)
SUMMARY
Check out the Bullish Ascending Right Triangle! The price is expected to bounce around within the triangle barriers but then as it gets close to the apex (the point where the two white lines intersect), price should explode towards the minimum target of $0.5414 and likely much, much higher.
The XRP/BTC is as bullish. Check out the Bullish Downward Pointing Symmetrical Triangel species. Remember the "Speciation of Altcoins" that's going on. There are three primary patterns, and XRP/BTC is displaying one of them.
No other analyst is discussing this: The Speciation of Chart Patterns on Altcoins! Yep, it's an evolutionary event. The below displays the three primary Bullish Chart types within the Altcoins and in such a bullish stage; Bitcoin is not to crash or top yet!
Species: Downward Pointing Symmetrical Triangle
Cup & Handle Species: The Chalices and Basins of Wealth
The Jaws of Wealth Species:
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
I'm not fan of ripple. But I'll buy some for some profits 😀
I would love to see Ripple rise to new highs as I really see a bright future for it. They are solving real world problems!
Oh btw, TKN will be delisted at Bittrex in a few days. After that there´s no big exchange left anymore to trade it. Guess that might influence your expected analysis quite a bit.
yes, that it's a good question....what's going on with tkn??
I hope you are right and since I have made money off of some of your other counts I think I will get some more ripples
Shhhhh...it's the quiet before the storm....KAABOOOOOM!!!
@haejin, images for 'Species: Downward Pointing Symmetrical Triangle' and 'Cup & Handle Species: The Chalices and Basins of Wealth' seems the same? are they correct?
It's got to be just a matter of time before Ripple absolutely blasts off. It's been nothing but down, at least in satoshis, for months.
Thanks for your work! Sent 0.1 LTC ... Good luck! Waiting for information on XEM
Nice post! I upvoted and followed you. Can you check my last blog post about crypto: https://steemit.com/cryptocurrency/@cryptoizotx/crypto-market-sentiment-update-december-3-2017 ?
I'll buy some just to pump and dump it... nasty coin. Not a fan.
So then you are nasty too!
how is it nasty?
Bank coin
Holding it tight. Fundamentals also favorable with the new hedge fund in Ripple and the upcoming lock up of escrow! Cheers
I believe that since ripple has a tie with the Government that it is a solid long term investment. Enjoyed the charts! Thanks.
Cool post, the invite to https://steemit.com/bitcoin/@thewinter/money-does-not-bring-happiness-vol-2
it does bring happiness because happiness=freedom
post a beautiful greeting from @mizi23 aceh
I trust this replaces the TA thoughts of 1.07. Longer term what do you think TA is heading towards. I started laddering in around .15, however if I sell at .54. When the ABC correction comes I dont see it correcting to previous lows, think much higher lows, so might hold out one this one.. Happy to hear other thoughts
Fascinating as always, could you take a look at ELIX please? it has been going straight upwards the past two days. Thank you
Hello @haejin! First, thank you very much for your kindness in sharing your years-long knowledge of markets with us! Without it we - common people trying to find a suitable investment vehicle for our funds - we would be mostly lost in gut-feeling approaches to the crypto world. Your teaching is most appreciated.
Concerning Ripple, is it correct to expect it to reach 0,23, then pullback at least once before the breakout? Thank you. Regards!
I also hate ripple. Mostly because I worked 3 years at an investment bank, my prediction is ripple will from this point forward never exceed $2.00USD and never go under $0.005. I don't base this on anything other than my hatred of centralization and large corporations love of it. I understand the need of some centralization for certain cases, but ripple seems like an attempt to muscle into the CC market on the part of the banks.
Not a lover of Ripple, but its overdue for a pump IMO.
mmm, how can ripple/usd expand 2x from now to april, and ripple/btc expand 10x in the same time? That makes no sense, because usd/btc should contract 5x, which is improbable.
BTC corrects
how does this look?
https://www.tradingview.com/x/yWSqKYDT/
good
I am excited about Ripple and believe in the issues they are solving. I hope for good things!
Nice! I literally just posted a question about whether Ripple was a good investment for the long run. Thank you for this valuable information!
you were exactly right! what a run ripple just had!
Good stuff, very good! Still targeting 0.00022 XRP/BTC after a recent pullback?