**SUMMARY** The breach occurred and thus far remains decisive. To this end, I wanted to share some attributes of the September 2017 correction and how it could have some fractal influences to this current recovery. The September correction showed an upward pointing wedge as shown in below chart. The horizontal blue lines show the presence of good support and the upper white trend line now also represents strong support. <center><img src='https://s17.postimg.org/lf88kajfj/Screen_Shot_2018-03-06_at_11.11.20.png'></center> *** A breakout is very likely and the purple Elliott Waves project an impulse rise to 123213 Satoshi for wave 5. This would be a 11280% profit potential. Will this happen overnight? No, it'll happen in a five wave impulse. IF price goes below the upper white trendline and stays there, then we have a different scenario and analysis will be updated. One reason why triangles are quite common because it allows the price to become time pacman. <center><img src='https://s17.postimg.org/m4r0womjz/Screen_Shot_2018-03-06_at_11.20.41.png'></center> *** **Legal Disclaimer**: This post is for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this post has been researched and is thought to be reasonable and accurate, I cannot and do not guarantee any rate of return or investment timeline based on the information presented herein. <center><img src="https://steemit-production-imageproxy-upload.s3.amazonaws.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV"></center><center><img src="https://steemit-production-imageproxy-web.s3.amazonaws.com/U5dt8BFauhjGURqh8Rn38guHXV9gmrZ"></center>
author | hahajin |
---|---|
permlink | 2018-04-04-5 |
category | bitcoin |
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root_title | "XRP (RIPPLE): Needs to Find the Bottom in Pattern & Elliott Wave Count" |
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steemitboard | 0 | 317,693,886 | 1% | ||
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author | steemitboard |
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permlink | steemitboard-notify-hahajin-20180404t173947000z |
category | bitcoin |
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root_title | "XRP (RIPPLE): Needs to Find the Bottom in Pattern & Elliott Wave Count" |
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