שורט

XRP: Putting the problem the other way around with Pythagoras

This time, it is BTC against XRP on the weekly chart! I start my analysis in 2013 and I do not use Fibonacci but Pythagoras - If BTCXRP goes down, then XRP goes up!

We can see that every time XRPBTC reaches 0.707, it goes to 2.236 and goes down right after - then, XRP bullrun

How did I found 2.236?
It is the hypotenuse of a diagonal with a right triangle
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Then,
0.707 is the reciprocal of 2.236
0.447 is the reciprocal of 1.414
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I can assume that when the first wave reaches 0.707, the second wave will reach 2.236
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However, when the first wave reaches 0.447, the second wave would reach 1.414
On top of that, BTCXRP has formed a symmetrical triangle where it has more and more difficulties to break above the EM55 and the long term resistance since the beginning of 2017 -
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Can BTCXRP break EMA55 + Resistance? If yes - XRP will collapse, if no BTC will collapse.

Based on my previous analysis of XRPBTC and the symmetrical triangle and following the reduction of steam to break resistance and EMA55, I think XRP will win :-)

Ma maîtrise est sans faille et mon skill sans égal

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