A historic time in markets.
The Dow Jones Industrial Average is closing within 1% of the height of the "Roaring Twenties" that ultimately led to the "Great Depression," along with the confluence of the 4.236 Fib Extension from the Great Financial Crisis residing precisely there.
1/3
$XRP
No change in my #xrp outlook as of yet (threaded)
As mentioned in my previous update I'd like to see a htf close above that 1.33 level for me to start leaning on this infinite 1-2 1-2 mega bull count in yellow
On the immediate degree bulls must hold the .65 level or shit starts to get real interesting
I made the yellow count stand out more in the chart as a test of reading comprehension
I'm thinking of doing a video for xrp this week to go over my thoughts on what I like & don't like about each of these counts
If this is something you guys would be interested in watching, let me know in the comments. If not, then I won't bother
$XRP
Even though this #xrp video is from the beginning of the year it's my macro outlook
I strongly recommend watching it if you haven't
It explains my thoughts around both the simple zig zag and triangle on the macro
Even been expecting this move up since the beginning of the year & have been trading every leg of it successfully
$XRP
Since I've done a ton of mid term updates for #xrp I figured a macro update is in the cards
The last macro I did was all the way back in February & that was a youtube video (threaded)
I don't think I ever posted those counts here so here is an update
Primary is a simple Zig Zag for our macro 2 where we're working on the 5th of C
Currently looking for another push higher into that .79 level to complete the potential expanding diag for C of 4 of the larger degree diag(I know a ton to follow but it's not as complicated as it sounds)
After we get that move up I think we head for new lows into that 07 level
I talked about the reasons why I prefer that to happen in that video & will get the snippet from that video posted here shortly for you guys
Any case, blue macro degree triangle is also a count I'm keeping an eye on but that would make this overall correction a 4th on the macro which wouldn't be ideal
$XRP
#xrp holding our level & no htf close below 45(threaded)
Not loving the break of the exp diag line. Doesn't invalidate it just makes me start looking at different options
That's why I've added the blue alt count
Triangle 4
A broke W1 but if E low holds above then orthodox bottom doesn't overlap