Long

XRP/BTC Still in Cup #4

Updated

Adjustments made to the chart to reflect time-lapse.

Note

Cup and Handel is still in play after the Bullish Butterfly Pattern was completed lastnight.

Adjustments to the timeline made to reflect time-lapse.

Mapped projected route and ABC retracements. Specific Wolfe Waves / Harmonic Waves will be expanded when the time is required.

Alternative Route is highly unlikely, but you may see ranging continue into the red zone for a few days, otherwise, a significant increase in price puts T1 and T2 in visible play to complete the cup and handle.

If you have a difficult time seeing the chart, try zooming in and moving the price range around. There is a lot of technical analysis in the chart, but it is part of the process to be prepared for additional positions to add as the chart moves forward.

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Added position:

Fundamentals: Because Polo Troll Box was disabled, a large confound in the system was disabled. The FUD and FOMO monster has been killed, so the threat of random Fundamental Analysis has been reduced.

Instant price spike.

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Two higher levels revisited.

There is support in this range

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Positive Fundamental Analysis:
fedpaymentsimprovement.org/faster-payments/capability-showcase/
&
xrpchat.com/topic/6025-fed-faster-payments-initiative/
Reading through this article and forum post connected:

CGI is on the list have been working closely with Ripple. The Feds are looking for faster payment solution and it seems that VISA is not the answer. CGI has much influence on the market with ~2,500 clients.

Information on CGI:
coindesk.com/cgis-new-ripple-validator-gives-third-eye-view-into-distributed-ledger/

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Another buy opportunity.

Note

xrpchat.com/topic/6104-something-very-specific-and-major-that-nobody-talks-about/

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Ayyyyyyye!!!!

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It is very likely we are going to end up in the purple box, after a slight detour to refuel.

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Ripple Explained:

xrpchat.com/topic/6403-mr-dilip-rao/

nlizotte

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