XRP The Final Correction Before The Bull Run
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- Опубликовано: 6 сен 2024
- #XRP has shown us its hand! In this video I dive into the fractal XRP is following which has one final correction before the bull run begins. I show you what this correction does, and what it is likely to look like.
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I like the Elliot wave count. After the current abc correction (subwave 2 of wave 3) we should enter the 3th sub wave of wave 3. Wave 3 will be explosive. Than do a correction counted as subwave 4 and extend in subwave 5.
And I think the rest of the waves 4 and 5; will follow the pattern as in 2017.
I think you're on the money with this, thanks for the update!
You bet
Appreciate it Justin!
With XRP anticipated to exceed $3 in the upcoming bullish phase, it’s wise to bolster your holdings now. Additionally, holders of XRP should seize the opportunity to claim their $FLR token and potentially double their assets.
Youre doing great brother. Were getting there.
Thanks!
@@ChartHistorian yeah no problem fam. Where ever we are in the world, just know you’re an integral part of my crypto network, and I only rely on 3 sources for reputable data. We’re smack in the middle of the bullrun and can expect things to go parabolic any month now. Persistence will pay off guys
I think XRP will retest 0.4032.
So have you taken into account the completely different scenario this time where institutions will be buying and the introduction of etfs. You do not have a repeating pattern when the background changes or the future is entirely different to the past. You get the same outcome as long as nothing changes, it’s predictable. Until it isn’t, I suggest the judges ruling MAY change the pattern. Just my opinion but many thanks for the hard work. There is a danger that people sell the peak on a small dip just to watch it shoot up too quickly to get back in. If I was the big boys it’s what I would do. They have zero intention of letting retail in on this. You may have to grit your teeth and take the hit during the drops and hold.
5 years ago, there were narratives, potential scenarios, and events that shaped peoples perspectives on XRP. 5 years from now, narratives, potential scenarios, and events will continue to shape peoples perspectives on XRP. However, despite the changing narratives, potential scenarios, and events, XRP's macro structure remains unchanged.
The lawsuit has provided an interesting case study on events that one would think could change the macro structure. What we see is that the macro structure remains unchanged. However, the moves in that part of the fractal become exaggerated. If institutions start buying and ETFs are introduced, my bet is that the macro structure will continue. However, it could exaggerate parts of whatever fractal it is in at the time.
The crypto market is lacking a catalyst. A reason. A function.
It’s going sideways because it has no reason to go up. XRP for example… adoption is happening but at a snails pace and without much public media announcements of projects or ROI. The wrap up of the court case will unblock some log jam but it’s not the major catalyst.
The Macro view is the same. Legislation is stuck in limbo because the election is still months away. The summer grind is also impacting the adoption and volume.
The chart analysis of these cryptos are working in a vacuum without addressing any external data to bring capital in.
Sell in May and go away is really what’s going on.
I read from another TA that we are in the C wave correction of the ABC , will probably go to .54 to .49 then after going up.
So it seems your fractal is correct
Aaaaaanyyy day now..... 🥱