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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!!
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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
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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.**
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Prediction came true
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I just don’t get ripple. It’s a centralized currency. Why would it be better than fiat?
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It's made for the banks to improve the system we currently have. I think it's smart because banks will not go away overnight. It's trying to replace fiat and become a standard over the SWIFT transfer system. Ripple uses its platform to help banks reduce their transfer to 3.4 seconds and a tiny fraction of the cost that other companies and coins charge.
I like it because it's not here to revolutionize the world just fix the one we currently have to make it a little better. Using blockchain technology for verification instantly makes it better than fiat.
Also I don't trade with bias or emotions so it doesn't matter if they're centralized or decentrailized as long as I can make my money off of it. Also if you think bitcoin is decentralized you would be so wrong.
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Doesn't mean I have to support it AT ALL.
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You don't have to love your whore my friend. Just enjoy the ride and and support and promote your loved coins. I'm a massive promoter of Dash but my investment in it isn't that huge. Put money on what goes up and put your love into what's genuinely great and deserving of your passion.
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I love all my whores, what's wrong with me? @vimukthi
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You are probably just loving the experience and thinking that it's the whore you are loving. So basically nothing is wrong.
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I wouldn't turn down even one of it :) Every increment counts.
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I won't own any Ripple as it is antithetical to the very reasons for crypto and bitcoin .
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Take your emotions out of it. Since you have seen Ripple sky rocket, you might consider hanging on for the ride, then let go when you are high. It is being adopted by more and more banks, so it will probably continue to skyrocket.
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Don't confused "emotions" with principles... Buying Ripple is funding the NWO, the potential enslavement of all of humanity by satanic globalists. The Association of Credit Unions in America is NOT adopting/using Ripple XRP.. Tenx if I remember correctly ..
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Damn right. Nice comment.
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I did not really much into it. But unlike a fiat bankaccount this can not be taken / stolen plundered by your bank if they need to rescue themselves - like in Cyprus a few years back? I think?
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@travelersmemoire
That is the con yes but as @yunkzilla has said banks are using it and not that many at the moment give it 4-5 years I'm sure you will see this number explode doesn't mean the price will directly correlate as they will use normal currency for trade on a private block chain with the token only being used when no other finance is available.
It can work directly with banks on a multi currency shared api for direct transfer what's not to like has first mover advantage
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No. If banks see that it is cheaper for them to use than fiat, they will not use normal currency (known as "fiat") because it will make their PROFIT bottom line bigger... of course they will continue to charge you and me the same fees for sending money back and forth... but you and me will perhaps be smart enough not to send money through banks anymore.
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They can use it in conjunction with fiat the ripple payment system is made to work with the banks they don't have to chose XRP unless they don't trust the other party or if that is the only means of funding. By virtue of them using the system they will need to stake 20XRP per account and will probably hoard more just so as not to suffer price volatility.
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Very useful work. However, don't you think it should be made on XRP/BTC, instead? After all, XRP/USD movement depends on BTC movement.
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I put a limit order on binance. I'm selling my ETH holdings for XRP when ETH reaches 0.0011 (which is approximately 77 cents). This is my first limit order; I started trading only a few months ago. I hope I'm doing this right lol
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Buy and hold is the best strategy pick a few and then stick to them don't try to time the market
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Dont really trust in ripple because of the banks. I will skip this crypto
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All Support Him Please
https://steemit.com/bitcoin/@mdshra/all-haejin-s-support-your-followers-are-with-you-do-support-our-crypto-analyser-haeji
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Making ANYBODY a "guru" or "high-priest" ... shaking my head.. no!
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@haejin i just want to personally thank you for the recommendation of gettting into Ripple about a week or so ago. It has almost reached 5x since then. I appreciate the work you do and want to be able read charts like you one day soon. Keep up the work. We are here to support you for the work you do! :)
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Buy him a beer !
If I had learned something that makes me 5x my money, I would buy my teacher a beer. I am impressed with haejin, I might buy him a beer myself, too.
