Looking good. Wicked back into the triangle and tested 100 ema daily tf. Then bounced and regained the uptrend outside the triangle. I think we go up from here. Just not in a straight line obviously.
Crypto MMs love to make us buy when a coin is looking strong and our analysis shows a break like this one on XLM where the triangle pattern broke up. Then sell off the coin trapping noobs or forcing traders to sell.
After the break out I noticed that XLM didn't pump as it should've because most crypto traders would have seen this move and entered into a long position.(and I know a few that did) Rather XLM just stayed flat, so I kinda knew something was not right.
But still hold my position and not selling as this is all just MMs shaking people. They are ruthless. I also noticed that demand wicks in crypto currencies are usually the Best Buy signals especially after a bloody sell off. GL everyone Big Mike loves you and he loves XLM.
Crypto MMs love to make us buy when a coin is looking strong and our analysis shows a break like this one on XLM where the triangle pattern broke up. Then sell off the coin trapping noobs or forcing traders to sell.
After the break out I noticed that XLM didn't pump as it should've because most crypto traders would have seen this move and entered into a long position.(and I know a few that did) Rather XLM just stayed flat, so I kinda knew something was not right.
But still hold my position and not selling as this is all just MMs shaking people. They are ruthless. I also noticed that demand wicks in crypto currencies are usually the Best Buy signals especially after a bloody sell off. GL everyone Big Mike loves you and he loves XLM.
If your interested in joining my group DM me for the link. We do Elliot Wave TA give trade signals and set ups. We have channels for all cryptocurrency and also many OTC stocks. TY
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
If your interested in joining my group DM me for the link. We do Elliot Wave TA give trade signals and set ups. We have channels for all cryptocurrency and also many OTC stocks. TY
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.