Where is the 5th wave? We expect BTC to correct further as a wave is missing as well. Therefore it is safe to assume that since XRP has followed BTC during this corrective phase, XRP will follow a similar trend.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Bearish
Short Term Bias (Today and Next Few days) - Neutral to Bearish
Long Term Target Prediction by 2019 - $3.30 (At least all time high)
We are looking for a 5th wave. Where is the 5th wave?
Short- Term Bullish Scenario
We see this subwave 4 hit only 0.236 fib regions, implies very weak bullish pressure up. We also see an ascending triangle pattern forming, therefore we assume it's possible to hit the 0.382 fib region first.
We use fib extension target 161.8 to target $0.49
Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders
Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex
Lesson 2 - How to Analyze Candlesticks Charts with Strategy
Lesson 3 - Moving Averages
Lesson 4 - Relative Strength Index RSI with Advanced Strategy
Lesson 5 - MACD and Histogram
Lesson 6 - Margin Trading Long, Short, Leveraging
Lesson 7 - Basic Risk Management
Lesson 8 - Fibonacci Retracement Part 1
Lesson 9 - Fibonacci Extension Part 2
Lesson 10 - Laddering
Lesson 11 - How To Interpret Time Frames
Lesson 12 - Swing Trading Advanced 55 EMA Strategy
Lesson 13 - Introduction To Elliot Wave Theory
Lesson 14 - Using a Basic Excel Tracker for Risk Management
Lesson 15 - Automatic Stop Sell/Buy Executions
Lesson 16 - Advanced 55 EMA Strategy with Time Frames and MACD Part 2
Lesson 17 - 6 Hours Live Trade Scalping. Growing $2,000 Account into $3,500
Lesson 18 - Bitcoin BTC Feb 6 - BTC Update - Summary of ABCDE with live play.
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