Good afternoon

It's been a week since we have been in touch, not long after my previous post the crypto market took a nice dip, as anticipated. It is pretty obvious that the dip in XRP was a simple abc structure. It didn't go as deep as I anticipated. This dip can actually work as a fourth wave if you are trying to count an impulse from the lows, as there is no overlap with the initial upwave.
However my primary count is that of a diagonal, that is the structure that I would like to see here, but it is still speculation at this point ...

The purple count shows the impulsive case. I did change the count for (2) or (b) of 1, as I did not like the triangle and has been changed to a "wxy". As you can see there is alternation between the potential (2) & (4) waves.  However it is not possible to connect the "2" with where the move started. 
So all in all my primary remains a diagonal with an initial zigzag for "1" followed by a zigzag for "2". If we are in a diagonal it would be a compressed structure because "2" did not correct much.
Already said it before, there is structurally no difference between a diagonal and a set of zigzags (bearish), so both options are on the table. IF the diagonal respect the time:price ratios it will be most likely a diagonal though. Time will tell.

Wen Buy Dip? 

Some people have contacted me and asked me if it was save to buy the dip this week, it appears most people did miss the bottom at the end of December/early January. If you bought the dip earlier this week (the thrust out of the triangle) you already made some profit. But I think most coins are up a huge amount since the bottom and it might not be the best buying opportunity in the larger scheme of things.
Personally I have some interest to buy some more XRP, but I will only do it if the market gives me the diagonal that I want to see. I am willing to pay more then in June because if all goes well this would be the last buying opportunity before Moon :

I hope it will play out like this, but it is important that IF a diagonal structure forms that it respect ALL the rules, this means if it is a contracting structure the waves should become smaller in time & price. Also 4 must overlap 1. IF it plays out we could see a nice dip after the diagonal, and this could be your last buying opportunity. A diagonal is more bullish then an impulse because the move up would not cause degree issues.

So all in all a lot of speculation in this update, the move from the low is young and there remain several options on the table. More price action will be helpful to determine the path and hopefully I get my diagonal structure. 

Have a nice weekend!