cnote56

We clearly see a breakdown from the prior Elliot Wavew counts. I must admit I was wrong with my optimism. Regardless, the breakdown does conform with many of the more prolonged timeline pressures for XRP (See ISO20022 SWIFT CBRP+ Timeline). Regardless, this is a good thing. The opportunities to fill bags at these prices may never be seen once cross-border payments no longer rely on correspondent banking. While the onboarding of the unbanked is my real catalyst for growth in the long term, I am very confident that once the transition period closes, we will see a lot of utility pour into the XRPL, and the native token will be highly desirable for liquidity pools, and greasing the wheels of smart contracts. Takeaway: Ethereum is going to have a lot of competition very soon.So, we clear this chart off and start counting again to find where in the wave theory we are floating. Stay frosty and fill a bag if you have the means. NFA; DYOR.

TON has SOARED in this bill run, but have we seen the top? I think so and the added distribution of tokens as ad revenue from Telegram is going to put a lot of selling pressure on the token. Maybe we see 2.5 as the bottom. It we gotta a ways to drop until then.

I've counted off a possible 5th impulse wave for XRP. I'm also studying Elliot Waves and have gathered a few high-level points to keep in mind while we watch this bull market germinate. The Elliott Wave Principle, is a technical analysis theory that describes the movement of financial market prices based on investor psychology and natural patterns. 1. The Elliott Wave Principle states that market movements are patterned and governed by the psychology of crowds, following a specific structure of impulsive (motive) and corrective waves.2. Impulsive waves occur in a 5-wave pattern with waves 1, 3, and 5 being in the direction of the main trend and waves 2 and 4 being counter-trend corrections.3. Corrective waves occur in 3 waves and can take the form of zigzags, flats, or triangles. They often alternate in pattern between sharp (zigzag) and sideways (flat or triangle).4. The patterns are fractal, meaning they occur on all degrees of trend from smallest to largest time frames.5. Wave personalities, Fibonacci relationships, volume, channeling guidelines, and other technical rules help identify the specific waves and forecast future movements.The Elliott Wave Theory, developed by Ralph Nelson Elliott in the 1930s, is a fascinating approach to understanding price movements in financial markets. Impulse Waves: Impulse waves consist of five sub-waves that move in the same direction as the trend of the next-largest degree. These waves represent the strongest part of a trend. Impulse waves are often labeled as 1, 2, 3, 4, and 5. They are nested within a self-similar fractal, creating larger patterns.Corrective Waves: Corrective waves oppose the larger trend and aim to correct the preceding impulse waves. They come in various forms, including zigzags, flats, triangles, etc.Here are more specific corrective wave patterns:Zigzag: Wave B in a zigzag typically retraces 38% to 79% of wave A. If wave B is a running triangle, it usually retraces 10% to 40% of wave A. If wave B is a zigzag, it typically retraces 50% to 79% of wave A. When wave B is a triangle, it usually retraces 38% to 50% of wave A.Flat: In a flat correction: Wave B must retrace at least 90% of wave A (a strict rule). Wave B usually retraces between 100% and 138% of wave A. Wave C is usually 100% to 165% as long as wave A.An expanded flat occurs when wave B is more than 105% as long as wave A, and wave C extends beyond the end of wave A.Expanding Triangle: Subwaves B, C, and D in an expanding triangle: Each retraces at least 100% but no more than 150% of the previous subwave. Usually, they retrace 105% to 125% of the preceding subwave

