Just an interesting observation. While looking at the structure of a number of different "Alt" coins I started to see a pattern. Granted, markets move the way they do because of the actions of the participants- which are more often than not going to be similar to other participants. This is why fibs work, and why there is a known bubble cycle. People are predictable.
Case-in-point: This higher time frame bitcoin price action overlay onto the XRP (Ripple) 12hr chart. I've posted this in the chat a number of times in an effort to show others what seems to be a working road map, having been consistent now for months. I originally produced the overlay at the break of the symetrical triangle. The targets shown were drawn in PRIOR to the addition of the overlay, which shows a potential confirmation of the pattern target.
Take from this what you will.
Case-in-point: This higher time frame bitcoin price action overlay onto the XRP (Ripple) 12hr chart. I've posted this in the chat a number of times in an effort to show others what seems to be a working road map, having been consistent now for months. I originally produced the overlay at the break of the symetrical triangle. The targets shown were drawn in PRIOR to the addition of the overlay, which shows a potential confirmation of the pattern target.
Take from this what you will.