I am comparing Fibonacci and trend lines for accuracy. We can see reactions at some Fibonacci levels. Either the price retraces or shoots through. Either validates the level. I have drawn three trend lines in an expanding wedge or 'megaphone' pattern. Trading this pattern you could enter now with a stop indicated by the grey transverse line and exit at the highest line. The projection is for a doubling of this price over the next week.
NO TRADE.
I will wait for a new pattern to develop
ctondepu
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The way you have put it, I am seeing the pattern confirming on BTC vs. ETH for XRP.
Is there a way we can sign up to your notifications when you publish something?
Thank you for sharing.
a1Keith
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@ctondepu, I have modified my settings. Now you should receive a notice when I post something, if you follow me.
I have not entered the trade yet, since it looks like it might take XRPETH 24 to 48 hours to retrace a little
Akaroz
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@a1Keith, Will you let you update us when you've entered the trade? You're like a prophet, literally none of your charts has been wrong so far
a1Keith
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@Akaroz, I am sure it is only a matter of time. :) I will not enter now because we do not have confirmation on the XRPETH chart . You can see that the support line has breached, but the pattern is a larger version of what happened several times before (about 6 times larger). We can see that this pattern has not completed. If it is to repeat then we will see some gentle price decrease over the next two weeks. So I cannot predict the future but if I see a pattern play out then I will look for an entry point at that time . For now . I do not see a pattern.
Akaroz
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@a1Keith, Mind sending me a screenshot of the follow button so I can follow you? I've been looking for it everywhere but I can't figure out how to follow people. New here
a1Keith
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For comparison I have included a chart of ripple denominated in Ethereum. There is an interesting fractal pattern.
Based on these charts it looks like Ripple of the top three cryptocurrencies is poised to rise the most over the next week.
cryptyx
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@a1Keith, On a longer term, considering the growth factor of the market as a whole I would expect to see 40K sats by the end of the month. Similar retractions to be expected throughout the year. This one is a beast...and this one has a wing man that's destined for the stars...in case some hadn't heard. ;)
I will wait for a new pattern to develop