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TheTrex
27 Jan 2018 pukul 09.27

XRP USDT - Ratio's and Angles 

XRP / Tether USDPoloniex

Huraian

Every line is support and resistance.

Komen

Below $1.00 XRP will likely head to $0.70, it will be breaking crucial support slope/fib of 23.6% and big chance to go to 11.4%.

Komen

Almost at $0.70, which is support.

Komen

$0.64 looks like a nice buy too

Komen

Bounce will be good! Learn to buy crashes like these when everybody is in fear :)

Komen

Perfect hit on $0.70, we should be ending the bear moves and slowly entering bull territory. If you bought at 0.70 HODL! We can see +$1.10

Komen

Another cool fact, the 1.114 time-fib extension was our exact bottom :)

Komen

We hit the 11.4% slope again, bounce here.

Dagangan aktif

Looking ready to go up.

Komen

I could see XRP back at $1.58, but would definitely take profit there.

Komen

Okay the $1.58 is off chart, it will probably retest the lower white line. The 0.114 slope.
Komen
Gluteus
your charts always have the "WOW" effect on me. only one problem. i don't know how to read them :)
any suggestions?
links?
books?

thanks
TheTrex
@Gluteus, Do you understand how you read normal fibs and how they work?
Gluteus
@TheTrex,
yes
identify the low and the high of the move and draw the fibb retracement/extension.
TheTrex
@Gluteus, Yes so basically the angles work the same, price action should bounce in those fib angles and in general the 61.8% and 38.2% are important because of golden ratio. When 38.2% doesn't hold it should head to 29.5% or 23.6%. The lowest fib and safest entry would be 11.4% and is a Gartner hype-cycle.
Gluteus
@TheTrex, OK, got it.
What about the circles? Price just broke out of 100% circle. How should I interpret that?
TheTrex
@Gluteus, The squares around the circles normally show a significant change in trend, you could interpret it as "leaving the current trend bubble.
Gluteus
@TheTrex, Interesting..
Waiting to see what happens when it crosses vertical "1".
Thanks for the lesson!
xrpxrpxrp
Thanks for chart, very helpful
420snoop
1.39 and 2.13 look likely based on ur chart xoxo
majorlee
love it, beautiful ch'art :)
Lebih