based on fractal which, till now, is completing in 100%.
First wave marked with rectangle R1 started from Ca7 channel line than hit Ca3 channel line with price gain of 1234% than retraced to Ca5 channel line with retracement 64% which is close to 61% fibonacci. Than it consolidate between fib 50% and fib 61%. Now look on rectangle R3. Do it look familiar? As in rectangle R1 we have started from Ca7 hit Ca3 gaining 1557% and retraced to Ca5. For now we are inside consolidation between 50% adn 61% fibonacci.
Ok, so what's next? Of course it is speculation based on history and that's why it can't be sure but i think we are waiting for second wave of two in fractal. We'll probably see next jump which will hit Ca1 channel line in the end. I will not analyse it step by step but pleas just look on channels, ellot waves (market in both cases by 1, 2, 3, 4, 5) and trend angles marked as T1-T4 and sustainability of each of the move.
If this prediction is right we might hit about $6.5 on end of the month than quick retrace to about $4 and at last jump to about $14 to the and of February which will complete second wave jump of 1530%. Do it sound fantastic? Maybe - but this fantasy just happened before.
* This is not financial advice.
코멘트:
I've just noticed that chart view is broken on mobile devices (it's cut on left side). Pleas consider reading it on big screen.
코멘트:
Of course, as I was suspecting, some of you wrote about ENORMOUS market cap when XRP will reach $14. So pleas understand that market cap is only statistical value counted as price * supply. It has nothing to real money pumped into market. Price is speculative only. Let me explain on simple example. So If there will be only one seller and only one buyer on market and both of them agree to buy only one XRP with price $14 (so pump it in the system) - the market price of XRP will be $14. Money pumped in the system != market cap.
Market cap is mainly psychological barrier but if BTC reach new levels (and after correction it will) XRP can easily follow.
I will be updating this analysis if something worth noticing will happen.
Market cap is mainly psychological barrier but if BTC reach new levels (and after correction it will) XRP can easily follow.
I will be updating this analysis if something worth noticing will happen.
코멘트:
Hi. Little update on situation we have. So Last days XRP was sliding on Ca5 channel line which was quite similar to situation we had on April 2017. Yesterday happened two things worth noticing. First - we broke short term descending line. Second - rebound from T3 trend angle line, and/or fibonaccin 61% retracement line.
So - what next? I'm optimistic but still can see a lot of uncertainty on market. Apart from that we still can see XRP reaching Ca4 channel line in few days but it depends slightly of how BTC will go. Correlation between those cryptos are weak but during uncertainty on market might be noticeable.
Generally speaking my mine prediction is still valid but might take a little bit longer to reach our targets.
So - what next? I'm optimistic but still can see a lot of uncertainty on market. Apart from that we still can see XRP reaching Ca4 channel line in few days but it depends slightly of how BTC will go. Correlation between those cryptos are weak but during uncertainty on market might be noticeable.
Generally speaking my mine prediction is still valid but might take a little bit longer to reach our targets.
코멘트:
And one more thing. Pleas notice that first signs of reversal appeared exactly in predicted moment - after 24 days from ATH (as in April 2017).