Jump to content
ed1

Foreshock

Recommended Posts

15 minutes ago, ed1 said:

A foreshock is an earthquake that occurs before a larger seismic event (the mainshock) and is related to it in both time and space. What we are seeing today with the price increase but more importantly with the volume explosion is a foreshock of a larger move that is about to happen in XRP.

Historically every major parabolic move in XRP has been associated with a volume explosion that accompanies and signals a major shift in price. In April28, 2017 volume was 12M USD with a price of 0.035, next day April 29, 2017 volume exploded to 65M USD (5x), price increased to 0.045 => This was the FORESCHOCK signalling what is about to happen. April 30, 2017 volume went up to 95M USD and price to 0.05 and for a period 4 days with lower volumes around 30M (still 3x April 28, 2017) and a steady price increase toward 0.06 accompanied. This was the period of foreshock. The mainshock began on May 5 lasting until May 18 where the price topped 0.38 a more than 10X increase since the beginning of foreshock, a period that also accompanied a top volume of up to 280M USD on several days and an average of 140M USD across the cycle.

A similar pattern can be seen in the foreshock of December 13, 2017 to December 21, 2017. Volume increased by 9X from 140M to 1.3Billion while price appreciated from 0.25 to 0.38, this was the first explosive growth signalling the beginning of FORESCHOCK, for the next 2 days volume continued up towards 5Billion USD on Dec 15th, price went up to 0.84, the next 6 days have seen lower but still above 1Billion volumes (nearly 8x as big as volumes before December 12) and a price stabilization around 0.74. Dec 22nd was the beginning of mainshock with a 5X volume growth from 750M to 3.8Billion volume accompanied by a price increase of almost 50%, the mainshock lasted until Jan 05, with volumes frequently topping 6billion and price reaching above 3$.

So, we know that the foreshock comes with a volume explosion and an accompanied price increase of around 28-30%, it sets in with higher volumes for a short few days, stabilizes price increase for a period of 4-6 days and follows this with the mainshock which comes with another volume explosion.

Let's look at what happened today: Volume explosion from 1.8B to 5.4B (3x) accompanied by a price increase of about 30% up to 42.5 cents. These two signals match that of the pattern we have seen in previous foreshocks. Let's see if the pattern continues over the next 6 days (2 more days of high volume followed by stabilization), if this occurs we may be looking at a foreshock with the possibility of a new mainshock to follow in a week's time.

 

hope you are right!  :)

Share this post


Link to post
Share on other sites

Interesting choice to use the analogy of the foreshock. Because for earthquakes it is impossible to know if a quake is a foreshock or the main event until afterwards. Same goes here. Only time will tell, but I do hope this is only the foreshock :D 

Share this post


Link to post
Share on other sites

Binance will be opening pretty shortly here.  I expect a huge pump in alts today.  People are excited about XRP .30 to .45.  We haven't seen anything yet.  Not saying Binance is going to cause this thing to explode, I just stating in general.  Minds will be blown the first pump to .80 cents followed by an additional to 1.30 days after.  We were in a slight bull market before, but we are about to enter a full bore bull market.

Share this post


Link to post
Share on other sites
8 hours ago, KuNiT21 said:

Binance will be opening pretty shortly here.  I expect a huge pump in alts today.  People are excited about XRP .30 to .45.  We haven't seen anything yet.  Not saying Binance is going to cause this thing to explode, I just stating in general.  Minds will be blown the first pump to .80 cents followed by an additional to 1.30 days after.  We were in a slight bull market before, but we are about to enter a full bore bull market.

Binance isn't going to effect XRP, ETH, LTC or the large coins that much. It will effect the smaller Alts that mainly trade on Binance though. Large coins have so many on-ramps that one exchange going down isn't going to matter too much.

Share this post


Link to post
Share on other sites
On 5/15/2019 at 2:09 AM, ed1 said:

A foreshock is an earthquake that occurs before a larger seismic event (the mainshock) and is related to it in both time and space. What we are seeing today with the price increase but more importantly with the volume explosion is a foreshock of a larger move that is about to happen in XRP.

Historically every major parabolic move in XRP has been associated with a volume explosion that accompanies and signals a major shift in price. In April28, 2017 volume was 12M USD with a price of 0.035, next day April 29, 2017 volume exploded to 65M USD (5x), price increased to 0.045 => This was the FORESCHOCK signalling what is about to happen. April 30, 2017 volume went up to 95M USD and price to 0.05 and for a period 4 days with lower volumes around 30M (still 3x April 28, 2017) and a steady price increase toward 0.06 accompanied. This was the period of foreshock. The mainshock began on May 5 lasting until May 18 where the price topped 0.38 a more than 10X increase since the beginning of foreshock, a period that also accompanied a top volume of up to 280M USD on several days and an average of 140M USD across the cycle.

A similar pattern can be seen in the foreshock of December 13, 2017 to December 21, 2017. Volume increased by 9X from 140M to 1.3Billion while price appreciated from 0.25 to 0.38, this was the first explosive growth signalling the beginning of FORESCHOCK, for the next 2 days volume continued up towards 5Billion USD on Dec 15th, price went up to 0.84, the next 6 days have seen lower but still above 1Billion volumes (nearly 8x as big as volumes before December 12) and a price stabilization around 0.74. Dec 22nd was the beginning of mainshock with a 5X volume growth from 750M to 3.8Billion volume accompanied by a price increase of almost 50%, the mainshock lasted until Jan 05, with volumes frequently topping 6billion and price reaching above 3$.

So, we know that the foreshock comes with a volume explosion and an accompanied price increase of around 28-30%, it sets in with higher volumes for a short few days, stabilizes price increase for a period of 4-6 days and follows this with the mainshock which comes with another volume explosion.

Let's look at what happened today: Volume explosion from 1.8B to 5.4B (3x) accompanied by a price increase of about 30% up to 42.5 cents. These two signals match that of the pattern we have seen in previous foreshocks. Let's see if the pattern continues over the next 6 days (2 more days of high volume followed by stabilization), if this occurs we may be looking at a foreshock with the possibility of a new mainshock to follow in a week's time.

 

All good reading. 

Now can you please start another one of those on Aftershock please......

Share this post


Link to post
Share on other sites
9 minutes ago, ManBearPig said:

Declining lineal volumes, hopefully it picks up a bit soon.

Going off the OP, the is exactly what will happen so would be good.

 

im not however so sure in this theory but it’s a theory none the less

Share this post


Link to post
Share on other sites
2 hours ago, Archbob said:

Binance isn't going to effect XRP, ETH, LTC or the large coins that much. It will effect the smaller Alts that mainly trade on Binance though. Large coins have so many on-ramps that one exchange going down isn't going to matter too much.

Hence the "Binance will be opening pretty shortly here.  I expect a huge pump in alts today. "  

It literally effected the entire market today.  And other countries have JUST woken up.  We are going to pump bigly for awhile.

Share this post


Link to post
Share on other sites

×
×
  • Create New...