WyckoffMode
Long

Dip On or Around April 15th Before Going to Higher Highs.

BINANCE:XLMUSD   Stellar / US Dollar (calculated by TradingView)
It appears the White Energy is heading down towards the 50% level in the 3-Day Time Frame (TF). I'm of the opinion we likely see a dip begin on or around April 15, 2020. Which means I only expect a "dip" and not a "dump" to begin then. I'm totally expecting us to continue to the move up to higher highs with potential for a fairly decent consolidation event in early to mid April, 2020. The Red Vertical Time Line for April 9, 2020 is a "tentative" (estimate) of where a decent consolidation event may begin. That date is subject to change as we get closer to April 9, 2020 while paying close attention to the Red RSI and the White Energy. This publication is labeled a "LONG" position because of what I'm seeing in the indicators in HIGHER time frames despite the fact I'm seeing a potential dip coming up in the near term. I'm Including a screenshot of the cover chart below in case the cover chart is scrunched up by TradingView's platform.

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Comments

Not a lot of news with XLM which makes no sensor on why people would be buying. It is a top coin but do you believe this is on the whales alt dump list so they can get back to accumulating more BTC?
+1 Reply
WyckoffMode dwalker350zz
@dwalker350zz,

You make VALID POINTS... Which means IF I'm wrong on my TA for any pair, it would be this one. I'll give an update on this one soon.
Reply
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