All Good Things Must Come To An End

BITTREX:XLMBTC   Lumen / Bitcoin
Stellar has been a stellar ride, but sadly all good things must come to an end. Following the previously define fractal I watch for a breakdown and target the red boxes for covering. If it plays out all the way through perhaps there will be a new cycle in 2019.
Trade active: In the process of breaking down. Position is secured.
Comment: Took some profit here. 4h and 1h RSI are getting very oversold and Bitcoin potentially looking ready for a retrace. Should bounce eventually and then cool off for a bit before it begins its next leg down.

Comment: Barely nipped the target zone. Bitcoin did end up pulling back, but it had minimal effect on altcoins
Lots of guys pretending to be the best chartists, famous ones, they have like 50/50 success rate, some even are in the negative.

But this guy almost always nails it! (I say almost but I don't really remember him being wrong)

Good work @Beastlorion !
@Beastlorion Thanks for the trade.

Good luck to you guys, i've closed it at 3780.
+2 Reply
Thank you for the analysis!
+3 Reply
I think it will hold . stoch RSI forming a double bottom on the 1 hour chart
+1 Reply
mostly_george mostly_george
@GeorgeAlexe, might get a bounce for better entry .
Beastlorion mostly_george
@GeorgeAlexe, idk, maybe. Definitely not a good idea to be holding right now though. Waiting for a better entry is never a bad idea, but probably too late for that.
mostly_george Beastlorion
@Beastlorion, i got in at 4350 minor bounce . ready to watch it sink
+1 Reply
cryptocents mostly_george
@GeorgeAlexe, Story of my life. I been holding, got in higher...
short XLMBTC ... so dangerous...
+1 Reply
Thanks ajdourgarian, you're the best in this field
+1 Reply
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