SUMMARY
RIPPLE (XRP) is running up VERTICALLY! While this is NOT a sustainable trajectory, it can make MASSIVE PROFITS for many! I present the Forest from the Trees with regards to degree of trend for Elliott Waves. People often get caught up in the short term twist and turns of price such that they confuse the trees from the forest. The below chart shows how the next short term target of $3.56 can be hit as wave 3 and then later $4.11 or HIGHER!
The below is XRP/BTC price chart. One of the most important skill any Technical Analyst can develop is called Forward Discernment. An ability to see partially completed patterns and conceptually visualize it. This is vital to be able to effectively gain market call accuracies above 75%. Most analysts have difficulty in this area but it can be a learned technique. For the below chart, forward discernment shows an a,b,c,d,e triangle. This now provides greater awareness in the probable price pathway and this is good, because awareness keeps the panic away! I'm projecting 26,055 Satoshi as the next target step!
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?
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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.**