XRP/BTC - Not as gloomy as you think?

Chart says it all really. I just dont understand why even bears would consider throwing away a good 1st and 2nd Eliot count when there is so much more room to play. Zoom out on the daily and its the most clear bull flag pattern. Not only that, in history every time XRP has a significant move up, it is always completed with 5 waves and significant rise in price. It appears XRP only comes out to play when it means business and I dont see it falling over yet. Only variable I see that has a legitimate case is BTC and the indecision/weakness it is portraying currently

Kommentar:

So far the trend line has been respected and a bullish move has been made of a bear flag. I expect a run up towards the 0.00008900 region where we will have to consolidate and test the strength of this market before making further travel up towards the channel top trendline support. Bit of low volume as we speak but I think thats due to certain timezones not being very active at this hour.

I guess I'll keep you updated!