PART 3 OF XLM ANALYSIS ! WHERE WILL IT GO AND WHAT CLUES DO WE HAVE ?
What's up trader's, investors and moon boyz. I waited to do a part 3 because I needed more confirmation to see where we are in wave (C). I was waiting for a rejection at the top of the triangle. A lot of people already had us breaking out of the triangle but volume says otherwise. Volume is everything and probably one of the best indicator's that one can use. I'm not gonna lie. This has been one tricky count to follow and I want to help you guys stay on top of things.
As per my last analysis I had us finishing the C wave and was looking for a retracement up to at least the .50 fib. We didn't get there, however if you bought at the time of the analysis you would have made some nice profits since we went to $.47. I also had us retracing to the $.35 area before we went up and there was another buy opportunity there as well. I don't have a crystal ball, but always want to keep you guys in the loop of the possibilities so you can capitalize or not get slaughtered. The triangle that I have drawn is the right triangle that you should be trading. There is a lot going on in my analysis and the chart. I have given you both scenario's as to what will happen with xlm. I don't make premature calls and try to look like a hero. It's not my style. I don't need gratitude and I can take corrective criticism. Now, if you don't know elliot wave or you don't know how wave (4's) can potentially play out than you wont understand my analysis. Take the time to read my chart and you will notice where the waves ended and have great advantage as to where XLM is going next. Think of a game plan for yourselves. All I want to do is help and share my knowledge with you guys. Crypto trading is tough enough and the moves can either happen very slow are be over in an instint. I'm leaning bearish right now, but I won't let my bias or emotion take over. I sold half of my position at $.44 and I'm closely watching to see if $.36 holds. I have my stop loss set slightly lower than that. If we do break to the downside, I don't see it being too violent. I have buy targets set from $.12- $.28 as I will dollar cost average with my profits from my last buy at $.30. Now, if this is bullish for the time being and this is a 1-2 or even A-B with a C wave up that can mean two things. As per my last analysis, I claimed that we are in a correction of an even larger correction. If we break out of the triangle, my first target will be $.49, then $.53. If we stop there, it will confirm my X wave with another ABC wave down to complete the whole correction of a WXY with a target of $.12. Now, let's not get ahead of ourselves. Remember, I don't have a crystal ball. The second thing that can happen, is that we have a wave 3 up to around $.65. If that happens, than our C wave finished at $.27.4 and we will break all time highs. These are just idea's guys and I hope they help you know what to expect. Drop a like if you want, but it's not necessary. Good luck guy's and remember to have your stop loss's set in case this thing drops into the abyss so you can gobble up bags of XLM. I wanna make BANK BRO!!!
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We should have 1 more run up to the $.41- $42 area where we can determine XLM's destiny in the upcoming week or so. If we do and I don't see buy volume, I will dump my hole position. Of course I will confirm the rejection first. That run up could come now or after we drop to $.36 area. Now if we break the triangle to the downside first, there is a chance that the $.33 area holds to extend the triangle. $.33 will be the last holding point before we hit $.30, then $.27 and so on. I will be buying smaller amounts at these levels. I want it to drop further so I can keep dollar cost averaging. Again, not letting a bearish bias take over, and I'm Ok if we go up too.
Are you trying to teach people something here with your BS christmas tree chart. another example how some people have very good imagination but forget that we actually live in reality. Wrong as always. Still no one chart that is worth a dam. I feel sorry for the retards that follow this garbage.
mfibbs
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@AriasWave, where is the finishing wave Handjob? Umm do I see the area of .20.Again, hit the play button! Does this chart have a bullish bias and a Bearish bias? Yes it does! Does it prepare traders for what to do in each case? It does and that’s technical analysis asshole! If you think great technical analysis is just making calls and being right all the time they need me one technical analyst that can honestly do that on a weekly basis? Instead it’s better to keep your followers aware of what’s going on and what can happen to either profit, short or not get slaughtered if your a holder! You’re just mad because you know your Arias wave has made you look like a fool in the last six months probably more but I haven’t gone back that far!
mfibbs
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@AriasWave, now that I look at it,The Bearish side of this analysis was 100% spot on! Argue that?
mfibbs
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That's because there are two wave 4's in the count. One is did we finish already and one is a prolonged ABCDE wave 4. There's also two ending points where wave 5 ends. So how your saying that there is no new low possible according to the count would be great to hear.
AriasWave
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OK so judging by this analysis we cannot make a new low because that would invalidate your count.
That moment is imminent.
One day you will have to realize that everything you thought was true is pure BS.
Don't worry, I have been there before.
So where do you begin to try and decipher these markets.
It's called AriasWave my friend.
According to this count no new low is possible, well I guess we will find out won't we?
mfibbs
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@AriasWave, I love the corrective criticism. Please keep it coming. I never claimed to know everything and if I change a count, no one gets hurt because they were aware of the possibilities ahead of time. I don't need to be the hero and make calls unless I'm 110% sure. Rather than make premature calls and look like an ass. This analysis is pretty spot on other than maybe labeling the D wave a little premature where I notified certain people of that 2 hours after I posted it. I'm in great position right now with half still open from my homerun buy around $.30 after I sold the break of the ascending wedge. Sold half of that at $.44 and I'm ready for everything and so are the people that contact me.
mfibbs
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@AriasWave, Your soo arrogant and stupid it makes my stomach ill. Your followers were waiting and waiting for $.27. Missed the swings in between, only to most likely go all in at $.27 for it to roll over 33% after they already lost 125% buying at the top because that was your recommendation. I can’t believe I’m wasting my time talking to a narcissistic arrogant patient who belongs in a mental institution thinking his TA is great! Check yourself into a hospital… for real!
PeterGXY
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nice timing!
PeterGXY
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thank you for publishing your idea!
mfibbs
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@PeterGXY, No problem. I might have labeled the E wave too soon. That could be the end of the C wave and we are in a D wave now. Either way, watch this triangle. A break above $.43 could confirm us bullish. A break below $.36 with volume will tell us to wait and see how low it goes. I'm not making any calls until I either get stopped out or I buy back my 1/2 position. The count is tricky which is why I have both scenarios and no one get's hurt. I'll update the idea once I get confirmation.