thanks shrutefarmer! I'm very happy to hear that I'm currently on the road again (back in Europe) and I have family travelling here that I have been so happy to be able to see I don't get to see my family much (New Zealand is a long way away) so I am making the most of this time I should be able to get to a BTC / SOL update in another day or two
What Faizel2e said also, because we rely very heavily on our Elliott Wave counts and I know from past experience that crypto, espeically XRP, can be so weak up off lows that means, contrary to other markets we analyse (gold and the S&P 500 we do daily) we approach crypto with a different lens when it's making lows
@@Faizel2e But that wasn't really my question. I understand how invalidation works. The question I was trying to ask is why is it his preferred count (the bullish one) if the technicals and even some of his own observations about the count might indicate another more probable bearish outcome and count. Perhaps he has reasons, I'm just asking. You don't want to look at wave counts in a vacuum but in context of the rest of the market data.
@@michaelb99546 At this point, that's exactly it. We're looking at it as a potential deeper correction within the larger bullish trend. I'll be sure to make that heaps clearer in the next video! - Jack
Thanks Jack. Tell Lara we love her.
thanks shrutefarmer! I'm very happy to hear that
I'm currently on the road again (back in Europe) and I have family travelling here that I have been so happy to be able to see
I don't get to see my family much (New Zealand is a long way away) so I am making the most of this time
I should be able to get to a BTC / SOL update in another day or two
Thank you .
Thank you! 28.84 for xrp what price will be? 3-4 dol?
that is the target price, $28.84 in USD for XRP
Is the bear market in the room with us??
we don't think so, our Elliott Wave analysis this week for both Bitcoin and Ethereum has been pretty bullish
Unclear why your bullish preferred XRP count is not affected by your bearish technical reading?
Because it has not reached the invalidation point (for bullish count ) only when this happens will the count be adjusted
What Faizel2e said
also, because we rely very heavily on our Elliott Wave counts and I know from past experience that crypto, espeically XRP, can be so weak up off lows
that means, contrary to other markets we analyse (gold and the S&P 500 we do daily) we approach crypto with a different lens when it's making lows
@@Faizel2e But that wasn't really my question. I understand how invalidation works. The question I was trying to ask is why is it his preferred count (the bullish one) if the technicals and even some of his own observations about the count might indicate another more probable bearish outcome and count. Perhaps he has reasons, I'm just asking. You don't want to look at wave counts in a vacuum but in context of the rest of the market data.
@@PureElliottWave Thx, that was what I was asking you. To put in context, you're viewing the bearish technical indications as simple bullish weakness?
@@michaelb99546 At this point, that's exactly it. We're looking at it as a potential deeper correction within the larger bullish trend. I'll be sure to make that heaps clearer in the next video!
- Jack
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