I put my money where my mouth is. I sent haejin a beer (much more than a beer... a grateful "Thank you"...)
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I will. I’m waiting on my other cryptos to boom though. I’m still in a little hole, but his predictions have helped me start to climb out. A couple more hundred dollars and ill be even again
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Thanks!
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Thank you for this great tutorial !
I am going to go through all of your tutorials, see if maybe I will learn something new for me.
They say "You can't teach an Old dog, New tricks." But I am learning !
Thanks!
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Thanks @Haejin! Any chance you can do a BTC & BTS end-of-day recap?
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He already did his BTC evening update, thinks one wave 5 of c could be placed overnight for one more lower low. Based on experience, that probably meant one more trip down for most alts too. One notable exception is Burst, which has tripled in the last 24 hours. Glad I got in on that a couple of weeks ago!
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Here is Burst, FYI:
Due for a correction now. Chart probably shows waves 1, 2 and 3 complete (not marked), with double rounded bottom cup. Wave 4 should form the handle.
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Burst has nothing to do with wave , TA . It was John Mcaffe's tweet behind it .
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awesome post. i upvoted u. hope u do the same :)
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So after the abcde your forecast in USD for end december what will it be?
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Thank you
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@haejin, what are your views on SHIFT? Do you agree with the below?
Thanks,
Manuel
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thanks for the info
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Was going crazy trying to figure out what was going on with the ripple tonight! The 33333 ways of an ABCDE triangle makes so much sense. Thank you had a great lesson with you today have a good night!
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Really quality analyse again, please continoue and don't let jealous people get to you!
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@haejin: very much appreciate if you could spend 10 mins to analyze the Siacoin (SC).
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haejin RIPPLE (XRP) reached above 10 000 Satoshi. How it will behave further. Do You have a prediction?
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Thanks master. I will trust my gut and your analysis so i can sell of on the peak and then buy back at the lower point
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AWESOME. Haters can suck it!
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I put a limit order on binance. I'm selling my ETH holdings for XRP when ETH reaches 0.0011 (which is approximately 77 cents). This is my first limit order; I started trading only a few months ago. I hope I'm doing this right lol
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Been respecting and loving ripple. I've been in XRP since .19 and .26 so I'm happy with it's current stat. I've been winning on margin plays with it the past few days. I was suprised and so happy you did this about XRP. Seeing that triangle gives visual to the buy/sell points.
Thanks for the VERGE tip!
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the fact that we are having this dialogue on ripple says alot. our monetary system is the nucleus in everyday life so will XRP have a positive impact on it, Id simply say a Hell yeah
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Great. I‘ll wait a dip until reacquiring ripple. Could you comment on interchains for 2018? Icon, Cosmos, Raiden, Aion, QRL? Thanks!
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Can you please add a medium and long term view of ripple in usd??????? THAAAAANKS
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I've been watching these coins... even though it is a centralized coin.... I became interested in it due to the fact that it's being backed by banks... and with all the bailout money they receive, I see XRP moving up quickly in value...and I want my cut in their stupid bailouts... anyway I can get it...lol
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Nice one. Upvoted and resteemed by @orishtimothy
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Awesome!
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Ripple is an excellent coin that proves it's stability day by day.
https://www.tokens24.com/coin/ripple/
My guess is to reach $1.80 in January. Definitelly the most promising coin in 2018!
Let's go Ripple!
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Good!
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Thanks for the Ripple post. Could you please add a XRP/ETH analysis?
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%$#&%$@^%$ xrp!!
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Thank you Haejin for your amazing work! I made a deep dive into XRP Ripple yesterday before the big run. Looks like we are pulling back today.
youtube.com/c/BerlinTrader
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wow these drawings looks awesome! I'm not going to ask what was available on Silkroad then. :)
Go on rocking the cryptocomic domain in Steem -- great nick!
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https://steemit.com/steemit/@haejinfans/haejin-is-been-attacked-and-now-there-fans
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