The picture's becoming ever clearer.
It's almost as if knowing critical price levels is key to using Fibs.. seriously, after spending 8+ hours screwing with Fibs last night, I feel like I learned a hundred and one tricks with it.
I decided to combine this new found Fib power with my signature 'Rounding Curve' method that I've used in dozens of charts in the past, namely the S&P to pin point where trend peaks and valleys are likely to occur.
I find the Rounding Cure by plotting short term trend resistances from the 'peak' price to where ever the trend broke through the short term trend resistance.
Broadly speaking, the more horizontal the " becomes, the more likely the trend is to reverse.
While this chart is projecting a bottom to a short term trend, you can see I use the same method with the S&P to predict the top of the S&P's V-shaped recovery.
The Rounding Curve is also really great for determining if the pattern you're looking at is a true 'symmetrical' triangle' or not.
In the case of this cycle, the dark blue triangle was our symmetrical triangle and we broke bullish.
Thankfully I've spent enough time screwing with them to map out the entire price history of XRP from 2016-present I'm pretty certain what I'm projecting isn't just possible, it's the most probable outcome.
Could we get a blackswan event that completely blindsides the space and the bull run stalls out? Sure. But short of a Blackswan event, the moon is within our grasp.
So lets build a moon base this summer, so we can go visit Mars in Q4!
It's almost as if knowing critical price levels is key to using Fibs.. seriously, after spending 8+ hours screwing with Fibs last night, I feel like I learned a hundred and one tricks with it.
I decided to combine this new found Fib power with my signature 'Rounding Curve' method that I've used in dozens of charts in the past, namely the S&P to pin point where trend peaks and valleys are likely to occur.
I find the Rounding Cure by plotting short term trend resistances from the 'peak' price to where ever the trend broke through the short term trend resistance.
Broadly speaking, the more horizontal the " becomes, the more likely the trend is to reverse.
While this chart is projecting a bottom to a short term trend, you can see I use the same method with the S&P to predict the top of the S&P's V-shaped recovery.
The Rounding Curve is also really great for determining if the pattern you're looking at is a true 'symmetrical' triangle' or not.
In the case of this cycle, the dark blue triangle was our symmetrical triangle and we broke bullish.
Thankfully I've spent enough time screwing with them to map out the entire price history of XRP from 2016-present I'm pretty certain what I'm projecting isn't just possible, it's the most probable outcome.
Could we get a blackswan event that completely blindsides the space and the bull run stalls out? Sure. But short of a Blackswan event, the moon is within our grasp.
So lets build a moon base this summer, so we can go visit Mars in Q4!