TheMagpie

Potential H&S forming on XLM/BTC. Watch these key areas.

BITFINEX:XLMBTC   XLM / Bitcoin
Potential H&S forming on XLM / BTC .

The next day should tell us what we need to know and whether a reversal of the bearish trend will happen.

With BTC gaining a lot in the last few days it has made trading tough and a lot will depend on BTC performance but if we can break through that neckline and climb to 1500 sats then we may see a quick climb.

Keep your eyes on the charts as falling through the 1375 area would negate this trade and the H&S formation. As it is we are very close to the tip of the second shoulder if one is to form.

Good luck out there
Comment: Bounced at the 1370 area. This COULD be a potential duble bottom depending on how strong that support is. Interestingly this is the same level XLM was at before the bullrun of December 2017.

Comment: ABORT
Comment: Boom

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If you want to be a master on trading, You must review over thousands charts! And, sleepless nights!


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