Is this Fibonacci sequence level a ceiling or a floor for XRp? Are we dancing, or will this become a wake for higher prices? **Fibonacci retracement levels** are essential tools traders use to analyze stock prices. **What Are Fibonacci Retracement Levels?** - **Fibonacci retracement levels** stem from the **Fibonacci sequence**, a set of numbers discovered by mathematician Leonardo Pisano (nicknamed Fibonacci) in the 13th century. - These horizontal lines indicate where **support** (floor) and **resistance** (ceiling) are likely to occur in stock prices. - The key Fibonacci ratios used for retracement levels are: - **23.6%** - **38.2%** - **50%** - **61.8%** - **78.6%****How Are Fibonacci Retracement Levels Calculated?** - Start by identifying two extreme points on a stock chart (usually a peak and a trough). - Divide the **vertical distance** between these points by the key Fibonacci ratios. - Once these levels are identified, horizontal lines are drawn across the chart. - These levels serve as potential areas where price may **bounce** (support) or **reverse** (resistance).**Why Do Fibonacci Ratios Work?** - The Fibonacci sequence (0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc.) has a unique property: each number is approximately **1.618 times greater** than the preceding number. - This relationship forms the foundation of the ratios used by traders. - Examples: - **61.8%**: Divide one number in the series by the next (e.g., 21 divided by 34). - **38.2%**: Divide a number by the one located two spots to the right (e.g., 55 divided by 144). - **23.6%**: Divide a number by the one three places to the right (e.g., 8 divided by 34).**Application in Stock Trading**: - **Predicting Reversals**: Fibonacci retracement levels help determine critical points where price momentum may reverse. - **Support and Resistance**: These levels act as potential support (floor) or resistance (ceiling) zones. - **Profit Targets and Stop-Loss Orders**: Traders use these levels to set profit targets or place stop-loss orders.**Limitations**: - While Fibonacci retracements are widely used, they should be **combined with other indicators** for more accurate analysis. - Remember that market behavior is influenced by various factors, not just Fibonacci ratios.In summary, Fibonacci retracement levels provide valuable insights into stock price movements, acting as ceilings and floors. Traders use them strategically to make informed decisions.(1) . bing.com/search?q=Fibonacci+levels+in+stock+prices.(2) What Are Fibonacci Retracements and Fibonacci Ratios? - Investopedia. investopedia.com/ask/answers/05/fibonacciretracement.asp.(3) Fibonacci Retracement in Stocks - HowToTrade.com. howtotrade.com/courses/trading-with-popular-stock-indicators/fibonacci-in-stocks/.(4) What Are Fibonacci Retracement Levels, and What Do They Tell You?. investopedia.com/terms/f/fibonacciretracement.asp.(5) undefined. stockstotrade.com/fibonacci-sequence-stocks/.(6) undefined. investopedia.com/articles/active-trading/091615/how-set-fibonacci-retracement-levels.asp.

Is BTC finding its top at the end of the ride, and now the market rollercoaster starts? Are we about to see a sell-off and a retracement period? Let's delve into the fascinating world of market cycles, especially in highly volatile asset classes where all-time highs (ATHs) have recently been reached.1. **Volatility Cycles and Behavior**: - **Volatility** refers to the variations in market prices. The more an asset's price moves, the higher the volatility; conversely, less movement results in lower volatility. - **Volatility spikes** often occur across major financial markets. These spikes share common characteristics despite arising from different reasons and markets. - A typical **volatility event cycle** unfolds as follows: - **Build-up Period**: Before a volatility spike, volatility gradually rises. This hints at potential market dislocation. - **Sudden Spike**: Volatility then experiences a vertical surge, reaching a climax. - **Normalization Phase**: After the spike, volatility reverses and gradually normalizes, albeit with bumps.2. **Cryptocurrencies (e.g., Bitcoin)**: After ATHs, cryptocurrencies often follow a pattern: - Rapid surge beyond the ATH. - Correction and value shedding. - Oscillation with diminishing volatility. - Gradual upside continuation before the next significant event (e.g., halving)³.3. **Retracement Levels and Fibonacci**: - **Fibonacci retracement levels** help identify potential reversal points on price charts. - Key retracement levels include: - **38.2%**: Often rounded to 38%. - **50%**: Not directly from Fibonacci but widely used. - **61.8%**: Rounded from the Fibonacci sequence. - These levels are applied after an advance (to forecast corrections) or after a decline (to predict counter-trend bounces). - The Fibonacci sequence and the Golden Ratio (1.618) play a crucial role in these retracement levels⁵. - For example, the 38.2% retracement is based on dividing a number by another two places higher, approximating 0.3820. Similarly, the 61.8% retracement is based on dividing by the next highest number, approximating 0.6180⁵.Understanding volatility cycles, asset-specific behavior, and retracement levels can guide investment decisions during highly volatile periods. While each market cycle is unique, historical precedent provides valuable insights.(1) Historical Volatility: A Timeline of the Biggest Volatility Cycles. dailyfx.com/education/volatility/historical-volatility.html.(2) Bitcoin Market Cycles Explained - CoinShares. coinshares.com/research/bitcoin-market-cycles-explained.(3) Fibonacci Retracements [ChartSchool] - StockCharts.com. school.stockcharts.com/doku.php?id=chart_analysis:fibonacci_retracemen.(4) Market Cycles: Understanding Phases, Strategies, and Real-world .... supermoney.com/encyclopedia/market-cycles.(5) Market Cycles: The Key to Maximum Returns - Investopedia. investopedia.com/trading/market-cycles-key-maximum-returns/.(6) Retracement vs. Reversal: What's the Difference? - Investopedia. investopedia.com/articles/trading/06/retracements.asp.(7) What Are Fibonacci Retracement Levels, and What Do They Tell You?. investopedia.com/terms/f/fibonacciretracement.asp.

