XRP- Why i still think this consolodation is valid and extended

20 Des 2017

So as you can see in this chart I have originally charted a wedge that I believed that Ripple would consoldate inside of and then sky rocket. Today would have made this invalid under normal circumstances/TA. However I have a few reasons why I think we can extend this and almost wipe away the action that has happened in the last day and the drop we expierenced. The main reason and what i believe is the most justifing is crypto in general does not always follow TA to the extent normal investing does. Today we expierencced coinbase adding BCH. Once this was added wesaw huge gains that immediately causing BTC to drop. This happened for multiple reasons what i believe is the most valid is in my opinion before today BCH was stillundervalued (I dont own) along with people knowing it was a confirmed add to coinbase which now having a very large amount of users provides alot of demand vs other exhcanges. We saw last week how influential a user friendly app likecoinbase can be. #1 on the app store. So with that we saw mainstream money pour in without reason. So with BCH getting traded added newer people immediately throwing money infor no other reason beside it is going up as well as expeienced traders as in the past new coins on coinbase have huge spike then plumment then gain steady over the next week at least. This makes for a good scalpand quickmoney in and out. So once that happend coinbase froze trading but shortly resumed I believe and we watched price skyrocket as moneymovedin making BTC fall. Without any news/ catalyst like last week ripplemoved back into following btc which actually gives mesome confidence in this strange market right now. Therefore we dropped as well. This is something that I believe is trivial and should not be accounted for when looking at the patterns of xrp (many may disagree but my opinion). I belive we are stillon track fora $1 xrp within the week. The reason why is everyone that talks about xrp being a scam coin and not plausible will finally see the true value and actual realworldvalue that is talking a problem that is here right now- banks moving money. I have heard from a close source who has spoke with a exec at ripple that we will finally get CONFIRMATION ( look at the spike of the actual news that lock up happened when these coins werent actually in the market.) on who the 2 non banking partners are potentially this Friday.... If you have seen the slide from swell i believe it very well is Uber and Amazon... Imagine a 70cent coin announcing they are partnered with Amazon in real world application to speed payments and slowly proving it is even better if they use ripple.... thats astronomical. Becuase of these few things I think we can almost erasethe movements of the last day and still be on course.

This is personal opinion and nothing more. Please check the charts and trade at your own risk! Thanks guys.P.s Sorry for all the words without spaces my spacebar is broke.

To prove confidence- I am down 5k on ripple today and am not sweating what so ever- slides from swell:oracletimes.com/does-ripple-xrp-latest-price-move-have-anything-to-do-with-airbnb-amazon-and-uber/ heres a link that shows them... before you talk about xVia not actually using Xrp. I know. Ripple knows. they have announced a long time ago they have a 3 pronged approach to slowly prove and adapt the use of XRP to these partners. They are one of the only real companies trying to slowly set a base to buildoff.I believe thats huge.

Ask yourself: Will crypto overthrow banks first or will banks adapt and use cryptofirst? I'm betting on the latter.

Comments/questions/constructive critiscism much appreciated.

If you agree/find value please follow slowly starting to post charts as i continue to share thoughts.