Good afternoon

The diagonal that we have been tracking did not form and nothing special happened on day 589. That means we have to look for another idea.

A less likely scenario (imho) is that the June low will hold as bottom and that we've started an upward diagonal from there. This diagonal (most likely contracting because of the length of wave 1) does not fit my big picture count though because it wasted too much time already (the fifth wave should not last more then the 3rd). But if this count is correct it would put us now in a 3rd wave of the diagonal. 

I still think however that we have a good chance at printing a lower low in the next couple of weeks. I probably rushed the count a bit and we could be in an unfinished flat wave for X. And when that flat completes we might see our final drop below 30 cents. Either way, I have a nice bag of XRP, will only add to the bag if we see more downside.... If scenario 1 is correct  that opportunity might not come, but that's okay....

Anyways, here is the visualization of the idea :

If this count is correct we'll see some more upside to complete the flat wave. After completion of the flat we roll over again and hopefully print our last zigzag in the sequence.

Hope this helps.

Take care,