LTC looks like it is returning to yesterday's gains, but I see this is just profit-taking, which is just fine. Each investor has their own profit and loss expectations, and I'm glad to see this kinda red getting painted today. So, let's look at what it means to be an investor in a highly volatile asset class such as crypto. Investors need effective strategies to manage risk and potentially profit in highly volatile markets and with assets that experience rapid price swings. Here are some key concepts and strategies:1. **Diversification**: **Spread your investments** across different assets (stocks, bonds, real estate, etc.) to reduce risk. Highly concentrated portfolios can be risky, so diversification helps mitigate losses during market turbulence¹.2. **Risk Profile Assessment**: Be honest about your **risk tolerance**. Understand how much risk you're willing to take with your money. Some investors thrive on volatility, while others prefer stability. Knowing your risk appetite is crucial¹.3. **Long-Term View**: **Avoid knee-jerk reactions** to short-term volatility. Taking a long-term perspective allows you to ride out market fluctuations and benefit from overall growth¹.4. **Protective Strategies**: - **Put Options**: Consider buying **protective put options**. These allow you to hedge against downside losses. For example, you can buy put options on individual stocks or broader indices like the S&P 500³. - **Stop-Loss Orders**: Set **stop-loss orders** to automatically sell assets when prices fall by a certain amount. However, be aware of taxable events and the impact on your portfolio³.5. **Volatility Trading**: - **Volatility Index Options**: Derivative contracts can be used to build strategies to profit from volatility. Explore options like **straddle** and **strangle** positions, as well as futures⁴. Volatility-Based Strategies: Some traders focus on assets with consistent volatility or large daily movements. Volatility can be an opportunity if managed effectively¹⁷.Remember that volatility and risk are related but distinct concepts. Volatility measures price swings, while risk refers to the possibility of losing your investment. By understanding both, you can tailor your strategies to navigate volatile markets effectively.(1) 4 Proven Investing Principles for Volatile Markets | Kiplinger. kiplinger.com/article/investing/t047-c032-s014-4-proven-investing-principles-for-volatile-markets.html.(2) Investment Strategies for Extremely Volatile Markets - Investopedia. investopedia.com/articles/trading/08/strategies-for-volatile-market.asp.(3) How to Profit from Volatility - Investopedia. investopedia.com/articles/active-trading/040515/how-profit-volatility.asp.(4) undefined. cmcmarkets.com/en-gb/trading-guides/volatility-trading.(5) . bing.com/search?q=profit-taking+strategies+for+investors+in+highly+volatile+markets+and+assets.(6) 5 Strategies for Trading Volatility With Options - Investopedia. investopedia.com/articles/investing/021716/strategies-trading-volatility-options-nflx.asp.(7) Four Ways to Navigate the Bumps of Today’s Volatile Market. kiplinger.com/investing/ways-to-navigate-a-volatile-market.(8) undefined. quantifiedstrategies.com/volatility-trading-strategies/.(9) undefined. schwab.com/learn/story/how-traders-can-take-advantage-volatile-markets.

