Hello there,

In my last post I presented you a diagonal, I was probably a bit biased in that post because I really wanted a diagonal from the lows. But IF it is a diagonal it is kinda hard to see the zigzags in leg "3" and "5". On such a small time frame it is kinda hard to be sure if a move if a three or a five though, and it is not entirely impossible to count them as zigzags, imho. The presented diagonal has no other issues, 1>3>5 in time & price. The likelihood of that diagonal to be correct is probably not that high, but the potential cannot be ignored. Small leading diagonals can be extremely bullish.

In the original count legs 3&5 were counted as impulses and formed a zigzag (abc) ; so in that case from the low we counted 2 upward zigzags - I don't want to throw away that original count. A double zigzag from the low, well that can be a "1" of a bigger diagonal in the works, and yeah... a lot of other options on the table to be honest. So unfortunately I have to say that the count is not entirely clear at the moment, but I have some ideas and futures price action will hopefully send me to the right path.

Let us look at what we have so far from the lows :

This chart shows the completed diagonal in yellow as presented in my previous update, if you want a moon move in the very near future you would have to support this count. However the correction after the completed diagonal is very small at this point, I would expect a deeper correction in that case, and that correction can still come. You can see the potential decline would be a triple zigzag in the works, if we get weakness for "Z" that would be your last buying opportunity! 

While the recent correction is the biggest since the move from the lows started it only corrected 38,2%.  The correction looks like a double zigzag for now, it could correct more as pointed out in the scenario above. But maybe it will not correct more, and this would fit better in the purple count, that of a bigger diagonal in the works. That small pullback we got earlier this week could be wave "2" of the bigger diagonal, so we would then go up to a new high for wave 3. And once that bigger diagonal completes we would then get our bigger correction...  This idea would probably delay the moon move with a couple of weeks because we would still need some time to complete the bigger diagonal, followed by the correction.

I hope this update was not too confusing.  As I said before, I am interested in adding some XRP to my bag since my last purchase was at the June lows, just not sure the opportunity will come. That's okay, already have a big bag - I am not going to fomo in at the current levels.  But if a deeper correction comes to around a 50% retrace I would be interested in scaling in some more and convert my fiat in XRP (and some other coins).

As stated before, next Tuesday is 777 days since the start of the lawsuit. 777 is a Highly spiritual Angle Number, it the Sign of getting Divine Guidance. That indicates Its time to get rewards for your efforts. Well it is about time to get rewarded for our perseverance, do you agree?

Thanks for your interest, let me know you like this update by liking & sharing my post.

Have a good Sunday!

Lots of Love,