morpheous95

morpheous95

As price is moving currently I believe that the movement that will ensue should be bullish. Now I dont exactly know the magnitud of this coming Bull market but every time the market seems the make clearer that the rally is to happen. After the break of the green dotted line is my final confirmation,

morpheous95

The downtrend that has persisted in ripple across all currencies still persists. Bear markets can and usually are fairly tricky and Ill be the first to admit that I timed the bottom to early. Coming tho this realization I decided to wait out the bears until the exhaustion point which Im confident lies below the doted purple line. The break of this final low will...

morpheous95

The movement downward went as expected. BTC found resistance 4110 which was right in between the 78.6 and 88.6 fibonacci retracement. Price was violently pushed away from the above described zone and for what is visible in the present its an impulsive move. We are left to wait if the current impulsive move has force enough to go on and make new lows. I...

morpheous95

I believe the correction to the downside is still to be completed. This assumes that a new low should be established. This viewed is enhanced by the characteristic of the recent bullish moves. At first I thought since they had synchronized with the recent moves in Bitcoin (which I do consider bullish) that this to meant the start of the new bull market for Ripple...

morpheous95

It seems that the correction may still be in effect in which case price should drop to at least the 61.8 Fibonacci percentile marked by the Purple line. Obviously this can never be a certainty and it should always be held to mere probability. If this main scenario happens to be wrong what should ensue is a rise to break the previous top located at about 4400. If...