What a tricky count! If it smells like a triangle, looks like a triangle then its probably triangle, right? Well in some case that is true in others it's not. Considering the price action we got yesterday with the liquidation event, we are forced to look at our alternative counts. This is a revised count of the competed Macro Wave 4 XRP. Feel free to ask...
It looks like there is a possibly of a 5th wave truncation, hence waiting for this move to continue higher and meant with a radical zigzag pattern to punch us in the face. Now we will see if we are going to make a Wave B correction of the largest degree and go that for $8 -$12 ish target range, or XRP is pretty sure done for.. Either way we have some time to take...
Hello There, From the price action today, I have updated the count with an ED or Ending Diagonal. Also I updated Wave 4 and I don't think it was a triangle, but a sideways combo. It is still possible for it to be a triangle, but would have to do a deep dive to confirm that count. Today on how low we went in the 4th of the Larger degree 5th, we broke wave 1 on...
Provided is my Macro XRP chart. I have wrestled with this chart for sometime and I have came to the conclusion that the Marco pattern is a bearish one. an WXY combination pattern in the Elliot Wave sense. I am an XRP bull, but I am a technical analyst, and as much as I want this chart to keep going, I'm not sure. I only read what is on the chart and this is the...
This is my first public post of my Elliot Wave TA. Here is a snapshot of the final 5th leg of BTC mapped, and to finish the 10 + year impulse wave or wave 1. For more details of count structure let me know. God Bless and Trade on