XRP EWT Channeling to 589 $

[tar 797]

Aloha,

according to Elliott Wave Theory (EWT) we actually are in the orange primary cycle shown below.

By connecting the orange waves (1) and (3) we are near the middle of the green channel. If the cycle has not ended we likely are in a minor (blue) wave B or C of the primary wave (4) that propably will end near the former minor wave 4 (around 0.20 $) where also the whole primary cycle could end with the orange wave (C) - of which the corrected purple channel occurs by connecting waves (2) and (C). That may sound weird but it is still possible to reach such a low between July and September 2018 before wave (5) begins and wave (C) could also end up there (in the picture around one year later but it depends on the steepness of the correction, of course).

Assuming the dip happens this year, wave (5) ends anywhere between the green and purple channel top (see first yellow eclipse) which would be between 7 and 50 $ (our new ATH). This depends on the steepness of wave (5) and therefore could happen between August 2018 and January 2019.

Depending how far the correction (A) (B) (C) of the primary cycle will be (it could reach former wave (4) region again, as stated above) the corrected purple channel will be between the lowest possible (as shown) and highest possible (the green channel) ranges. Therefore we are able to deduce the time when 589 $ are propably exceeded and this would happen between 11th November 2019 and 10th February 2025 (see the three small yellow ellipses) on the new cycle (purple arrow).

Furthermore, this prediction depends on the development of the primary cycle, of course. For example, it is possible that wave (5) could be a truncated fifth wave or that we see a long sideway movement with a complexer correction or a lot of other things that are influenced by the fundamental data regarding XRP.

Edited May 2, 2018 by tar

[WhentheBoat_ComesIn 1,307]

Ifafellametafellainafieldoffitches,couldafellatellafellawherehissbellyitches?

[BelieveInXRP 141]

Sigh. 

 

*Exits thread shaking head in disappointment*

Edited May 2, 2018 by BelieveInXRP

[nicktemple 980]

Man I really appreciate the effort you put in, but my brain is not smart enough to work out, all that.

But I did pick up 589 so wooooohoooo.

[ADingoAteMyXRP 2,387]

Looking at the temperature last week and trying to figure out whether to wear a coat in two years.

[MKH613 97]

2 hours ago, tar said:

Aloha,

according to Elliott Wave Theory (EWT) we actually are in the orange primary cycle shown below.

By connecting the orange waves (1) and (3) we are near the middle of the green channel. If the cycle has not ended we likely are in a minor (blue) wave B or C of the primary wave (4) that propably will end near the former minor wave 4 (around 0.20 $) where also the whole primary cycle could end with the orange wave (C) - of which the corrected purple channel occurs by connecting waves (2) and (C). That may sound weird but it is still possible to reach such a low between July and September 2018 before wave (5) begins and wave (C) could also end up there (in the picture around one year later but it depends on the steepness of the correction, of course).

Assuming the dip happens this year, wave (5) ends anywhere between the green and purple channel top (see first yellow eclipse) which would be between 7 and 50 $ (our new ATH). This depends on the steepness of wave (5) and therefore could happen between August 2018 and January 2019.

Depending how far the correction (A) (B) (C) of the primary cycle will be (it could reach former wave (4) region again, as stated above) the corrected purple channel will be between the lowest possible (as shown) and highest possible (the green channel) ranges. Therefore we are able to deduce the time when 589 $ are propably exceeded and this would happen between 11th November 2019 and 10th February 2025 (see the three small yellow ellipses) on the new cycle (purple arrow).

Furthermore, this prediction depends on the development of the primary cycle, of course. For example, it is possible that wave (5) could be a truncated fifth wave or that we see a long sideway movement with a complexer correction or a lot of other things that are influenced by the fundamental data regarding XRP.

 

[Sarnos 326]

All these TA spreading their religion ....

[Deeznutz 1,449]

These predictions are great and all. But they don't account for unforeseen things that blow them up. Like: 

What if today CMC changed XRP's volume to "?"

Or So-and-so crypto exchange was hacked for $10 billion.

Or, the EU decided to outlaw crypto sales to individuals.

There's too much uncertainty.  Remember CMC deciding to make S. Korea's volume instantly disappear?  

Edited May 2, 2018 by Deeznutz
Grammar

[tar 797]

Of course, TA can only show trends and signals but no fundamentals.

There could as well be other unforeseen things like:

• SEC confirms XRP is not a security.
• ECB confirms they switch from TIPS to xRapid.
• Binance, Bitfinex, Bitstamp, Bittrex, Coinbase, Kraken, Poloniex etc. decide to use XRP as main trading pair.
• etc.

Then wave (5) could possibly be an extended wave breaking out of the green channel directly leading to 589 $ by next Tuesday

[Keyboardwealth 1,047]

4 hours ago, tar said:

Aloha,

according to Elliott Wave Theory (EWT) we actually are in the orange primary cycle shown below.

By connecting the orange waves (1) and (3) we are near the middle of the green channel. If the cycle has not ended we likely are in a minor (blue) wave B or C of the primary wave (4) that propably will end near the former minor wave 4 (around 0.20 $) where also the whole primary cycle could end with the orange wave (C) - of which the corrected purple channel occurs by connecting waves (2) and (C). That may sound weird but it is still possible to reach such a low between July and September 2018 before wave (5) begins and wave (C) could also end up there (in the picture around one year later but it depends on the steepness of the correction, of course).

Assuming the dip happens this year, wave (5) ends anywhere between the green and purple channel top (see first yellow eclipse) which would be between 7 and 50 $ (our new ATH). This depends on the steepness of wave (5) and therefore could happen between August 2018 and January 2019.

Depending how far the correction (A) (B) (C) of the primary cycle will be (it could reach former wave (4) region again, as stated above) the corrected purple channel will be between the lowest possible (as shown) and highest possible (the green channel) ranges. Therefore we are able to deduce the time when 589 $ are propably exceeded and this would happen between 11th November 2019 and 10th February 2025 (see the three small yellow ellipses) on the new cycle (purple arrow).

Furthermore, this prediction depends on the development of the primary cycle, of course. For example, it is possible that wave (5) could be a truncated fifth wave or that we see a long sideway movement with a complexer correction or a lot of other things that are influenced by the fundamental data regarding XRP.

And here I thought you're yanking my chain?

 

[djdhrubs 4,281]

A move down to the 20 cent range is entirely possible if BTC hasn’t bottomed yet and goes to the 4000-5000 range as a lot of TA experts are calling for.

[Krypto 2,621]

51 minutes ago, tar said:

 

Then wave (5) could possibly be an extended wave breaking out of the green channel directly leading to 589 $ by next Tuesday

Yes, this one, let’s do this one

wave 5

[automatic 3,765]

Why so much hate for @tar?  I found his post a decent attempt at starting with the supposed target ($589) and then backing into it using Elliott wave theory in order to describe potential behavior and timing.

And yes, of course it is only a guess... but it is still informative.

[trubbleinmind 240]

i love posts that show a zig zagging history and then a straight line for four years to whatever target

[tar 797]

2 hours ago, trubbleinmind said:

i love posts that show a zig zagging history and then a straight line for four years to whatever target

The straight line is just the directional trend of the next impulsive cycle within the purple channel.