SUMMARY
RIPPLE (XRP) Could form the 3,3,3,3,3 waves of an a,b,c,d,e traingle as shown below. If this is the case, it would certainly meet the "Hurry Up & Wait" syndrome. The time it will take to complete the a,b,c,d,e would be much longer than the time it took to place the impulse waves.
The impulse waves of five waves up was clasic and vintage Elliott Waves. The downward bullish symmetrical triangle also portended as written about in prior blogs, that a breakout was imminent. And the breakout can be seen with a vertical surge. The initial impulse waves are laid down with a short term target of 10,657 Satoshi.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**