Ripple trade is looking extremely promising.
Below, we can see Ripple's first big move from 950 satoshis to 7000 satoshis in 2-hour candles.
This rectangle represents one full market cycle.
We can see that the first move the move is very similar looking to the next one from 2500 satoshis to 24000 satoshis, which can be seen below. This time I am using 1-day candles.
Assuming our market is going to be acting in a fractal manner, since it already has, we can assume to see the next market cycle looking very much like the prior two. According to my drawing, I believe we could see a 45000+ satoshi Ripple by mid October.
Many cryptocurrencies behave in a fractal manner. This means, the market cycles repeat themselves looking eerily similar to the prior one, but larger. I believe Ripple will hover between 9000 & 12000 satoshis for the next few weeks and then it should commence its move in the new market cycle.
10% of my portfolio is in Ripple. I will update this post or make a new one when I sell my Ripple.
Let me know your thoughts!
Yours truly,
Lucas Hohl-Marchetta.
