SUMMARY
NOTE: If this blog gets downvoted; @ranchorelaxo has our backs!!
Not seven days ago, I had provided an update on Ripple (XRP) and elaborated on how cryptos just LOVE the triangle pattern. The below chart was used to show an a,b,c,d,e pattern when only the a and b waves were complete. I had indicated that given the two white trend lines, the likelihood of the remaining c,d,e waves completing was high. I call this level of projection "Forward Discerning".
Here is the current chart which shows precision hit of the a,b,c,d,e waves and completion of the foward discerned waves. Price erupted upwards and is now making orgasmic lunges UP!! I believe newer and higher all time new highs will continue.
So, what's next? IMHO, think BIG! We are in the early stage of the Altcoin Popcorn Symphony! Below shows how one should not confuse the "Trees" from the "Forest". My target is $4.11 or HIGHER!!
Here is the XRP/BTC pair with the original markings from seven days ago...target has been hit and exceeded! Not too shabby.
Here is the updated projection for the XRP/BTC pair with a target of 18,100 Satoshi as shown below by the impulse Elliott Waves!
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!!
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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.**