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XEL chart request

I like to chart with USD as base because it removes all BTC price fluctuations.

Also fib levels and price action aligns better in USD

Further more a friend at a hedge fund let me know that they convert all BTC base to USD for their algo - which drives the market.

So it makes sense to chart in USD over BTC.

To trade off of this chart it's best to use trading view charts and view XEL/USD then at pivot points put in buy or sell orders. At these pivot points i recommend looking at indicators for signs of continuation or reversals.

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Typo in the text near pivot resistance - Alsi should be Also

Not

Another typo - the 2nd target resistance should say 786 fib level not 796

Not

Looks like Fib levels + resistances are working well.. If we bounce up from pivot resistance - now a support it could get interesting

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Hit first target resistance and retraced back to the pivot resistance which is now a support - look up the support/resistance inversion.

We might test the first target resistance again. Hopefully to pierce it.

Of course this all depends on what the grand daddy BTC does. If BTC tanks - expect a sell off of alts as well.

İşlem kapandı: hedefe ulaştı

first target hit and pattern failed after...

update coming in a day or two

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XEL idea - use as a reference to help inform your trades!

Here is the updated idea.

qedbeech

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

qedbeech