G'Day Ladies and Gentlemen,
Just an update on what seems to be a well placed and time fractal idea I post a week ago that seems to be playing out well, so far.
As it currently stands XRPUSD has confirmed its initial impulse wave and what I believe to be the final impulse wave, being the 5th, of the 1st grand cycle that has been complete with the break below structure today.
What does this mean?
Well it means a few things which I have outlined in the chart. The first being that as long as the all time lows hold I believe we are currently in what is technically called a leading diagonal. Leading being the key word.
The second being the long positions yet to be closed. I have outlined long stop positions, also know as liquidity positions, whom the market loves to take money from for being to greedy.
A break above 65 cents would invalidate this chart
If you like the charts give me a follow and I supply you with more money.
Don't forget to like the chart and comment on your opinion of XRPUSD or ripple in general
Just an update on what seems to be a well placed and time fractal idea I post a week ago that seems to be playing out well, so far.
As it currently stands XRPUSD has confirmed its initial impulse wave and what I believe to be the final impulse wave, being the 5th, of the 1st grand cycle that has been complete with the break below structure today.
What does this mean?
Well it means a few things which I have outlined in the chart. The first being that as long as the all time lows hold I believe we are currently in what is technically called a leading diagonal. Leading being the key word.
The second being the long positions yet to be closed. I have outlined long stop positions, also know as liquidity positions, whom the market loves to take money from for being to greedy.
A break above 65 cents would invalidate this chart
If you like the charts give me a follow and I supply you with more money.
Don't forget to like the chart and comment on your opinion of XRPUSD or ripple in general
Comment:
Comment:
Daily closing in about 45 minutes - this looks like the bottom for now, which means its time to retest some resistance levels.
