XRP: Do yourself a favor

Diupdate

1) Zoom in to compare this incredible exact same pattern.

2) Then ask yourself, when will your euphoria about a change in trend be the greatest?

Thats where the #rekt will happen and most hodlers be badly exposed. Right there in the red box after breaking trendline.

Both patterns represent a valid h&s with the recent one hitting its target right on point AFTER breaking down the neckline which is the ultimate requirement.

So this gives a Damokles sword as long as $0.75 is not surpassed.

I'd even say the orange box would be a no trade area because thats where it can go both ways and any trade within that area would be worst R:R

Catatan

Close up for all the lazy viewers

Catatan

Fib-wise we got a perfect bearish pattern ending on 1.618 corrective fib locally and failing to suprass 0.886 major (for now)

and a harmonic pattern as well

Catatan

pump and dump just as per the fractal. yall know what to do on a retrace?!

Catatan

2016 fractal even too, insane

Catatan

Fibs are friends. But this is just a coincidence?

Catatan

a failure to trigger 1.272 here would be pretty bearish

Catatan

2 fib misses, 2 bear flags. Would have to blast through resistance with a strong impulse or get #rekt

Catatan

same old ish, just a different day, huh?

shared here:

Catatan

next dot in the fractal

Catatan

at least locally short?

Trading ditutup: target tercapai

WTF, target already hit on bittrex on 03/25/23

Wouldnt be suprised if other exchanges follow that wick at a later point

Catatan

Quote from above:

2) Then ask yourself, when will your euphoria about a change in trend be the greatest?

Catatan

here we are in the max pain zone where confidence of bulls and comments seems to be maximizin and price per fractal should get stuck

Catatan

decision time

Catatan

better start deviating bro!

Catatan

deviation in wrong direction for bulls?

Catatan

and also 2014 fractal incredibly on point still

Catatan

2017 fractal too of course

Catatan

mirror mirror on the wall....

incredible !

Catatan

gotta love fractals huh? still following exactly -.-

remember, if it looks like a flag, it usually is one :P

Catatan

hey today lets take a look at the btc pair:

we can see on intermediate 0.886 has been triggered for continuation towards 1.272
on local 2.618 has been triggered for 4.236 which accidentially lines up with 1.272

up move since may has been 3 wave corrective (for now)

invalidation > 0.886 @ 2612sat

Catatan

and we got the breakdown from the flag. following the fractal, things should speed up now

Catatan

break down here and get #rekt hard

Catatan

already down 20% from the top, follwing the fractal(s) like a script. have you done yourself a favor?

Catatan

well, guess its still following the fractal. expecting it to kind of deviate and do an inverted leg soon tho

Catatan

inverted like this coz thats how fractals play out, deviate, trap people and in the end arrive just there where expected

Catatan

like here

happens on LTF and HTF

Catatan

mimicking

fractal #1

and fractal #2

Catatan

well

Catatan

2nd break of the flag, aint looking good brav

Catatan

if this possible bull flag fails to break to the upside, expect PA to accelerate south

Catatan

seems like a inversed part is about to happen with a sharp decline next?

Also nice to monitor 8.236 fib level, just where it would be expected

Catatan

keep bringin em lower local lows in

Catatan

looking at BTC and altcoins: whole market is now at a decision point, bears or bulls, one of them will get totally rekt

for peepee it could mean one of these

Catatan

if it doesnt break the flag upwards with an impulse on the next leg, chance is very high, its gonna drop hard thereafter

Catatan

still on track, next high or low may 20th?

Catatan

still following the playbook, local top for monday, huh?

Catatan

well that recent local high came 2 days close to the fractals local high, if it turns from here, its gonna be 2-3weeks steady decline until mid june

Catatan

when your favorite twitter lawyers tell you its so cheap here, what could go wrong?

just look where price is at, sigh

Catatan

aint no deviation yet!

in contrast, its still being followed badly excactly

Catatan

2016 fractal still being followed

Catatan

2019 at crucial turning point

Catatan

2021 fractal and current price action in crystal clear (bear) flag (for now)

Catatan

if this break out fails and especailly 0.886 gets violated, its gonna be 1.272 callin next before heading lower.

oh and of course hinman emails could not prevent fractal from being followed, but created so much euphoria in xrp army that they were blended by emotions once more lmao

Catatan

guess what, still on track! what a timely accuracy!

lets see if xrp can break free lolz

Catatan

cute break out and awesome euphoria in the xrp army. always remember whats a good time to rekt many? right when peak euphoria! how many bought the top huh?

for the fractal, could consider it still being followed? Almost a month of consolidation might be ahead as long as the breakout level $0.56 holds

Catatan

Here we are about to fully retrace the (fake?) rally, 2-3ct above previous GTFO area.

Come on, how many xrptards bought into that breakout and are under water now?

remember if it looks like a flag, it usually is one

As long as the top of the flag is not surpassed, consider much lower prices / fractal target

Catatan

when r/s flip?

Catatan

theres just one word describing price action so far: REJECTION

Catatan

2nd flag - now broken down - almost identical as the first one
expecting another leg down similar to 2nd impulse

Catatan

maybe a bit quicker and deeper?

Catatan

F L A G

unless it breaks upwards you know the story

Catatan

hm?

Catatan

lets be fair and give em bulls a last chance

Catatan

While some might be enjoying their own favors possibly buying here at 0.48$ vs 0.56$ lets take a look at this btc fractal. little hopium for dat xrp army lol

BTC Fractal to be monitored into 2024/2025

Catatan

As in previous comment, someone might be buying here at 0.48$ levels - voila someone realldy did! :D next impulse should r/s flip - another lower low however will be pretty baaaad

oh and be sure to check out the BTC fractal here

Catatan

if it looks like a flag...

Catatan

if one would have to give an example of what a rejection looks like itd be this

break back into the triangle = bullish, fail here longer = bearish

Catatan

itd make much sense to clear that green area of liquidity before going up, lets see

NastyBeer

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