Last post about XLMBTC:
Disclaimer:
Sold half at 4193, another half at 4336
Now it becomes quite clear that it enters into another downward cycle after the boost
(MACD DIFF downtrend, %K %D reversal, RSI falls after peak)
(Of course it could go up again but seems less likely)
And we will have to find the next re-entry point, as XLMBTC is still bullish to me:
1. 9EMA holding above and supported by 50EMA for quite awhile
2. RSI / MADD / KDJ still no bearish divergence shown
To predict the next re-entry point, we try to intersect:
1. The trendline (troughs)
2. The 50EMA
Where we get somewhere between 0.000037 and 0.000038.
Please like and follow if you find this useful!
Disclaimer:
Sold half at 4193, another half at 4336
Now it becomes quite clear that it enters into another downward cycle after the boost
(MACD DIFF downtrend, %K %D reversal, RSI falls after peak)
(Of course it could go up again but seems less likely)
And we will have to find the next re-entry point, as XLMBTC is still bullish to me:
1. 9EMA holding above and supported by 50EMA for quite awhile
2. RSI / MADD / KDJ still no bearish divergence shown
To predict the next re-entry point, we try to intersect:
1. The trendline (troughs)
2. The 50EMA
Where we get somewhere between 0.000037 and 0.000038.
Please like and follow if you find this useful!