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Baloo_the_Bear
Sep 10, 2020 5:52 PM

Damn Lummie! You looking fine! Long

BITTREX:XLMBTC1D
Stellar Lumens / BitcoinBittrex

Description

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Stellar is testing its lower range of the ascending channel, this is the final LPS before a bullish continuation. DM me for for deets.
Trend AnalysisChart PatternsTechnical IndicatorsXLMXLMUSDxlmbtc
Comments
baseballpro10
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Hey Baloo! What is LPS ?
Anoinvest
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@baseballpro10, Yo sir. It is Wyckoff analysis - see this school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method
Anoinvest
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@baseballpro10, LPS—last point of support, the low point of a reaction or pullback after a SOS. Backing up to an LPS means a pullback to support that was formerly resistance, on diminished spread and volume. On some charts, there may be more than one LPS, despite the ostensibly singular precision of this term.
baseballpro10
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@Anoinvest, Thank You!
Baloo_the_Bear
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@baseballpro10, wow, I couldn’t have given a better answer if i tried! Sorry for the late response, I’m not super active on here. If you want i do have a discord server that you could join and I’m in there everyday. discord.gg/nkuAnu
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