cnote56

cnote56

I'm not saying I'm predicting ANYTHING. JUST BACKTEST MY CHARTS AND SEE WITH YOUR OWN LYING EYES.

cnote56

Significant resistance and support levels to look for in the XRP/USD chart: Resistance: 0.55000, 0.57423, 0.60000 Support: 0.52423, 0.501672, 0.492541 Resistance levels are price levels where the asset will likely face selling pressure and find it challenging to rise above. Support levels are price levels where the asset is likely to find buying pressure and...

cnote56

Touching base with another one of my XRP charts, I've plotted a prior fractal to see if there is any correlation with the current market. I can see a little short-term but zoom back out, and we see little correlation beyond recent history. I think plotting these prior fractals can often fill one with false hope. I often want to see the patterns. This is why I...

cnote56

Take a look at the yellow circle. That is where we are diverging from what we've been tracking. My take? It can go either way. The volume and new wallets/accounts/users will be key to see if volatility returns, but the pricing appears to have little kinetic energy for higher price action. Personally, anything $0.50 and under is an excellent DCA opportunity,...

cnote56

So, this chart has a fractal from a previous breakout. We can see the possibility for more washing machine price action based on prior price action for the foreseeable future. However, I think we will be in this price range until the SWIFT transition begins to take hold on marketplace services in Nov 2025.

cnote56

I was hopeful that the upside would take hold and price action would increase, but we are in for a turnover and another retest of prior support levels. So, If you look at my chart here and think we're going toward all those lovely projections I pontificated priorly, I'm not so confident in that anymore due to market uneasiness. I'm seeing BTC string to hold...

cnote56

We should fall off a cliff soonish, if I'm wrong. If I'm right? The past two years have been the longest shakeout ever. The fractal is just a previous pattern of a prior breakout on a weekly chart applied over a shorter-term chart to give us a sense of overall volume during the same prior period. It gives a good idea of prior market indicators and what we may...

cnote56

I drew some lines on a zoomed-out chart. This has become my art form.

cnote56

Are we seeing the bottom come in? Of course, it can always go lower depending on what the market does, but I think we have a bottom, and the shake out of the speculators from the last pop have either been shaken out or the profit takers for the long-term holders have finished selling. I think we have a lot of upside here and I think prices will increase in the...

cnote56

Honestly, it's just lines on a chart that seek to make sense about the confluence of moving averages with market structures with some candlestick chart tea leaves for taste. I just like to find patterns. SO, I'm hoping this one pans out. and I'm definitely Long on XRP.

cnote56

So if I correct my Elliot wave plots and pose another plot for the 3rd wave and if the 1st wave roof holds, we could see another leg up or… I’m wrong.

cnote56

Looking at timing for now and yes, I admit my plot for the 4th wave down is off, I’m pushing it out to a little further so long as the rules hold. For reference: according to the Elliott wave theory, the fourth wave is a corrective wave that moves against the main trend of the first three waves. The fourth wave usually retraces a portion of the third wave, but...

cnote56

There is much red in the market these days. and a lot of it's self-inflicted by holding on to old ways of thinking. You have to train yourself to stop thinking an old ways. Think in new ways many people are going to look at this and say should've bought the dip. I don't see a dip. I see it as a rocket pad and you've just grabbed the last ticket aboard.

cnote56

I'm very hopeful for the future. Here we have the old breakout from XRP's prior run overlaid and some potential upside that would be very welcome to my bags. I note the upcoming Automatic Market Maker (AMM) upgrades coming to the XRPL that might suddenly make XRP a worldwide marketplace for nearly any transaction needed.

cnote56

Just watching some patterns and keeping the world news and blockchain milestones in mind.

cnote56

There is something brewing on the btcusd chart and it's either breaking bad, or very good for anyone that wants to see a weaker dollar and stronger bitcoin. Bulls beware there is no floor here. He could see 15k btc again if this flushes.

cnote56

Just let your eyes perceive. The glory and the potential of the past harmonic patterns coming back to haunt us.

cnote56

If there's anything to these weird lines that kinda line up and give us an idea as to whether there is any potential confluence between the chart and potential world events. We are going to see ALOT of new spending to fix ALOT of the climate change-affected infrastructure. So, expect the printing presses to continue to run.