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BluKoo

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Everything posted by BluKoo

  1. What exactly was this obvious point you were making? I obviously didn't get it based on that comment.
  2. For the record I'm open to all points of view. After all I was one of them who was posting coinskids videos when we were at 1.80 saying we will probably retrace to the downside to the 80c range. Its healthy to have a balanced input of up and down scenarios. I tend to focus on the up scenarios though as that's the only action which would lead to me selling.
  3. And I stand by that comment. Maybe I misread your sentiment but based on your post it seemed like you were getting frustrated with people either saying we will go up or down and you wanted a definite answer as to what will happen next...
  4. Am i tagged here because you think I have bearish opinions or because you think I shut down anyone who does?
  5. On that note, I'm proud of you for buying zerps. Welcome back to the family 😂
  6. I'm not disputing that. Sounds like you're getting frustrated. Take a break.
  7. I think you misunderstood the point of the video. It wasn't an analysis of the market. More about rationality and psychology.
  8. You obviously didn't see what I saw. Xrp had a mini pump and BTC sat still. A little like what's happening right now. An independent move.
  9. XRP did make a move independently from BTC, so maybe something is brewing but who knows.
  10. It's crazy how well xrp adheres to the fibonaccis regardless of their orientation.
  11. If we can break up above the neckline resistance then that will be a complete inverse head and shoulders which should take us back around the 1.14 level. With that move complete that should set us up for a larger IHS (assuming the lower wicks on the earliest drop don't invalidate it. Should this play out, that should take us back towards the 1.46 level I think.
  12. Actually playing out quite similar to the idea and chart I made yesterday too. In theory this drop should create an inverse head and shoulders which should take us back to the 1.40s. I'm hoping anyway. As long as we don't drop lower than 0.95ish. That would invalidate my idea.
  13. Apologies. You are correct. I must have been looking at 600k%
  14. One last chart. This one is applying the same lines to the longer term log scale. Insane prices I know, but in theory, more logical as more points of price action line up with the parallel lines. Keep in mind that since the 1st of January, Doge has increased 15,000% If XRP also increased 15,000% from its Jan 1st level that would give us $33. And 15,000% might be a short order considering the 60,000% XRP did in 2017. 60,000% from Jan 1st would give us close to $140 per XRP. I'll leave you to make up your own minds. I'm hopeful but dubious. But also excited and eternally optimistic.
  15. Okay, I am back again with some more (made up as I go along) charts. I've been playing with more extended lines of support and resistance as per my last post. They're probably not perfectly drawn, but good enough for me for now. If we take a closer look at the most recent action you can see the MACD hasnt' been this low since the 23rd of April. And since they are similar moves I'll be using that as reference for what happens next. So here is my projection of what's in store for us next if the pattern was to repeat itself in a similar fashion. Obviously this is all at the mercy of fundamentals. So any news which may arise from todays hearing could change it all, but given the saying, "show me the chart and i'll tell you the news" I'm obviously basing this on a good, or at least no bad news basis. And just for fun, here is a close up of the projected price action just to see if there is any close correlation.
  16. Ignore market cap for considering future price. Market cap is a result figure, not an input figure. Imagine I started a crypto with a total supply of 1 trillion coins and I bought 1 coin for $10, it would technically have a market cap of $10 trillion even though there's only $10 in the system. Market cap isn't really relevant. Something is worth what someone is willing to pay, and if there is a mutually agreed price across the system then that price could be anything.
  17. This is how i'm hoping this formation plays out. The current structure completes as a H&S and drops to around $1.04. That then creates a larger inverse H&S propelling us back up into the $1.40s.
  18. Bargain if you ask me 😂 In all seriousness, I could see a price like that one day. Maybe not this time next year. Then again, you never know 😂
  19. Sorry, one last post. I know I'm a rollercoaster of theories today, but... I might have stumbled upon a positive indicator that the bottom is in and it'll only be higher lows from now on. The solid green lines were drawn along bottom support and top resistance. It Just so happens that they intersect at the exact level that the bottom wick reached. Is that just a coincidence or does that actually show where the bottom lies? I'm actually feeling quite positive that this could be used to predict or confirm a bottom.
  20. Funny you say that. I've just reconsidered the above falling wedge and it could be a symmetrical triangle which could break down taking us as far as $0.56 unless supports held us up.
  21. A little addition to the chart I posted last night. I added a few more guide lines and some specific price points for fun. Whilst playing with some lines I have identified that we are in a falling wedge at the moment which means we should break bullish soon (fingers crossed) I've started to extend my lines for as long as I can see corresponding price action. ie. support and resistance. This gives me more confidence the lines are correct. In doing so, I happened to spot this... The ascending dotted line starting from the beginning of March, and the descending dotted line which is a part of our current falling wedge created a perfect little bull flag where they met on the 5th of May. I'm not yet sure how to predict future price action and profit from this yet, but when I do you'll be the first to know
  22. With the aim of forgetting the current price and focusing on why we are all here I decided to play around with some charts again. I noticed a potential long term trend line on the log scale... This line worked well with many pivotal points on the chart so I assume it has some substance. With that in mind I drew a parallel channel using this as the baseline... I considered the Dec '17 blow-off top as an extension outside the normal channel, and also the selloff from 8th March '20. So really all we have done is break into the bottom of the the blue trading channel and double tapped the support to confirm the base. Assuming this support holds we have a lot of upside potential as we are literally at the bottom of the range. To give an idea of price targets based on the 2017 bull run, I copied and pasted the past into our future. Here is a close up... So we could have the potential for; $13-15 range by late June. $70-90 by mid August $535-$650 (lets just say $589) by late March if this is indeed a year long bull market in a super cycle. Obviously all pure speculation and projection, but it kept me entertained for an hour or two.
  23. I think we're going back down to retest the bottom.
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