Somebody call the Law! WE GOT A BREAKOUT!!!!We'll need to see a confirmation candle print on this tomorrow and stay afloat above $0.70, but perhaps we're seeing the first stage of the rocket spark and rumble. I'm hopeful we can hold on to this territory, and then we'll see a lot of the XRPLverse gain traction as well.

Could the Altcoin season just be getting interesintg with ALGORAND running into an impulse wave? Let's talk about Elliot Waves. Certainly! **Elliott Wave Theory** is a fascinating approach to technical analysis that identifies recurrent long-term price patterns based on changes in investor sentiment and psychology. Let's delve into the key concepts:1. **What is Elliott Wave Theory?** - Named after **Ralph Nelson Elliott**, this theory aims to predict market movements by observing repetitive wave patterns. - Elliott discovered that stock market movements follow specific wave patterns, which he outlined in his book titled *The Wave Principle* in 1938. - The theory combines elements from the **Dow Theory** with the fractal nature of market action.2. **Basic Principles:** - **Motive Waves (Impulses)**: These waves move in the direction of the trend and consist of five sub-waves labeled 1, 2, 3, 4, and 5. - **Impulse Wave**: A straightforward five-wave move. - **Impulse with Extension**: Similar to an impulse but with an extended fifth wave. - **Leading Diagonal**: A diagonal pattern within an impulse. - **Corrective Waves**: These waves oppose the larger trend and consist of three sub-waves labeled A, B, and C. - **Zigzag**: A common corrective pattern. - **Flat**: A sideways correction. - **Regular Flats**: Standard flat correction. - **Expanded Flats**: A more complex flat correction. - **Running Flats**: A variation of flat correction. - **Triangles**: A consolidation pattern. - **Double Three**: Two corrective patterns combined. - **Triple Three**: Three corrective patterns combined.3. **Wave Degree and Fractals**: - Elliott Waves exhibit a fractal nature, meaning smaller patterns fit into larger ones. - The Fibonacci relationships between waves enhance anticipation and prediction. - Think of it like broccoli: Smaller pieces resemble the larger piece.4. **Application**: - Traders use Elliott Wave Theory to identify potential trading opportunities with favorable reward-to-risk ratios. - By understanding these wave patterns, traders can anticipate market moves.Source: Conversation with Bing, 3/1/2024(1) Impulsive 5 wave structure - Ground Rules | Learn Elliott Wave | Elliott Wave Theory. youtube.com/watch?v=KRmuvKyLH8I.(2) ELLIOTT WAVE THEORY (Part 3): Impulses and Diagonals [Technical Analysis]. youtube.com/watch?v=_y8cHG5P7GI.(3) Elliott Wave Theory for Beginners | ULTIMATE In-Depth Guide!. youtube.com/watch?v=a5tI8CWiRow.(4) Elliott Wave Theory: Rules, Guidelines and Basic Structures. elliottwave-forecast.com/elliott-wave-theory/.(5) Introduction to Elliott Wave Theory - Investopedia. investopedia.com/articles/technical/111401.asp.(6) Elliott Wave Theory - Overview, Types, Market Applications. corporatefinanceinstitute.com/resources/career-map/sell-side/capital-markets/elliott-wave-theory/.(7) Elliott Wave Theory: What It Is and How to Use It - Investopedia. investopedia.com/terms/e/elliottwavetheory.asp.

Today, LTC is breaking the bUll Flag. It's been printing, and, I think we will have these next fib-levels to look for as stop losses or profit points. However you trade, enjoy it. And THIS IS NOT FA. DYOR.

Looking at the daily chart for ETH, I'm seeing some good progress here to show solid gains and good support for this price action. While I don't personally like ETH or its blockchain technicals, I do appreciate the impact this token will have on others in the next Altcoin season, where I hope to see some of the wealth rotate out of ETH and into smaller Altcoins. This kind of relative pressure may help XRP escape the downward pressure and release the underwater beachball. But focusing back on ETH we see the Fibonacci levels represented very well with this recent uprising. If these levels hold and we don't see much more profit taking and buyer interest remains, then $3100 per ETH isn't possible. Stay tuned for when ETH breaks $3100, and we might see a big wave of change coming for the Altcoins.