For the short term, Looks like we're going to $0.95 - $1.20
In @Kryptokelly 's words: The Most obvious buy in my cryptocareer!
Hope this helps, your feedback, thoughts and comments are more than welcome :)
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Thanks all, See you up there!
Ladies & Gentelmen: Fasten your seatbelts :D
Looks like we're in for another wave before the breakout, but we're still good, and it's still very bullish
This is actually a good thing, more consolidation provides stronger momentum for the breakout, not to mention one last chance for late comers to aboard the ship!
Bottom-line: plan's still in motion, nothing's changed, we're golden!
Bitcoin made a minor correction down to ~$15K and that caused a bit of FUD after BTC holders switched some of their investments to major alt coins like XRP. With that said, BTC quickly recovered after retesting and picked-up from where it left, causing a new FOMO, so a lot of the same money came back to BTC, along with new money flooding.
Now back to your question: what kind of effect do i think this will have over the outbreak of alt coins & XRP on the long term,
First of all, define long-term? could be couple of weeks, months, or even a year, but for the sake of this argument, i'll assume you mean till end of December 2017
XRP's definitely showing strong bullish movement towards breaking new levels, it has been setting there for so long while growing slowly but steadily, and considering the recent news about Uber & Amazon's partnership with ripple, and coinbase listing XRP next month, that will most definitely change the game, not to mention numerous rumors floating around that ripple has frozen about $85 billion of the Maximum Circulating Supply.
Looking at this you can read between the lines and connect the dots of what's about to happen
Now XRP has nothing to do with BTC, as a matter of fact, in case you didn't know, unlike BTC, XRP is centralized, which results in a somewhat more stable market (depending on who controls the blockchain). And over the years, XRP was almost never negatively affected by BTC corrections and crashes, if anything, it attracted new money as a safer storage of value coin.
As for the pattern's movement, kindly read my update above, cheers :)
Do you think thats a good idea? Waiting for your reply.
I had one more question though you might be able to answer? Do you think that XRP will make a bullish move even if BTC will break 20k? and keeps pushing on? because people are pushing money in to BTC and will pull out when it gets it's correction. But i do not want to hold off to long on buying and out of no where see XRP explode and also BTC keeping its steady upwards stream if you get me?
would love to here your thoughts on this.
I agree with you that during ordinary times, BTC's uptrend should negatively affect alt coins, but this is an extraordinary time, FOMO is everywhere, BTC has hit unrealistic new highs, and average people are starting to get into the game bringing unfathomable amounts of money along, so if you factor all of this into account, the logical expectation would be for people to withdraw from alt coins and invest in BTC.
BUT... XRP is proving more and more everyday to have it's own motivation, independently growing on it's own. and that will be confirmed when it's added to coinbase, as there's no going back from there.
On another note, BTC is about to have a major correction when it hits somewhere around $21K, which would bring it down to ~$13.5K then it'll continue the marathon all the way up to ~$100K before the bubble pops., and due to greed and FIAT withdrawal difficulty (especially in very large sums), During this correction, people will prefer to use alt coins as safe heavens, and XRP will be first in line!
Reference: Note the date of the idea, and press "Play" to load new bars, and see for yourself... that guy comes from the future!