Ripple Could Land on Fib 0.618
SUMMARY
RIPPLE (XRP) is likely reaching for the 0.618 Fibonacci level. In pursuit of Bitcoin's lead, the chart below shows that the five waves of the red c wave has yet to be tagged. Given how Bitcoin is expected to target the $8k or $7,500 or so level; XRP is likely to generate a lower low.
Even if that lower low occurs, it may not necessarily signal the END of a correction as price could still just scrape that bottom for a while to come. You can see exactly how that happened prior on the left side of below chart. The length of that sideways movement was quite extended laterally. The same could repeat because that's how most Alcoins correct. Could it be different this time? Could the abc down as shown in the above chart signal the bottom and prices promptly start going up? Yes, but possible and probable are not the same. It's difficult for people to change their personalities...no different for coins.
Legal Disclaimer: 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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Ripple hovered at $.25 for what seemed like an eternity. It can stay there for a while until it blasts off again.
Hello Haejin,
I am probably going to get down voted for responding to one of your posts from berniesanders or flunky of his?
So, I am going to wait from now on til 5 days after you post before comments and upvoting you from now on?
Fucking bullshit that I have to do this?
Fucking dick heads on Steemit now???? this down voting will be the reason Steemit goes to shit!
Take care!
If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.
P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.
your post @haejin is very interesting and useful for visitors and readers because the contents are detailed and complete there is no difference with the author of professional articles ... keep working
This type of comment is considered spam. Many of your previous comments have also been identified as spam. The style of commenting your practicing diminishes the overall quality and authenticity of this platform. @steemflagrewards
I'll just leave this here in case anyone has short term memory loss:
Jan 9 XRP at $1.90 haejin suggests a buy ladder as correction is almost complete
https://steemit.com/blockchain/@haejin/ripple-xrp-projected-to-make-tsunami-profits
Jan 17 XRP at $0.95 (whole market is down) and he suggests $15.44 (lol $600 billion market cap??? Catches up to Amazon this year???)
https://steemit.com/rippl/@haejin/ripple-to-wave-towards-usd15-44-or-higher
Jan 19 XRP @ $1.50 haejin suggests it can reach $3.69
https://steemit.com/ripple/@haejin/581rvny2
Jan 30 XRP @ $1.10 haejin finally admits it will probably go lower
So, when did you buy into XRP and how are those bags feeling right now?
I bought in at $0.19 after reading Haejin's take on XRP. At that time it made a triangular wxy fractal correction that took forever to finish but I never sold. I finally did at $2.4 and never looked back until today. I think the targets for long and short haven't changed he just made it smaller for people who expect instant results and throw a fit if it doesn't go their way. You can't trade when you can't own up to your decisions. I personally never liked XRP but in my opinion how I feel for a token doesn't really matter when it comes to making huge gains which is why I'm buying on the dip.
Come on @kelso, you made money on this but the latest predictions on ripple were all wrong. I respect @haejin analysis but i don't think he's infallible and if he was wrong we have to be honest and accept it.
On the other side i don't get people that is angry at him. I follow his blog, i enjoy his writing style and i think he did some very good predictions.
He's not a god, he's not a financial adviser. He's a very good blogger and WE are responsible for our investments.
This has happened with almost all of Haejin’s “analyses” in the last month. Literally all been completely invalidated. Would have been better taking a blind stab in the dark.
@kevitos don't speak truth otherwise they downvote you.
@noncense good point.Truth but haejin TA changes its normal.
Yes, yes, yes.
A reality check for all.
🙀HURRY🙀
🤔WAIT🤔
This is why Bitcoin dropped again: https://steemit.com/bitcoin/@investingtips/why-i-see-another-crash-for-bitcoin-and-the-general-crypto-market
A lot of hate in the comments... truth is, he might be right this time! I do believe he is 👊👊 everyone hold tight!!!! Buy in the lows, sell in the highs! Lets do this! Long term invest for ripple
Looks like we need another rumor it will be added to coinbase:)
But seriously, as the coin is adopted in the banking industry, it will surely be in recovery mode. At CES the CTO of Ripple said they already had 100 global banks signed on.
Early Feb it will be on coin square which is nice. I think that will help the coin a little. Maybe a decent buy out point if thats what people are waiting for. If not I think the price will jump when it does finally hit coinbase. I think the opportunity to make some money is still here for XRP. I was lucky to get in at .24, hoping for one more spike back up to sell off a good bit. I think crypto is meant to be decentralized, but xrp is definitely a good spot to make some money. Anyone have any suggestions on TRON or EOS??
Thanks for the info I'm trying to understand why the math works the way it does, I have gone all the way theought graduate Math but it was years ago.
The recent correction in the market, as well as some of the crypto bloggers on steemit, has convinced me to begin investing in crypto. So far I have $50 in Ripple and I will put $50 in Steemit soon, but I think I will wait until the current trend has had more time to decrease in value and purchase when it is at its lowest. Thanks for the informative post, as a minnow here on Steemit, I really appreciate the value that many content creators bring to the table as well as the genuine interest that people seem to have in a wide variety of topics.
As always great work @haejin. Look forward to scooping up some cheap XRP. Can you check my BTC chart? I came to the potential low of 7375. I came to this point because of the M top and taking the height of the largest top and placing it at the bottom of the support line nearest the middle valley of the M and where it intersects both arms. Feedback on if would be great.